Nigeria government bonds · auction 15 Oct 2014 · NGN
Nigeria bond auction, 15 Oct 2014: 10-year at 12.79%
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
12.79%
Largest amount accepted at this auction
Change vs previous 10-year sale
+57 bp
12.22% on 13 Aug 2014
Accepted
NGN 73.6bn
Against NGN 73.6bn on offer
Bid cover
1.58×
Bids of NGN 116.3bn ÷ 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.
- 3-year13.05% FGN AUG 2016matures 16 Aug 2016
- Sale
- reopening
- Coupon
- 13.050%
- Rate
- 12.140%
- Bid range
- 10.00–13.50%
- Previous
- 11.123% 2014-08-13
- Change, bp
- +101.7
- Offered, NGNm
- 18,612
- Bids, NGNm
- 46,360
- Accepted, NGNm
- 18,612
- Bid cover
- 2.49×
- Source
- notice
- 10-year14.20% FGN MAR 2024matures 14 Mar 2024
- Sale
- reopening
- Coupon
- 14.200%
- Rate
- 12.790%
- Bid range
- 12.00–14.00%
- Previous
- 12.220% 2014-08-13
- Change, bp
- +57
- Offered, NGNm
- 30,000
- Bids, NGNm
- 40,300
- Accepted, NGNm
- 30,000
- Bid cover
- 1.34×
- Source
- notice
- 20-year12.1493% FGN JUL 2034matures 18 Jul 2034
- Sale
- reopening
- Coupon
- 12.149%
- Rate
- 12.699%
- Bid range
- 12.00–13.15%
- Previous
- 12.389% 2014-08-13
- Change, bp
- +31
- Offered, NGNm
- 25,000
- Bids, NGNm
- 29,650
- Accepted, NGNm
- 25,000
- Bid cover
- 1.19×
- 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% | 12.140% | 10.00–13.50% | 11.123% 2014-08-13 | +101.7 | 18,612 | 46,360 | 18,612 | 2.49× | notice |
| 10-year14.20% FGN MAR 2024matures 14 Mar 2024 | reopening | 14.200% | 12.790% | 12.00–14.00% | 12.220% 2014-08-13 | +57 | 30,000 | 40,300 | 30,000 | 1.34× | notice |
| 20-year12.1493% FGN JUL 2034matures 18 Jul 2034 | reopening | 12.149% | 12.699% | 12.00–13.15% | 12.389% 2014-08-13 | +31 | 25,000 | 29,650 | 25,000 | 1.19× | 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, 15 Oct 2014, compiled from the Debt Management Office, Nigeria. Retrieved 4 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2014-10-15