Summary of FGN Bond Auction Results for September 2021

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Thursday, September 23, 2021 / 06:54 PM  / By DMO / Header Image Credit: iStock

 

Auction Result for the 13.98% FGN FEB 2028 (Re-opening 10-Year Bond), 12.40% FGN MAR 2036 (Re-opening 20-Year Bond) & 12.98% FGN MAR 2050 (Re-opening 30-Year Bond).

 

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Successful bids for the 13.9800% FGN FEB 2028, 12.4000% FGN MAR 2036 & 12.9800% FGN MAR 2050 were allotted at the Marginal Rates of 11.6000%, 12.75000% and 13.0000%, respectively.

 

However, the original coupon rates of 13.9800% for the 13.9800% FGN FEB 2028, 12.4000% for the 12.4000% FGN MAR 2036 and 12.9800% for the 12.9800% FGN MAR 2050 will be maintained.


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