Summary of Auction Results for August 2016

Wednesday, August 17, 2016/ 4.57PM / DMO

Auction Result for the 14.50% FGN JUL 2021 (Re-opening), 12.50% FGN JAN 2026 (Re-opening) & 12.40% FGN MAR 2036 (Re-opening)



Successful bids for the 14.50% FGN JUL 2021, 12.50% FGN JAN 2026 and 12.40% FGN MAR 2036 were allotted at the Marginal Rates of15.0800%, 15.2848% and 15.5300%, respectively.

However, the original coupon rates of 14.50% for the 14.50% FGN JUL 2021, 12.50% for the 12.50% FGN JAN 2026, and 12.40 for the 12.40% FGN MAR 2036 will be maintained.

In addition, N109.585 billion of the 14.50% FGN JUL 2021 was allotted on non-competitive basis.

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