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Summary of FGN Bond Auction Results for October 2017

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Wednesday, October 25, 2017 6:03PM / 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.

Source: DMO 

Successful bids for the 14.50% FGN JUL 2021 and 16.2884% FGN MAR 2027 were allotted at the Marginal Rates of 15.0000% and 15.0000%, 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, N21.13 billion of the 16.2884% FGN MAR 2027 was allotted on non-competitive basis.
 

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