Summary of FGN Bond Auction Results For July 2019

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Friday, July 26, 2019 09:07AM / DMO

 

Auction Result for the 12.75% FGN APR 2023 (Re-opening 5-year Bond), 14.55%FGN APR 2029 (Re-opening 10-Year Bond) & 14.80% FGN APR 2049 (Re-opening 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 13.3500%, 13.6400% and 14.1200% respectively. 

However, the original coupon rate of 12.75% for the 12.75% FGN APR 2023, 14.55% for the 14.55% FGN APR 2029 and 14.80% for the 14.80% FGN APR 2049 will be maintained. 

In addition, 12.00 billion of the 12.75% FGN APR 2023, 29.70 of the 14.55% FGN APR 2029 and 16.50 of the 14.80% FGN APR 2049 were allotted on non-competitive basis.


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