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Summary of FGN Bond Auction Results for February 2018


Thursday, February 22, 2018 /07:55 AM /DMO  

Auction Result for the 14.50% FGN JUL 2021 (Re-opening 5-year Bond) & 13.98% FGN FEB 2028 (New Issue 10-Year Bond)

Proshare Nigeria Pvt. Ltd.

Successful bids for the 14.50% FGN JUL 2021 and 13.98% FGN FEB 2028 were allotted at the Marginal Rates of 13.7000% and 13.9800%, respectively.

However, the original coupon rates of 14.50% for the 14.50% FGN JUL 2021 will be maintained, while the coupon rate for the 13.9800% FGN FEB 2028 (New Issue) is set at 13.9800%.

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