Nigeria government bonds · auction 16 Jul 2014 · NGN
Nigeria bond auction, 16 Jul 2014: 10-year at 12.19%
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: 10-year bond 14.20% FGN MAR 2024
12.19%
Largest amount accepted at this auction
Change vs previous 10-year sale
−5.1 bp
12.24% on 11 Jun 2014
Accepted
NGN 100.0bn
Against NGN 100.0bn on offer
Bid cover
—
Bids not published
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.
- 3-year13.05% FGN AUG 2016matures 16 Aug 2016
- Sale
- reopening
- Coupon
- 13.050%
- Rate
- 11.000%
- Bid range
- 10.00–13.05%
- Previous
- 11.360% 2014-06-11
- Change, bp
- −36
- Offered, NGNm
- 15,000
- Bids, NGNm
- —
- Accepted, NGNm
- 15,000
- Bid cover
- —
- Source
- notice
- 10-year14.20% FGN MAR 2024matures 14 Mar 2024
- Sale
- reopening
- Coupon
- 14.200%
- Rate
- 12.194%
- Bid range
- 11.20–13.50%
- Previous
- 12.245% 2014-06-11
- Change, bp
- −5.1
- Offered, NGNm
- 50,000
- Bids, NGNm
- —
- Accepted, NGNm
- 50,000
- Bid cover
- —
- Source
- notice
- 20-year12.1493% FGN JUL 2034matures 18 Jul 2034
- Sale
- new
- Coupon
- 12.149%
- Rate
- 12.149%
- Bid range
- 11.50–14.00%
- Previous
- 13.200% 2013-12-11
- Change, bp
- −105.1
- Offered, NGNm
- 35,000
- Bids, NGNm
- —
- Accepted, NGNm
- 35,000
- Bid cover
- —
- 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% | 11.000% | 10.00–13.05% | 11.360% 2014-06-11 | −36 | 15,000 | — | 15,000 | — | notice |
| 10-year14.20% FGN MAR 2024matures 14 Mar 2024 | reopening | 14.200% | 12.194% | 11.20–13.50% | 12.245% 2014-06-11 | −5.1 | 50,000 | — | 50,000 | — | notice |
| 20-year12.1493% FGN JUL 2034matures 18 Jul 2034 | new | 12.149% | 12.149% | 11.50–14.00% | 13.200% 2013-12-11 | −105.1 | 35,000 | — | 35,000 | — | 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, 16 Jul 2014, compiled from the Debt Management Office, Nigeria. Retrieved 5 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2014-07-16