Nigeria government bonds · auction 16 Mar 2016 · NGN
Nigeria bond auction, 16 Mar 2016: 20-year at 12.40%
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 12.40% FGN MAR 2036
12.40%
Largest amount accepted at this auction
Change vs previous 20-year sale
−357 bp
15.97% on 16 Sep 2015
Accepted
NGN 100.0bn
Against NGN 100.0bn on offer
Bid cover
2.62×
Bids of NGN 262.4bn ÷ 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
- 11.334%
- Bid range
- 8.00–15.54%
- Previous
- 12.243% 2016-01-20
- Change, bp
- −90.9
- Offered, NGNm
- 20,000
- Bids, NGNm
- 72,559
- Accepted, NGNm
- 20,000
- Bid cover
- 3.63×
- Source
- notice
- 10-year12.50% FGN JAN 2026matures 22 Jan 2026
- Sale
- reopening
- Coupon
- 12.500%
- Rate
- 12.090%
- Bid range
- 11.00–13.75%
- Previous
- 12.500% 2016-01-20
- Change, bp
- −41
- Offered, NGNm
- 40,000
- Bids, NGNm
- 89,358
- Accepted, NGNm
- 40,000
- Bid cover
- 2.23×
- Source
- notice
- 20-year12.40% FGN MAR 2036matures 18 Mar 2036
- Sale
- new
- Coupon
- 12.400%
- Rate
- 12.400%
- Bid range
- 11.00–15.00%
- Previous
- 15.970% 2015-09-16
- Change, bp
- −357
- Offered, NGNm
- 40,000
- Bids, NGNm
- 100,529
- Accepted, NGNm
- 40,000
- Bid cover
- 2.51×
- 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% | 11.334% | 8.00–15.54% | 12.243% 2016-01-20 | −90.9 | 20,000 | 72,559 | 20,000 | 3.63× | notice |
| 10-year12.50% FGN JAN 2026matures 22 Jan 2026 | reopening | 12.500% | 12.090% | 11.00–13.75% | 12.500% 2016-01-20 | −41 | 40,000 | 89,358 | 40,000 | 2.23× | notice |
| 20-year12.40% FGN MAR 2036matures 18 Mar 2036 | new | 12.400% | 12.400% | 11.00–15.00% | 15.970% 2015-09-16 | −357 | 40,000 | 100,529 | 40,000 | 2.51× | notice |
Source notice: dmo.gov.ng. Compiled by Afronomics, data updated 2026-10-19. Information, not advice.
Data
Take the data with you
CSV
Every Nigeria bond auction we hold, one row per line. Latest 12 months free; full history with a key.
/api/data/bonds/nigeriaJSON API
This auction’s lines as JSON. Latest 12 months free; full history with a key.
/api/v1/bonds/nigeria?from=2016-03-16&to=2016-03-16For investment teams
A 30-day pilot: an API key with the full history of every market we cover, free.
Request a pilotCite or reuse this data
Free to quote, chart and republish with the credit “Source: Afronomics, compiled from the Debt Management Office, Nigeria” and a link to this page.
Afronomics (2026). Nigeria government bond auction, 16 Mar 2016, compiled from the Debt Management Office, Nigeria. Retrieved 5 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2016-03-16