The Nigerian Stock Exchange has notified Dealing Members that the July 2020 Issue of the Federal Government of Nigeria’s (FGN) 9.80% JUL 2045 Bonds were listed on the Exchange today, Thursday, 27, August 2020.
This was contained in Market Bulletin issued by the Exchange, signed by Godstime Iwenekhai Head, Listings Regulation.
Below are the details of the Bonds:
Issuer – Federal Government of Nigeria
Bond Description/Symbol Name – 9.80% FGN JUL 2045
Symbol Code – FG172045S3
ISIN – NGFG172045S0
Issue Size – N75,000,000,000
Issue Quantity – 75,000,000
Price – N1,000
Coupon rate – 9.80%
Issue Date – 24 July 2020
Maturity Date – 24 July 2045
Coupon Payment Dates – 24 January and 24 July
Tenor – 25 years
Listing Date – Thursday, 27 August 2020
Trading in FGN Bond is done on a daily basis in the Secondary debt market by licensed broker-dealers (banks and stockbrokers) on the floor of The Nigeria Securities Exchange (NSE).
Read more; A Beginners Guide to Investing in the Nigerian Financial Market: Fixed Income Assets
Written by;
Ifunanya Cynthia