Summary of FGN Bond Auction Results For July 2020

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Thursday, July 23, 2020  /08:47 AM  / By DMO / Header Image Credit: Financial Tribune

 

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Auction Result for the 12.50% FGN JAN 2026 (Re-opening 10-year Bond), 12.50% FGN MAR 2035 (Re-opening 15-Year Bond), 9.80% FGN JUL 2045 (New Issue 25-Year Bond) & 12.98% FGN MAR 2050 (Re-opening 30-Year Bond)


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Successful bids for the 12.5000% FGN JAN 2026, 12.5000% FGN MAR 2035, 9.80% FGN JUL 2045 and 12.9800% FGN MAR 2050 were allotted at the Marginal Rates of 6.0000%, 9.5000%, 9.8000% and 9.9500%, respectively.

 

However, the original coupon rates of 12.5000% for the 12.5000% FGN JAN 2026, 12.5000% for the 12.5000% FGN MAR 2035 and 12.9800% for the 12.9800% FGN MAR 2050 will be maintained, while the coupon rate for the 9.8000% FGN JUL 2045 is set at 9.8000%.


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