Nigeria government bonds · auction 15 Apr 2015 · NGN
Nigeria bond auction, 15 Apr 2015: 20-year at 14.46%
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: 20-year bond 12.1493% FGN JUL 2034
14.46%
Largest amount accepted at this auction
Change vs previous 20-year sale
−253.6 bp
16.99% on 11 Mar 2015
Accepted
NGN 70.0bn
Against NGN 70.0bn on offer
Bid cover
2.65×
Bids of NGN 185.6bn ÷ 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
- reopening
- Coupon
- 15.540%
- Rate
- 14.449%
- Bid range
- 12.00–16.50%
- Previous
- 16.499% 2015-03-11
- Change, bp
- −205
- Offered, NGNm
- 30,000
- Bids, NGNm
- 45,930
- Accepted, NGNm
- 20,000
- Bid cover
- 2.30×
- Source
- notice
- 10-year14.20% FGN MAR 2024matures 14 Mar 2024
- Sale
- reopening
- Coupon
- 14.200%
- Rate
- 14.225%
- Bid range
- 13.22–16.67%
- Previous
- 16.849% 2015-03-11
- Change, bp
- −262.4
- Offered, NGNm
- 20,000
- Bids, NGNm
- 69,480
- Accepted, NGNm
- 25,000
- Bid cover
- 2.78×
- Source
- notice
- 20-year12.1493% FGN JUL 2034matures 18 Jul 2034
- Sale
- reopening
- Coupon
- 12.149%
- Rate
- 14.459%
- Bid range
- 13.50–17.00%
- Previous
- 16.995% 2015-03-11
- Change, bp
- −253.6
- Offered, NGNm
- 20,000
- Bids, NGNm
- 70,210
- Accepted, NGNm
- 25,000
- Bid cover
- 2.81×
- 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% | 14.449% | 12.00–16.50% | 16.499% 2015-03-11 | −205 | 30,000 | 45,930 | 20,000 | 2.30× | notice |
| 10-year14.20% FGN MAR 2024matures 14 Mar 2024 | reopening | 14.200% | 14.225% | 13.22–16.67% | 16.849% 2015-03-11 | −262.4 | 20,000 | 69,480 | 25,000 | 2.78× | notice |
| 20-year12.1493% FGN JUL 2034matures 18 Jul 2034 | reopening | 12.149% | 14.459% | 13.50–17.00% | 16.995% 2015-03-11 | −253.6 | 20,000 | 70,210 | 25,000 | 2.81× | 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 Apr 2015, compiled from the Debt Management Office, Nigeria. Retrieved 5 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2015-04-15