Summary of April 2019 FGN Bond Auction Results

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Wednesday, April 24 2019  06:10 PM / DMO

 

Auction Result for the 12.75% FGN APR 2023 (Re-opening 5-year Bond), 14.55%FGN APR 2029 (New Issue 10-Year Bond) & 14.80% FGN APR 2049 (New Issue 30-Year Bond)


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Successful bids for the 12.75% FGN APR 2023, 14.55% FGN APR 2029, and 14.80% FGN APR 2049 were allotted at the Marginal Rates of 14.5000%, 14.5500% and 14.8000%, respectively.

However, the original coupon rate of 12.75% for the 12.75% FGN APR 2023 will be maintained, while the coupon rates for the 14.55% FGN APR 2029 (New Issue) and 14.80% FGN APR 2049 (New Issue) is set at 14.55% and 14.80% respectively.


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