Summary of March 2019 FGN Bond Auction Results


Thursday, March 28 2019  09:50 AM / DMO


Auction Result for the 12.75% FGN APR 2023 (Re-opening 5-year Bond), 13.53% FGN MAR 2025 (Reopening 7-Year Bond) & 13.98% FGN FEB 2028 (Re-opening 10-Year Bond)

Proshare Nigeria Pvt. Ltd.

Successful bids for the 12.75% FGN APR 2023, 13.53% FGN MAR 2025, and 13.98% FGN FEB 2028 were allotted at the Marginal Rates of 13.5000%, 13.5000% and 13.5000%, respectively.

However, the original coupon rates of 12.75% for the 12.75% FGN APR 2023, 13.53% for the 13.53% FGN MAR 2025 and 13.98% for the 13.98% FGN FEB 2028 will be maintained.

In addition, N36.00 billion of the 12.75% FGN APR 2023 and N56.60 billion of the 13.53% FGN MAR 2025 were allotted on non-competitive basis.

Proshare Nigeria Pvt. Ltd.

Related News

1.       Bond Auction Rates Crash by 125bps Following N92bn Non-Competitive Sales

2.      Renewed Bullish Sentiments Anticipated Following MPR Cut

3.      Funding Rates Spike as Banks Fund for CBN’s Wholesale Auction

4.      Average Money Market Rate Rose By 3.12% To Settle At 14.54%

5.      Weak German Data, UST Curve Inversion Weigh on EM Risk Assets

6.      I and E Turnover Rebounds to c.$700m as CBN Re-Issues Long Tenor OMO Bill

7.      Invest in FGN Monthly Bond Auction – March 2019

8.     PMA Stop Rates Clear c.40bps lower following c.530% Oversubscription

9.      Access Bank Plc Holds Signing Ceremony for N15 Billion Green Bond Issuance

10.  T-Bill Rates to Clear Lower at Tomorrow’s NTB Auction

11. NAFEX Rate Weakens as Turnover Dips to c.$100m

Proshare Nigeria Pvt. Ltd.
Related News