Summary of April 2018 FGN Bond Auction

Proshare

Thursday, April 26, 2018 / 07:34 AM / DMO 

Auction Result for the 12.75% FGN APR 2023 (New Issue 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 12.75.%, 12.85% and 12.89%, respectively. 

However, the original coupon rates of 13.53% for the 13.53% FGN MAR 2025 and 13.98% for the 13.9800% FGN FEB 2028 will be maintained, while the coupon rate for the 12.75% FGN APR 2023 (New Issue) is set at 12.75%. 

In addition, N25.00 billion of the 13.53% FGN MAR 2025 and N25.00 billion of the 13.98% FGN FEB 2028 was allotted on noncompetitive basis. 

Proshare Nigeria Pvt. Ltd.

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