Summary of FGN Bond Auction Results For May 2019

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Thursday, May 23, 2019  09:41 AM / By DMO

 

Auction Result for the 12.75% FGN APR 2023 (Re-opening 5-year Bond), 14.55%FGN APR 2029 (Reopening 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 14.11%, 14.24% and 14.49% 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.


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