Summary of June 2018 FGN Bond Auction


Thursday, June 28, 2018 / 02:58 PM / DMO

Auction Result for the 12.75% FGN APR 2023 (Re-opening 5-year Bond), 13.50% FGN MAR 2025 (Reopening 7-Year Bond) & 13.98% FGN FEB 2028 (Re-opening 10-Year Bond)

 Proshare Nigeria Pvt. Ltd.

Successful bids for the 12.75% FGN APR 2023, 13.53% FGN MAR 2025, and 13.98% FGN FEB 2028 were allotted at the Marginal Rates of 13.5000%, 13.8000% and 13.8100%, respectively. 

However, the original coupon rates of 12.75% for the 12.75% FGN APR 2023, 13.53% for the 13.53% FGN MAR 2025 and 13.98% for the 13.98% FGN FEB 2028 will be maintained. 

In addition, N5.30 billion of the 12.75% FGN APR 2023 and N1.22 billion of the 13.53% FGN MAR 2025 were allotted on noncompetitive basis.

 Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.


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