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Summary of FGN Bond Auction Results for September 2017

Proshare

Friday, September 29, 2017 10:28AM / DMO

Auction Result for the 14.50% FGN JUL 2021 (Re-opening), 16.2884% FGN MAR 2027 (Re-opening 10- Year Bond) & 16.2499% FGN APR 2037 (Re-opening)


Source: DMO


Successful bids for the 14.50% FGN JUL 2021, 16.2884% FGN MAR 2027 and 16.2499% FGN APR 2037 were allotted at the Marginal Rates of 15.9899%, 15.9000% and 15.9200%, respectively.


However, the original coupon rates of 14.50% for the 14.50% FGN JUL 2021, 16.2884% for the 16.2884% FGN MAR 2027 and 16.2499% for the 16.2499% FGN APR 2037 will be maintained.




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