Nigeria government bonds · auction 17 Apr 2013 · NGN
Nigeria bond auction, 17 Apr 2013: 20-year at 12.60%
3 bond lines from the Debt Management Office, Nigeria’s own result. Rates are the marginal (stop) rate, percent per annum; uniform-price auctions, so every successful bid pays it. Information, not advice.
Headline: 20-year bond 10.00% FGN JUL 2030
12.60%
Largest amount accepted at this auction
Change vs previous 20-year sale
+169.9 bp
10.90% on 13 Feb 2013
Accepted
NGN 104.8bn
Against NGN 104.8bn on offer
Bid cover
1.27×
Bids of NGN 133.3bn ÷ accepted
Results
Every line, 3 in all
Amounts in NGN millions. Change is in basis points (100 bp = 1 percentage point) from the previous sale of the same tenor, whenever it was. Bid cover is bids received divided by the amount accepted.
- 7-year16.00% FGN JUN 2019matures 29 Jun 2019
- Sale
- reopening
- Coupon
- 16.000%
- Rate
- 11.500%
- Bid range
- 7.00–12.19%
- Previous
- 10.960% 2013-02-13
- Change, bp
- +54
- Offered, NGNm
- 35,000
- Bids, NGNm
- 40,900
- Accepted, NGNm
- 35,000
- Bid cover
- 1.17×
- Source
- notice
- 10-year16.39% FGN JAN 2022matures 27 Jan 2022
- Sale
- reopening
- Coupon
- 16.390%
- Rate
- 11.199%
- Bid range
- 10.00–12.94%
- Previous
- 10.800% 2013-02-13
- Change, bp
- +39.9
- Offered, NGNm
- 34,800
- Bids, NGNm
- 51,340
- Accepted, NGNm
- 34,800
- Bid cover
- 1.48×
- Source
- notice
- 20-year10.00% FGN JUL 2030matures 23 Jul 2030
- Sale
- reopening
- Coupon
- 10.000%
- Rate
- 12.599%
- Bid range
- 10.00–14.00%
- Previous
- 10.900% 2013-02-13
- Change, bp
- +169.9
- Offered, NGNm
- 35,000
- Bids, NGNm
- 41,100
- Accepted, NGNm
- 35,000
- Bid cover
- 1.17×
- Source
- notice
| Bond | Sale | Coupon | Rate | Bid range | Previous | Change, bp | Offered, NGNm | Bids, NGNm | Accepted, NGNm | Bid cover | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 7-year16.00% FGN JUN 2019matures 29 Jun 2019 | reopening | 16.000% | 11.500% | 7.00–12.19% | 10.960% 2013-02-13 | +54 | 35,000 | 40,900 | 35,000 | 1.17× | notice |
| 10-year16.39% FGN JAN 2022matures 27 Jan 2022 | reopening | 16.390% | 11.199% | 10.00–12.94% | 10.800% 2013-02-13 | +39.9 | 34,800 | 51,340 | 34,800 | 1.48× | notice |
| 20-year10.00% FGN JUL 2030matures 23 Jul 2030 | reopening | 10.000% | 12.599% | 10.00–14.00% | 10.900% 2013-02-13 | +169.9 | 35,000 | 41,100 | 35,000 | 1.17× | notice |
Source notice: dmo.gov.ng. Compiled by Afronomics, data updated 2026-10-19. Information, not advice.
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Afronomics (2026). Nigeria government bond auction, 17 Apr 2013, compiled from the Debt Management Office, Nigeria. Retrieved 5 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2013-04-17