Summary of FGN Bond Auction Results For April 2020

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

 

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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).

 

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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.


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