Summary of May 2018 FGN Bond Auction


Thursday, May 24, 2018 / 09:23 AM / DMO

Auction Result for the 12.75% FGN APR 2023 (New Issue 5-year Bond), 13.50% 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 13.5500%, 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, N14.99 billion of the 13.53% FGN MAR 2025 and N14.99 billion of the 13.98% FGN FEB 2028 were allotted on non-competitive basis.


Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.

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