Summary of FGN Bond Auction Results For April 2020

Thursday, April 23, 2020 / 2:10 PM  / By DMO / Header Image Credit: Pixabay

Auction Result for the 12.75% FGN APR 2023 (Re-opening 5-year Bond), 12.5000% FGN MAR 2035 (Re-opening 15-Year Bond) & 12.9800% FGN MAR 2050 (Re-opening 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 9.0000%, 12.0000% and 12.5000%, respectively.

However, the original coupon rates of 12.75% for the 12.75% FGN APR 2023, 12.5000% for the 12.5000% FGN MAR 2035 and 12.9800% for the 12.9800% FGN MAR 2050 will be maintained.

Related News

1. Two-In-One Combo: DMO Cuts Stop Rates And Borrows 160% More At Bond Auction Amidst Healthy Demand
2. Yields Retreat as Global Oil Prices Plummet
3. FLOURMILL CP Available; T-Bills Secondary Market Witness Bullish Run on Buoyant Liquidity
4. Gap Between Primary and Secondary Market OMO Rates Widens as CBN Sells N134bn At Auction
5. Invest in FGN Monthly Bond Auction - April 2020
6. FLOURMILL Issues Series 13 and 14 of its 100bn CP Programme With FMDQ Exchange
7. Bond Yields Resume Rally as DMO Plans To Offer N60Bn in April FGN Bond Auction
8. Treasury Bill Auction Holds On Thursday April 16th, 2020
9. PMA Holds on Wednesday; Average NT-Bills Yield Close Marginally Up 9bps WoW
10. Money Market Rates Jump to 15.00% As CBN Squeezes Banks for CRR