Summary of FGN Bond Auction Results for October 2020

Proshare

Friday, October 23, 2020   / 8:32 AM  / By DMO / Header Image Credit: Financial Tribune

 

Auction Result for the 12.50% FGN MAR 2035 (Re-opening 15-Year Bond) & 9.80% FGN JUL 2045 (Reopening 25-Year Bond).

 

Proshare Nigeria Pvt. Ltd.

 

Successful bids for the 12.5000% FGN MAR 2035 & 9.8000% FGN JUL 2045 were allotted at the Marginal Rates of 4.9700% and 6.0000%, respectively.

 

However, the original coupon rates of 12.5000% for the 12.5000% FGN MAR 2035 and 9.8000% for the 9.8000% FGN JUL 2045 will be maintained.


Proshare Nigeria Pvt. Ltd.


Related News

1.      CBN Cuts OMO Rates by 37bps Staying True to Their Stance

2.     Coronation MB Funding SPV Plc's Up to N10bn Series I Bond Issuance Now Open

3. Land-sliding Drop-in Bond Auction Stop Rate as DMO Cuts Rates by Approximately 200bps

4.     Local Appetite for Bonds Continues to Weight Yields Down

5.   NT-Bills Secondary Market Sustains Bullish Run as Average Yield Moderates to 1.1%WoW

6.    Invest in FGN Monthly Bond Auction - October 2020

7.    Reduction in October Bond Auction Causes Yields to Crash 100bps In the FI Space Overnight

8.   Treasury Bill Auction Holds Wednesday October 14th, 2020

9.   Anchoria Fixed Income Monitor: Naira Strengthens as CBN Continues Forex Sales


Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.

READ MORE:
Related News
SCROLL TO TOP