Summary of FGN Bond Auction Results For March 2020

Proshare

Thursday, March 26, 2020 /10:15 AM / By DMO / Header Image Credit: NewsVerge

 

Auction Result for the 12.75% FGN APR 2023 (Re-opening 5-year Bond), 12.5000% FGN MAR 2035 (New Issue 15-Year Bond) & 12.9800% FGN MAR 2050 (New Issue 30-Year Bond).


Proshare Nigeria Pvt. Ltd.

 

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 10.0000%, 12.5000% and 12.9800%, respectively.

 

However, the original coupon rate of 12.75% for the 12.75% FGN APR 2023 will be maintained, while the coupon rates for the 12.5000% FGN MAR 2035 (New Issue) and 12.9800% FGN MAR 2050 (New Issue) are set at 12.5000% and 12.9800% respectively.


Proshare Nigeria Pvt. Ltd.

 

Related News

  1. Invest in FGN Monthly Bond Auction - March 2020
  2. Somber Day in the Fixed Income Space as the MPC Maintains Rates across All Boards
  3. ACCESS Publishes 2020 Green Bond Impact Report
  4. Somber Day in the Fixed Income Space as the MPC Maintains Rates across All Boards
  5. Quiet Bond Market as COVID-19 Fears Creates Uncertainty Among Investors
  6. DANGCEM Notifies of Intention To Issue Maiden Bonds
  7. Average NT-Bills Yield Rises to 4.0% Amidst Mixed Investors' Sentiments; UCAP Plc CP Available
  8. CBN Responds to Global Economic Conditions; Depreciates Naira
  9. Yields Continue to Recover, as the CBN Records a NO SALE at the OMO Auction
  10. Rates At T-Bills Primary Auction Closes Lower, Despite Low Crude Oil Prices

Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.
READ MORE:
Related News
SCROLL TO TOP