Nigeria government bonds · auction 16 Nov 2016 · NGN
Nigeria bond auction, 16 Nov 2016: 20-year at 15.95%
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
15.95%
Largest amount accepted at this auction
Change vs previous 20-year sale
+42 bp
15.53% on 17 Aug 2016
Accepted
NGN 39.0bn
Against NGN 95.0bn on offer
Bid cover
1.58×
Bids of NGN 61.7bn ÷ 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-year14.50% FGN JUL 2021matures 15 Jul 2021
- Sale
- reopening
- Coupon
- 14.500%
- Rate
- 15.489%
- Bid range
- 12.00–18.00%
- Previous
- 15.080% 2016-08-17
- Change, bp
- +40.9
- Offered, NGNm
- 35,000
- Bids, NGNm
- 16,460
- Accepted, NGNm
- 5,000
- Bid cover
- 3.29×
- Source
- notice
- 10-year12.50% FGN JAN 2026matures 22 Jan 2026
- Sale
- reopening
- Coupon
- 12.500%
- Rate
- 15.980%
- Bid range
- 15.08–18.00%
- Previous
- 15.285% 2016-08-17
- Change, bp
- +69.5
- Offered, NGNm
- 25,000
- Bids, NGNm
- 17,510
- Accepted, NGNm
- 14,000
- Bid cover
- 1.25×
- Source
- notice
- 20-year12.40% FGN MAR 2036matures 18 Mar 2036
- Sale
- reopening
- Coupon
- 12.400%
- Rate
- 15.950%
- Bid range
- 14.00–18.00%
- Previous
- 15.530% 2016-08-17
- Change, bp
- +42
- Offered, NGNm
- 35,000
- Bids, NGNm
- 27,720
- Accepted, NGNm
- 20,000
- Bid cover
- 1.39×
- 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% | 15.489% | 12.00–18.00% | 15.080% 2016-08-17 | +40.9 | 35,000 | 16,460 | 5,000 | 3.29× | notice |
| 10-year12.50% FGN JAN 2026matures 22 Jan 2026 | reopening | 12.500% | 15.980% | 15.08–18.00% | 15.285% 2016-08-17 | +69.5 | 25,000 | 17,510 | 14,000 | 1.25× | notice |
| 20-year12.40% FGN MAR 2036matures 18 Mar 2036 | reopening | 12.400% | 15.950% | 14.00–18.00% | 15.530% 2016-08-17 | +42 | 35,000 | 27,720 | 20,000 | 1.39× | 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, 16 Nov 2016, compiled from the Debt Management Office, Nigeria. Retrieved 5 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2016-11-16