Summary of Auction Results for April 2016

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Wednesday, April 13, 2016/ 5.38PM / DMO

Auction Result for the 15.54% FGN FEB 2020 (Re-opening), 12.50% FGN JAN 2026 (Re-opening) & 12.40% FGN MAR 2036 (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 12.0000%, 12.6000% and 13.0800%, respectively.

However, the original coupon rates of 15.54% for the 15.54% FGN FEB 2020 , 12.50% for the 12.50% FGN JAN 2026 and 12.40 for the 12.40% FGN MAR 2036 will be maintained.

In addition, N70.18 billion of the 12.50% FGN JAN 2026 was allotted on non-competitive basis.

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