Jan 24 (Lagos) - Below are the results of today's (January 28 2018)
Nigerian FGN Bonds Primary Auction.
Both offers were heavily oversubscribed.
This is where the funds went today as it left the stock market among other places.
| 14.50% FGN JUL 2021 | 16.2884% FGN MAR 2027 |
Auction Date: | 24-January-2018 | 24-January-2018 |
Settlement Date: | 26-January-2018 | 26-January-2018 |
Maturity Date: | 15-Jul-21 | 17-Mar-27 |
Tenors: | 5-Year | 10-Year |
Term-To-Maturity: | 3 Years, 6 Months | 9 Years, 2 Months |
Amount Offered: | N 50.00 billion | N 60.00 billion |
Total Bids: | 41 | 114 |
Subscription: | N 55.750 billion | N 94.260 billion |
Amount Allotted: | N 45.120 billion | N 64.880 billion |
Range of Bids: | 12.5000% - 14.2000% | 12.5000% - 14.5000% |
Marginal Rates: | 13.3800% | 13.4910% |
reporting for easykobo.com on Wednesday, Jan 24 2018 from Lagos, Nigeria
Source - analysts at
AIICO Capital Ltd in Victoria Island