Summary of August 2018 FGN Bond Auction Results

Proshare

Tuesday August 28, 2017 01:37 PM / DMO

Auction Result for the 12.75% FGN APR 2023 (Re-opening 5-year Bond), 13.53% 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 14.3900%, 14.6000% and 14.6900%, 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, N36.25 billion of the 12.75% FGN APR 2023 and N34.15 billion of the 13.53% FGN MAR 2025 were allotted on non-competitive basis.

 

Proshare Nigeria Pvt. Ltd.



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