Nigeria government bonds · auction 13 May 2015 · NGN
Nigeria bond auction, 13 May 2015: 20-year at 13.88%
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
13.88%
Largest amount accepted at this auction
Change vs previous 20-year sale
−57.9 bp
14.46% on 15 Apr 2015
Accepted
NGN 60.0bn
Against NGN 60.0bn on offer
Bid cover
3.06×
Bids of NGN 183.4bn ÷ 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
- 13.845%
- Bid range
- 11.00–16.50%
- Previous
- 14.449% 2015-04-15
- Change, bp
- −60.4
- Offered, NGNm
- 20,000
- Bids, NGNm
- 42,550
- Accepted, NGNm
- 20,000
- Bid cover
- 2.13×
- Source
- notice
- 10-year14.20% FGN MAR 2024matures 14 Mar 2024
- Sale
- reopening
- Coupon
- 14.200%
- Rate
- 13.480%
- Bid range
- 10.59–16.70%
- Previous
- 14.225% 2015-04-15
- Change, bp
- −74.5
- Offered, NGNm
- 20,000
- Bids, NGNm
- 81,680
- Accepted, NGNm
- 20,000
- Bid cover
- 4.08×
- Source
- notice
- 20-year12.1493% FGN JUL 2034matures 18 Jul 2034
- Sale
- reopening
- Coupon
- 12.149%
- Rate
- 13.880%
- Bid range
- 13.18–17.00%
- Previous
- 14.459% 2015-04-15
- Change, bp
- −57.9
- Offered, NGNm
- 20,000
- Bids, NGNm
- 59,140
- Accepted, NGNm
- 20,000
- Bid cover
- 2.96×
- 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% | 13.845% | 11.00–16.50% | 14.449% 2015-04-15 | −60.4 | 20,000 | 42,550 | 20,000 | 2.13× | notice |
| 10-year14.20% FGN MAR 2024matures 14 Mar 2024 | reopening | 14.200% | 13.480% | 10.59–16.70% | 14.225% 2015-04-15 | −74.5 | 20,000 | 81,680 | 20,000 | 4.08× | notice |
| 20-year12.1493% FGN JUL 2034matures 18 Jul 2034 | reopening | 12.149% | 13.880% | 13.18–17.00% | 14.459% 2015-04-15 | −57.9 | 20,000 | 59,140 | 20,000 | 2.96× | 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 May 2015, compiled from the Debt Management Office, Nigeria. Retrieved 5 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2015-05-13