Nigeria government bonds · auction 20 Jan 2016 · NGN
Nigeria bond auction, 20 Jan 2016: 5-year at 12.24%
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
12.24%
Largest amount accepted at this auction
Change vs previous 5-year sale
+199.4 bp
10.25% on 11 Nov 2015
Accepted
NGN 75.0bn
Against NGN 80.0bn on offer
Bid cover
1.99×
Bids of NGN 149.4bn ÷ 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
- 12.243%
- Bid range
- 10.00–15.54%
- Previous
- 10.249% 2015-11-11
- Change, bp
- +199.4
- Offered, NGNm
- 40,000
- Bids, NGNm
- 74,440
- Accepted, NGNm
- 40,000
- Bid cover
- 1.86×
- Source
- notice
- 10-year12.50% FGN JAN 2026matures 22 Jan 2026
- Sale
- new
- Coupon
- 12.500%
- Rate
- 12.500%
- Bid range
- 5.79–15.00%
- Previous
- 10.010% 2015-11-11
- Change, bp
- +249
- Offered, NGNm
- 40,000
- Bids, NGNm
- 74,990
- Accepted, NGNm
- 35,000
- Bid cover
- 2.14×
- 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% | 12.243% | 10.00–15.54% | 10.249% 2015-11-11 | +199.4 | 40,000 | 74,440 | 40,000 | 1.86× | notice |
| 10-year12.50% FGN JAN 2026matures 22 Jan 2026 | new | 12.500% | 12.500% | 5.79–15.00% | 10.010% 2015-11-11 | +249 | 40,000 | 74,990 | 35,000 | 2.14× | 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, 20 Jan 2016, compiled from the Debt Management Office, Nigeria. Retrieved 5 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2016-01-20