Nigeria government bonds · auction 14 Dec 2016 · NGN
Nigeria bond auction, 14 Dec 2016: 20-year at 16.43%
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
16.43%
Largest amount accepted at this auction
Change vs previous 20-year sale
+48.5 bp
15.95% on 16 Nov 2016
Accepted
NGN 69.2bn
Against NGN 95.0bn on offer
Bid cover
1.49×
Bids of NGN 102.8bn ÷ 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
- 15.990%
- Bid range
- 12.00–19.00%
- Previous
- 15.489% 2016-11-16
- Change, bp
- +50.1
- Offered, NGNm
- 35,000
- Bids, NGNm
- 12,230
- Accepted, NGNm
- 3,200
- Bid cover
- 3.82×
- Source
- notice
- 10-year12.50% FGN JAN 2026matures 22 Jan 2026
- Sale
- reopening
- Coupon
- 12.500%
- Rate
- 16.240%
- Bid range
- 15.56–18.00%
- Previous
- 15.980% 2016-11-16
- Change, bp
- +26
- Offered, NGNm
- 25,000
- Bids, NGNm
- 38,540
- Accepted, NGNm
- 25,000
- Bid cover
- 1.54×
- Source
- notice
- 20-year12.40% FGN MAR 2036matures 18 Mar 2036
- Sale
- reopening
- Coupon
- 12.400%
- Rate
- 16.435%
- Bid range
- 12.00–17.30%
- Previous
- 15.950% 2016-11-16
- Change, bp
- +48.5
- Offered, NGNm
- 35,000
- Bids, NGNm
- 52,070
- Accepted, NGNm
- 41,000
- Bid cover
- 1.27×
- 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% | 15.990% | 12.00–19.00% | 15.489% 2016-11-16 | +50.1 | 35,000 | 12,230 | 3,200 | 3.82× | notice |
| 10-year12.50% FGN JAN 2026matures 22 Jan 2026 | reopening | 12.500% | 16.240% | 15.56–18.00% | 15.980% 2016-11-16 | +26 | 25,000 | 38,540 | 25,000 | 1.54× | notice |
| 20-year12.40% FGN MAR 2036matures 18 Mar 2036 | reopening | 12.400% | 16.435% | 12.00–17.30% | 15.950% 2016-11-16 | +48.5 | 35,000 | 52,070 | 41,000 | 1.27× | 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, 14 Dec 2016, compiled from the Debt Management Office, Nigeria. Retrieved 5 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2016-12-14