Nigeria government bonds · auction 17 Aug 2016 · NGN
Nigeria bond auction, 17 Aug 2016: 20-year at 15.53%
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
15.53%
Largest amount accepted at this auction
Change vs previous 20-year sale
+55 bp
14.98% on 15 Jun 2016
Accepted
NGN 110.0bn
Against NGN 110.0bn on offer
Bid cover
1.91×
Bids of NGN 210.3bn ÷ 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-year14.50% FGN JUL 2021matures 15 Jul 2021
- Sale
- reopening
- Coupon
- 14.500%
- Rate
- 15.080%
- Bid range
- 10.00–19.00%
- Previous
- 14.200% 2016-06-15
- Change, bp
- +88
- Offered, NGNm
- 40,000
- Bids, NGNm
- 74,370
- Accepted, NGNm
- 40,000
- Bid cover
- 1.86×
- Source
- notice
- 10-year12.50% FGN JAN 2026matures 22 Jan 2026
- Sale
- reopening
- Coupon
- 12.500%
- Rate
- 15.285%
- Bid range
- 12.50–17.00%
- Previous
- 14.400% 2016-06-15
- Change, bp
- +88.5
- Offered, NGNm
- 30,000
- Bids, NGNm
- 71,060
- Accepted, NGNm
- 30,000
- Bid cover
- 2.37×
- Source
- notice
- 20-year12.40% FGN MAR 2036matures 18 Mar 2036
- Sale
- reopening
- Coupon
- 12.400%
- Rate
- 15.530%
- Bid range
- 12.00–18.50%
- Previous
- 14.980% 2016-06-15
- Change, bp
- +55
- Offered, NGNm
- 40,000
- Bids, NGNm
- 64,860
- Accepted, NGNm
- 40,000
- Bid cover
- 1.62×
- Source
- notice
| Bond | Sale | Coupon | Rate | Bid range | Previous | Change, bp | Offered, NGNm | Bids, NGNm | Accepted, NGNm | Bid cover | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 5-year14.50% FGN JUL 2021matures 15 Jul 2021 | reopening | 14.500% | 15.080% | 10.00–19.00% | 14.200% 2016-06-15 | +88 | 40,000 | 74,370 | 40,000 | 1.86× | notice |
| 10-year12.50% FGN JAN 2026matures 22 Jan 2026 | reopening | 12.500% | 15.285% | 12.50–17.00% | 14.400% 2016-06-15 | +88.5 | 30,000 | 71,060 | 30,000 | 2.37× | notice |
| 20-year12.40% FGN MAR 2036matures 18 Mar 2036 | reopening | 12.400% | 15.530% | 12.00–18.50% | 14.980% 2016-06-15 | +55 | 40,000 | 64,860 | 40,000 | 1.62× | 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, 17 Aug 2016, compiled from the Debt Management Office, Nigeria. Retrieved 5 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2016-08-17