February 13, 2017/Cowry Asset Research

Lagos (INVESTADVOCATE)-The FGN Bond Auction for the month of February has been scheduled for Wednesday February 15, 2017.

Auction Summary

• Auction Date:                                  Wednesday, February 15, 2017.
• Settlement Date:                             Friday, February 17, 2017.

• Amount/Tenor:
  • N45, 000,000,000 – 14.50% FGN JUL 2021 (5-Yr Re-opening)
  • N20,000,000,000 – 12.50% FGN JAN 2026 (10-Yr Re- opening)
  • N45, 000,000,000 –12.40% FGN MAR 2036 ( 20- Yr Re-opening)

• Units of Sale: N1,000 per unit subject to a minimum subscription of N10,000 and in multiples of N1,00 thereafter

Please follow the link to download the documents:

http://www.cowryasset.com/uploads/reports/NewFGNBondTenderForm-2_5.pdf

http://www.cowryasset.com/uploads/reports/February%202017%20FGN%20Bond%20Offer%20Circular_1.pdf