Summary of FGN Bond Auction Results for January 2022

Thursday, January 20, 2022  / 10:40 AM / by DMO / Header Image Credit: filmfoto; iStock

Auction Result for the 12.50% FGN JAN 2026 (Re-opening 10-Year Bond) & 13.00% FGN JAN 2042 (New Issue 20-Year Bond)

Successful bids for the 12.50% FGN JAN 2026 & 13.00% FGN JAN 2042 were allotted at the Marginal Rates of 11.50% and 13.00%, respectively.

However, the original coupon rates of 12.5000% for the 12.5000% FGN JAN 2026 will be maintained, while the coupon rate for the 13.00% FGN JAN 2042 (New Issue) is set at 13.00%.

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