Nigeria government bonds · auction 11 Jun 2014 · NGN
Nigeria bond auction, 11 Jun 2014: 10-year at 12.24%
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: 10-year bond 14.20% FGN MAR 2024
12.24%
Largest amount accepted at this auction
Change vs previous 10-year sale
−85.5 bp
13.10% on 23 Apr 2014
Accepted
NGN 80.0bn
Against NGN 70.0bn on offer
Bid cover
2.56×
Bids of NGN 204.5bn ÷ 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
- 11.360%
- Previous
- 13.149% 2014-04-23
- Change, bp
- −178.9
- Offered, NGNm
- 35,000
- Bids, NGNm
- 71,450
- Accepted, NGNm
- 30,000
- Bid cover
- 2.38×
- Source
- notice
- 10-year14.20% FGN MAR 2024matures 14 Mar 2024
- Sale
- reopening
- Coupon
- 14.200%
- Rate
- 12.245%
- Previous
- 13.100% 2014-04-23
- Change, bp
- −85.5
- Offered, NGNm
- 35,000
- Bids, NGNm
- 133,080
- Accepted, NGNm
- 50,000
- Bid cover
- 2.66×
- Source
- notice
| Bond | Sale | Coupon | Rate | Previous | Change, bp | Offered, NGNm | Bids, NGNm | Accepted, NGNm | Bid cover | Source |
|---|---|---|---|---|---|---|---|---|---|---|
| 3-year13.05% FGN AUG 2016matures 16 Aug 2016 | reopening | 13.050% | 11.360% | 13.149% 2014-04-23 | −178.9 | 35,000 | 71,450 | 30,000 | 2.38× | notice |
| 10-year14.20% FGN MAR 2024matures 14 Mar 2024 | reopening | 14.200% | 12.245% | 13.100% 2014-04-23 | −85.5 | 35,000 | 133,080 | 50,000 | 2.66× | 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, 11 Jun 2014, compiled from the Debt Management Office, Nigeria. Retrieved 5 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2014-06-11