Nigeria government bonds · auction 11 May 2016 · NGN
Nigeria bond auction, 11 May 2016: 20-year at 13.90%
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
13.90%
Largest amount accepted at this auction
Change vs previous 20-year sale
+82 bp
13.08% on 13 Apr 2016
Accepted
NGN 52.5bn
Against NGN 105.0bn on offer
Bid cover
3.04×
Bids of NGN 159.6bn ÷ 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
- 13.249%
- Bid range
- 10.99–18.00%
- Previous
- 12.000% 2016-04-13
- Change, bp
- +124.9
- Offered, NGNm
- 15,000
- Bids, NGNm
- 35,400
- Accepted, NGNm
- 7,500
- Bid cover
- 4.72×
- Source
- notice
- 10-year12.50% FGN JAN 2026matures 22 Jan 2026
- Sale
- reopening
- Coupon
- 12.500%
- Rate
- 13.743%
- Bid range
- 11.00–18.00%
- Previous
- 12.600% 2016-04-13
- Change, bp
- +114.3
- Offered, NGNm
- 40,000
- Bids, NGNm
- 51,710
- Accepted, NGNm
- 20,000
- Bid cover
- 2.59×
- Source
- notice
- 20-year12.40% FGN MAR 2036matures 18 Mar 2036
- Sale
- reopening
- Coupon
- 12.400%
- Rate
- 13.900%
- Bid range
- 11.00–18.00%
- Previous
- 13.080% 2016-04-13
- Change, bp
- +82
- Offered, NGNm
- 50,000
- Bids, NGNm
- 72,490
- Accepted, NGNm
- 25,000
- Bid cover
- 2.90×
- 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% | 13.249% | 10.99–18.00% | 12.000% 2016-04-13 | +124.9 | 15,000 | 35,400 | 7,500 | 4.72× | notice |
| 10-year12.50% FGN JAN 2026matures 22 Jan 2026 | reopening | 12.500% | 13.743% | 11.00–18.00% | 12.600% 2016-04-13 | +114.3 | 40,000 | 51,710 | 20,000 | 2.59× | notice |
| 20-year12.40% FGN MAR 2036matures 18 Mar 2036 | reopening | 12.400% | 13.900% | 11.00–18.00% | 13.080% 2016-04-13 | +82 | 50,000 | 72,490 | 25,000 | 2.90× | 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, 11 May 2016, compiled from the Debt Management Office, Nigeria. Retrieved 5 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2016-05-11