Nigeria government bonds · auction 11 Mar 2015 · NGN
Nigeria bond auction, 11 Mar 2015: 10-year at 16.85%
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
16.85%
Largest amount accepted at this auction
Change vs previous 10-year sale
+109.9 bp
15.75% on 11 Feb 2015
Accepted
NGN 91.0bn
Against NGN 95.0bn on offer
Bid cover
1.31×
Bids of NGN 119.2bn ÷ 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
- reopening
- Coupon
- 15.540%
- Rate
- 16.499%
- Bid range
- 14.00–17.49%
- Previous
- 15.540% 2015-02-11
- Change, bp
- +95.9
- Offered, NGNm
- 35,000
- Bids, NGNm
- 31,610
- Accepted, NGNm
- 20,000
- Bid cover
- 1.58×
- Source
- notice
- 10-year14.20% FGN MAR 2024matures 14 Mar 2024
- Sale
- reopening
- Coupon
- 14.200%
- Rate
- 16.849%
- Bid range
- 12.22–19.46%
- Previous
- 15.750% 2015-02-11
- Change, bp
- +109.9
- Offered, NGNm
- 30,000
- Bids, NGNm
- 49,010
- Accepted, NGNm
- 40,000
- Bid cover
- 1.23×
- Source
- notice
- 20-year12.1493% FGN JUL 2034matures 18 Jul 2034
- Sale
- reopening
- Coupon
- 12.149%
- Rate
- 16.995%
- Bid range
- 15.85–19.00%
- Previous
- 15.850% 2015-02-11
- Change, bp
- +114.5
- Offered, NGNm
- 30,000
- Bids, NGNm
- 38,530
- Accepted, NGNm
- 31,000
- Bid cover
- 1.24×
- 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 | reopening | 15.540% | 16.499% | 14.00–17.49% | 15.540% 2015-02-11 | +95.9 | 35,000 | 31,610 | 20,000 | 1.58× | notice |
| 10-year14.20% FGN MAR 2024matures 14 Mar 2024 | reopening | 14.200% | 16.849% | 12.22–19.46% | 15.750% 2015-02-11 | +109.9 | 30,000 | 49,010 | 40,000 | 1.23× | notice |
| 20-year12.1493% FGN JUL 2034matures 18 Jul 2034 | reopening | 12.149% | 16.995% | 15.85–19.00% | 15.850% 2015-02-11 | +114.5 | 30,000 | 38,530 | 31,000 | 1.24× | 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 Mar 2015, compiled from the Debt Management Office, Nigeria. Retrieved 5 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2015-03-11