Nigeria government bonds · auction 13 Apr 2016 · NGN
Nigeria bond auction, 13 Apr 2016: 20-year at 13.08%
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
13.08%
Largest amount accepted at this auction
Change vs previous 20-year sale
+68 bp
12.40% on 16 Mar 2016
Accepted
NGN 100.0bn
Against NGN 110.0bn on offer
Bid cover
2.07×
Bids of NGN 206.7bn ÷ 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
- 12.000%
- Bid range
- 10.00–18.00%
- Previous
- 11.334% 2016-03-16
- Change, bp
- +66.6
- Offered, NGNm
- 20,000
- Bids, NGNm
- 58,529
- Accepted, NGNm
- 20,000
- Bid cover
- 2.93×
- Source
- notice
- 10-year12.50% FGN JAN 2026matures 22 Jan 2026
- Sale
- reopening
- Coupon
- 12.500%
- Rate
- 12.600%
- Bid range
- 10.00–18.00%
- Previous
- 12.090% 2016-03-16
- Change, bp
- +51
- Offered, NGNm
- 40,000
- Bids, NGNm
- 78,591
- Accepted, NGNm
- 40,000
- Bid cover
- 1.96×
- Source
- notice
- 20-year12.40% FGN MAR 2036matures 18 Mar 2036
- Sale
- reopening
- Coupon
- 12.400%
- Rate
- 13.080%
- Bid range
- 11.00–18.00%
- Previous
- 12.400% 2016-03-16
- Change, bp
- +68
- Offered, NGNm
- 50,000
- Bids, NGNm
- 69,609
- Accepted, NGNm
- 40,000
- Bid cover
- 1.74×
- 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% | 12.000% | 10.00–18.00% | 11.334% 2016-03-16 | +66.6 | 20,000 | 58,529 | 20,000 | 2.93× | notice |
| 10-year12.50% FGN JAN 2026matures 22 Jan 2026 | reopening | 12.500% | 12.600% | 10.00–18.00% | 12.090% 2016-03-16 | +51 | 40,000 | 78,591 | 40,000 | 1.96× | notice |
| 20-year12.40% FGN MAR 2036matures 18 Mar 2036 | reopening | 12.400% | 13.080% | 11.00–18.00% | 12.400% 2016-03-16 | +68 | 50,000 | 69,609 | 40,000 | 1.74× | 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 Apr 2016, compiled from the Debt Management Office, Nigeria. Retrieved 5 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2016-04-13