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Summary of March 2018 FGN Bond Auction

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Friday, March 23, 2018 / 08:50 AM / DMO 

Auction Result for the 14.50% FGN JUL 2021 (Re-opening 5-year Bond), 13.50% FGN MAR 2025 (New Issue 7-Year Bond) & 13.98% FGN FEB 2028 (Re-opening 10-Year Bond)  

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Successful bids for the 14.50% FGN JUL 2021, 13.53% FGN MAR 2025, and 13.98% FGN FEB 2028 were allotted at the Marginal Rates of 13.4000%, 13.5300% and 13.6000%, respectively. 

However, the original coupon rates of 14.50% for the 14.50% FGN JUL 2021 and 13.98% for the 13.9800% FGN FEB 2028 will be maintained, while the coupon rate for the 13.5300% FGN MAR 2025 (New Issue) is set at 13.5300%. 

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