Summary of FGN Bond Auction Results for December 2017

Proshare

Friday, December 15, 2017 4:17PM/ DMO 


Auction Result for the 14.50% FGN JUL 2021 (Re-opening 5-year Bond) & 16.2884% FGN MAR 2027 (Reopening 10-Year Bond)

Proshare Nigeria Pvt. Ltd.

Successful bids for the 14.50% FGN JUL 2021 and 16.2884% FGN MAR 2027 were allotted at the Marginal Rates of 13.1900% and 13.2100%, respectively. 

However, the original coupon rates of 14.50% for the 14.50% FGN JUL 2021 and 16.2884% for the 16.2884% FGN MAR 2027 will be maintained. 

In addition, N8.66 billion of the 16.2884% FGN MAR 2027 was allotted on a non-competitive basis. 

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