Summary of March 2019 FGN Bond Auction Results

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Thursday, March 28 2019  09:50 AM / DMO

 

Auction Result for the 12.75% FGN APR 2023 (Re-opening 5-year Bond), 13.53% FGN MAR 2025 (Reopening 7-Year Bond) & 13.98% FGN FEB 2028 (Re-opening 10-Year Bond)


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Successful bids for the 12.75% FGN APR 2023, 13.53% FGN MAR 2025, and 13.98% FGN FEB 2028 were allotted at the Marginal Rates of 13.5000%, 13.5000% and 13.5000%, respectively.

However, the original coupon rates of 12.75% for the 12.75% FGN APR 2023, 13.53% for the 13.53% FGN MAR 2025 and 13.98% for the 13.98% FGN FEB 2028 will be maintained.

In addition, N36.00 billion of the 12.75% FGN APR 2023 and N56.60 billion of the 13.53% FGN MAR 2025 were allotted on non-competitive basis.


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