Summary of FGN Bond Auction Results For June 2019

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Friday, June 28, 2019 09:34AM / 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 14.3000%, 14.5000.% and 14.6800% 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, N13.50 billion of the 14.55% FGN APR 2029 was allotted on non-competitive basis.

 

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