Nigeria Business & Finance Updates

FGN Bonds Auction Results October 23, 2019

CBN FGN bonds auction results

FGN Bonds

Date of Auction 10/23/2019 10/23/2019 10/23/2019
Tenor
Maturity Date
5 year
4/27/2023
10 Year
4/26/2029
30 Year
4/26/2049
Amount Offered (N mn) 50 50 50
Subscriptions (N mn) 63.67 119.78 72.54
Tot. Successful (N mn) 29.11 64.40 46.30
Range of Bid Rates 13.9900-14.4000 13.4000-14.8600 14.3000-15.1200
Successful Bid Rates 13.9900-14.0500 13.4000-14.2333 14.3000-14.6000
Marginal Rate 14.05 14.2333 14.6

Source: www.cbn.gov.ng

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