Summary of FGN Bond Auction Results For March 2020

Thursday, March 26, 2020 /10:15 AM / By DMO / Header Image Credit: NewsVerge

Auction Result for the 12.75% FGN APR 2023 (Re-opening 5-year Bond), 12.5000% FGN MAR 2035 (New Issue 15-Year Bond) & 12.9800% FGN MAR 2050 (New Issue 30-Year Bond).

Successful bids for the 12.7500% FGN APR 2023, 12.5000% FGN MAR 2035, and 12.9800% FGN MAR 2050 were allotted at the Marginal Rates of 10.0000%, 12.5000% and 12.9800%, respectively.

However, the original coupon rate of 12.75% for the 12.75% FGN APR 2023 will be maintained, while the coupon rates for the 12.5000% FGN MAR 2035 (New Issue) and 12.9800% FGN MAR 2050 (New Issue) are set at 12.5000% and 12.9800% respectively.

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