Summary of Auction Results for March 2016

Proshare

Thursday, March 17, 2016/ 8.28AM / DMO

Auction Result for the 12.40% FGN MAR 2036 (New Issue 20-Year Bond), 15.54% FGN FEB 2020 (Re-opening) & 12.50% FGN JAN 2026 (Re-opening)



Successful bids for the 15.54%FGN FEB 2020, 12.50% FGN JAN 2026 and 12.40% FGN MAR 2036 were allotted at the Marginal Rates of 11.3340%, 12.0900% and 12.4000%, respectively.

However, the original coupon rate of 15.54% for the 15.54% FGN FEB 2020 , 12.50% for the 12.50% FGN JAN 2026 will be maintained while the coupon rate for the 12.40% FGN MAR 2036 (New Issue) is set at 12.40%.

In addition, N5.00 billion of the 15.54% FGN FEB 2020 & N20.00 billion of the 12.50% FGN JAN 2026 were allotted on non-competitive basis.

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