Nigeria government bonds · auction 11 Dec 2013 · NGN
Nigeria bond auction, 11 Dec 2013: 3-year at 12.90%
2 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: 3-year bond 13.05% FGN AUG 2016
12.90%
Largest amount accepted at this auction
Change vs previous 3-year sale
—
No earlier sale of this tenor in the data
Accepted
NGN 75.0bn
Against NGN 75.0bn on offer
Bid cover
1.78×
Bids of NGN 133.4bn ÷ accepted
Results
Every line, 2 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.
- 3-year13.05% FGN AUG 2016matures 16 Aug 2016
- Sale
- reopening
- Coupon
- 13.050%
- Rate
- 12.900%
- Bid range
- 10.50–13.75%
- Previous
- —
- Change, bp
- first
- Offered, NGNm
- 40,000
- Bids, NGNm
- 80,660
- Accepted, NGNm
- 40,000
- Bid cover
- 2.02×
- Source
- notice
- 20-year10.00% FGN JUL 2030matures 23 Jul 2030
- Sale
- reopening
- Coupon
- 10.000%
- Rate
- 13.200%
- Bid range
- 12.00–14.00%
- Previous
- 13.799% 2013-07-17
- Change, bp
- −59.9
- Offered, NGNm
- 35,000
- Bids, NGNm
- 52,730
- Accepted, NGNm
- 35,000
- Bid cover
- 1.51×
- Source
- notice
| Bond | Sale | Coupon | Rate | Bid range | Previous | Change, bp | Offered, NGNm | Bids, NGNm | Accepted, NGNm | Bid cover | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 3-year13.05% FGN AUG 2016matures 16 Aug 2016 | reopening | 13.050% | 12.900% | 10.50–13.75% | — | first | 40,000 | 80,660 | 40,000 | 2.02× | notice |
| 20-year10.00% FGN JUL 2030matures 23 Jul 2030 | reopening | 10.000% | 13.200% | 12.00–14.00% | 13.799% 2013-07-17 | −59.9 | 35,000 | 52,730 | 35,000 | 1.51× | notice |
Source notice: dmo.gov.ng. Compiled by Afronomics, data updated 2026-10-19. Information, not advice.
Data
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Afronomics (2026). Nigeria government bond auction, 11 Dec 2013, compiled from the Debt Management Office, Nigeria. Retrieved 5 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2013-12-11