Nigeria government bonds · auction 15 Jun 2016 · NGN
Nigeria bond auction, 15 Jun 2016: 20-year at 14.98%
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
14.98%
Largest amount accepted at this auction
Change vs previous 20-year sale
+108 bp
13.90% on 11 May 2016
Accepted
NGN 112.0bn
Against NGN 105.0bn on offer
Bid cover
1.53×
Bids of NGN 171.9bn ÷ 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
- 14.200%
- Bid range
- 10.00–17.00%
- Previous
- 13.249% 2016-05-11
- Change, bp
- +95.1
- Offered, NGNm
- 15,000
- Bids, NGNm
- 32,880
- Accepted, NGNm
- 22,000
- Bid cover
- 1.49×
- Source
- notice
- 10-year12.50% FGN JAN 2026matures 22 Jan 2026
- Sale
- reopening
- Coupon
- 12.500%
- Rate
- 14.400%
- Bid range
- 13.00–17.00%
- Previous
- 13.743% 2016-05-11
- Change, bp
- +65.7
- Offered, NGNm
- 40,000
- Bids, NGNm
- 66,860
- Accepted, NGNm
- 40,000
- Bid cover
- 1.67×
- Source
- notice
- 20-year12.40% FGN MAR 2036matures 18 Mar 2036
- Sale
- reopening
- Coupon
- 12.400%
- Rate
- 14.980%
- Bid range
- 11.00–17.00%
- Previous
- 13.900% 2016-05-11
- Change, bp
- +108
- Offered, NGNm
- 50,000
- Bids, NGNm
- 72,130
- Accepted, NGNm
- 50,000
- Bid cover
- 1.44×
- 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% | 14.200% | 10.00–17.00% | 13.249% 2016-05-11 | +95.1 | 15,000 | 32,880 | 22,000 | 1.49× | notice |
| 10-year12.50% FGN JAN 2026matures 22 Jan 2026 | reopening | 12.500% | 14.400% | 13.00–17.00% | 13.743% 2016-05-11 | +65.7 | 40,000 | 66,860 | 40,000 | 1.67× | notice |
| 20-year12.40% FGN MAR 2036matures 18 Mar 2036 | reopening | 12.400% | 14.980% | 11.00–17.00% | 13.900% 2016-05-11 | +108 | 50,000 | 72,130 | 50,000 | 1.44× | 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, 15 Jun 2016, compiled from the Debt Management Office, Nigeria. Retrieved 5 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2016-06-15