Summary of FGN Bond Auction Results for October 2021

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Thursday, October 21, 2021   / 09:35 AM  / By DMO / Header Image Credit: iStock

 

Auction Result for the 12.50% FGN JAN 2026 (Re-opening 10-Year Bond), 16.2499% FGN APR 2037 (Re-opening 20-Year Bond) & 12.98% FGN MAR 2050 (Re-opening 30-Year Bond)

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Successful bids for the 12.50% FGN JAN 2026, 16.2499% FGN APR 2037 & 12.9800% FGN MAR 2050 were allotted at the Marginal Rates of 11.6500%, 12.9500% and 13.2000%, respectively.

 

However, the original coupon rates of 12.5000% for the 12.5000% FGN JAN 2026, 16.2499% for the 16.2499% FGN APR 2037 and 12.9800% for the 12.9800% FGN MAR 2050 will be maintained.


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