Nigeria government bonds · auction 12 Aug 2015 · NGN
Nigeria bond auction, 12 Aug 2015: 5-year at 15.39%
2 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
15.39%
Largest amount accepted at this auction
Change vs previous 5-year sale
+96 bp
14.43% on 17 Jun 2015
Accepted
NGN 70.0bn
Against NGN 70.0bn on offer
Bid cover
2.19×
Bids of NGN 153.5bn ÷ accepted
Results
Every line, 2 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
- 15.389%
- Bid range
- 12.00–16.50%
- Previous
- 14.429% 2015-06-17
- Change, bp
- +96
- Offered, NGNm
- 40,000
- Bids, NGNm
- 88,325
- Accepted, NGNm
- 40,000
- Bid cover
- 2.21×
- Source
- notice
- 20-year12.1493% FGN JUL 2034matures 18 Jul 2034
- Sale
- reopening
- Coupon
- 12.149%
- Rate
- 15.199%
- Bid range
- 14.00–17.20%
- Previous
- 14.249% 2015-06-17
- Change, bp
- +95
- Offered, NGNm
- 30,000
- Bids, NGNm
- 65,163
- Accepted, NGNm
- 30,000
- Bid cover
- 2.17×
- 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% | 15.389% | 12.00–16.50% | 14.429% 2015-06-17 | +96 | 40,000 | 88,325 | 40,000 | 2.21× | notice |
| 20-year12.1493% FGN JUL 2034matures 18 Jul 2034 | reopening | 12.149% | 15.199% | 14.00–17.20% | 14.249% 2015-06-17 | +95 | 30,000 | 65,163 | 30,000 | 2.17× | 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, 12 Aug 2015, compiled from the Debt Management Office, Nigeria. Retrieved 5 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2015-08-12