Nigeria government bonds · auction 14 Oct 2015 · NGN
Nigeria bond auction, 14 Oct 2015: 10-year at 13.87%
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: 10-year bond 14.20% FGN MAR 2024
13.87%
Largest amount accepted at this auction
Change vs previous 10-year sale
+37 bp
13.50% on 17 Jun 2015
Accepted
NGN 80.0bn
Against NGN 80.0bn on offer
Bid cover
2.31×
Bids of NGN 184.9bn ÷ 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
- 13.111%
- Bid range
- 12.00–16.00%
- Previous
- 15.950% 2015-09-16
- Change, bp
- −283.9
- Offered, NGNm
- 40,000
- Bids, NGNm
- 102,710
- Accepted, NGNm
- 40,000
- Bid cover
- 2.57×
- Source
- notice
- 10-year14.20% FGN MAR 2024matures 14 Mar 2024
- Sale
- reopening
- Coupon
- 14.200%
- Rate
- 13.870%
- Bid range
- 12.00–16.50%
- Previous
- 13.500% 2015-06-17
- Change, bp
- +37
- Offered, NGNm
- 40,000
- Bids, NGNm
- 82,170
- Accepted, NGNm
- 40,000
- Bid cover
- 2.05×
- 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% | 13.111% | 12.00–16.00% | 15.950% 2015-09-16 | −283.9 | 40,000 | 102,710 | 40,000 | 2.57× | notice |
| 10-year14.20% FGN MAR 2024matures 14 Mar 2024 | reopening | 14.200% | 13.870% | 12.00–16.50% | 13.500% 2015-06-17 | +37 | 40,000 | 82,170 | 40,000 | 2.05× | 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, 14 Oct 2015, compiled from the Debt Management Office, Nigeria. Retrieved 5 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2015-10-14