Nigeria government bonds · auction 11 Feb 2015 · NGN
Nigeria bond auction, 11 Feb 2015: 5-year at 15.54%
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: 5-year bond 15.54% FGN FEB 2020
15.54%
Largest amount accepted at this auction
Change vs previous 5-year sale
+34 bp
15.20% on 14 Jan 2015
Accepted
NGN 76.5bn
Against NGN 90.0bn on offer
Bid cover
1.62×
Bids of NGN 123.6bn ÷ 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.
- 5-year15.54% FGN FEB 2020matures 13 Feb 2020
- Sale
- —
- Coupon
- 15.540%
- Rate
- 15.540%
- Bid range
- 14.00–17.50%
- Previous
- 15.200% 2015-01-14
- Change, bp
- +34
- Offered, NGNm
- 35,000
- Bids, NGNm
- 60,100
- Accepted, NGNm
- 34,000
- Bid cover
- 1.77×
- Source
- notice
- 10-year14.20% FGN MAR 2024matures 14 Mar 2024
- Sale
- reopening
- Coupon
- 14.200%
- Rate
- 15.750%
- Bid range
- 12.01–18.50%
- Previous
- 15.429% 2015-01-14
- Change, bp
- +32.1
- Offered, NGNm
- 30,000
- Bids, NGNm
- 35,370
- Accepted, NGNm
- 25,000
- Bid cover
- 1.41×
- Source
- notice
- 20-year12.1493% FGN JUL 2034matures 18 Jul 2034
- Sale
- reopening
- Coupon
- 12.149%
- Rate
- 15.850%
- Bid range
- 15.00–19.98%
- Previous
- 15.479% 2015-01-14
- Change, bp
- +37.1
- Offered, NGNm
- 25,000
- Bids, NGNm
- 28,140
- Accepted, NGNm
- 17,500
- Bid cover
- 1.61×
- Source
- notice
| Bond | Sale | Coupon | Rate | Bid range | Previous | Change, bp | Offered, NGNm | Bids, NGNm | Accepted, NGNm | Bid cover | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 5-year15.54% FGN FEB 2020matures 13 Feb 2020 | — | 15.540% | 15.540% | 14.00–17.50% | 15.200% 2015-01-14 | +34 | 35,000 | 60,100 | 34,000 | 1.77× | notice |
| 10-year14.20% FGN MAR 2024matures 14 Mar 2024 | reopening | 14.200% | 15.750% | 12.01–18.50% | 15.429% 2015-01-14 | +32.1 | 30,000 | 35,370 | 25,000 | 1.41× | notice |
| 20-year12.1493% FGN JUL 2034matures 18 Jul 2034 | reopening | 12.149% | 15.850% | 15.00–19.98% | 15.479% 2015-01-14 | +37.1 | 25,000 | 28,140 | 17,500 | 1.61× | 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 Feb 2015, compiled from the Debt Management Office, Nigeria. Retrieved 5 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2015-02-11