Summary of FGN Bond Auction Results For July 2020


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


Proshare Nigeria Pvt. Ltd.

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)

Proshare Nigeria Pvt. Ltd.

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%.

Proshare Nigeria Pvt. Ltd.


Related News

  1. PMA Records Strong Demand as Average NT-Bills Yield Declines to 1.9%; Bond PMA Holds this Wednesday
  2. Invest in FGN Monthly Bond Auction - July 2020
  3. NSE Lists Axxela Funding 1 Plc Series 1 Bonds
  4. Rates Fell, as Local Demand Remain High at the PMA NTB Auction
  5. Treasury Bill Auction Holds On Wednesday July 15th, 2020
  6. Gold Jumps Past $1,700 Level as Coronavirus Fears Spur Haven Demand
  7. Average Yield Rises 2bps WoW Due to Tight System Liquidity
  8. Drab Day in Fixed Income Space Despite the Ease in System Liquidity
  9. Sigh of Relief as CRR Refund and SWAP Maturities Inflows Boost Interbank System Liquidity
  10. Money Market Rates Remain Stressed As Local Banks Queue Up For Liquidity From The CBN
  11. OMO Bears Emerge As Annual AMCON Charge Further Squeezes System Liquidity

Proshare Nigeria Pvt. Ltd.
Related News