Nigeria government bonds · auction 13 Aug 2014 · NGN
Nigeria bond auction, 13 Aug 2014: 10-year at 12.22%
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
12.22%
Largest amount accepted at this auction
Change vs previous 10-year sale
+2.6 bp
12.19% on 16 Jul 2014
Accepted
NGN 100.0bn
Against NGN 100.0bn on offer
Bid cover
1.74×
Bids of NGN 174.0bn ÷ 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.
- 3-year13.05% FGN AUG 2016matures 16 Aug 2016
- Sale
- reopening
- Coupon
- 13.050%
- Rate
- 11.123%
- Bid range
- 10.00–11.12%
- Previous
- 11.000% 2014-07-16
- Change, bp
- +12.3
- Offered, NGNm
- 15,000
- Bids, NGNm
- 29,400
- Accepted, NGNm
- 15,000
- Bid cover
- 1.96×
- Source
- notice
- 10-year14.20% FGN MAR 2024matures 14 Mar 2024
- Sale
- reopening
- Coupon
- 14.200%
- Rate
- 12.220%
- Bid range
- 11.50–13.99%
- Previous
- 12.194% 2014-07-16
- Change, bp
- +2.6
- Offered, NGNm
- 50,000
- Bids, NGNm
- 97,150
- Accepted, NGNm
- 50,000
- Bid cover
- 1.94×
- Source
- notice
- 20-year12.1493% FGN JUL 2034matures 18 Jul 2034
- Sale
- reopening
- Coupon
- 12.149%
- Rate
- 12.389%
- Bid range
- 11.80–14.02%
- Previous
- 12.149% 2014-07-16
- Change, bp
- +24
- Offered, NGNm
- 35,000
- Bids, NGNm
- 47,460
- Accepted, NGNm
- 35,000
- Bid cover
- 1.36×
- 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% | 11.123% | 10.00–11.12% | 11.000% 2014-07-16 | +12.3 | 15,000 | 29,400 | 15,000 | 1.96× | notice |
| 10-year14.20% FGN MAR 2024matures 14 Mar 2024 | reopening | 14.200% | 12.220% | 11.50–13.99% | 12.194% 2014-07-16 | +2.6 | 50,000 | 97,150 | 50,000 | 1.94× | notice |
| 20-year12.1493% FGN JUL 2034matures 18 Jul 2034 | reopening | 12.149% | 12.389% | 11.80–14.02% | 12.149% 2014-07-16 | +24 | 35,000 | 47,460 | 35,000 | 1.36× | 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, 13 Aug 2014, compiled from the Debt Management Office, Nigeria. Retrieved 5 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2014-08-13