Nigeria government bonds · auction 18 Jan 2017 · NGN
Nigeria bond auction, 18 Jan 2017: 20-year at 16.99%
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
16.99%
Largest amount accepted at this auction
Change vs previous 20-year sale
+55.7 bp
16.43% on 14 Dec 2016
Accepted
NGN 215.0bn
Against NGN 130.0bn on offer
Bid cover
1.09×
Bids of NGN 235.1bn ÷ 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
- 16.899%
- Bid range
- 15.00–17.26%
- Previous
- 15.990% 2016-12-14
- Change, bp
- +90.9
- Offered, NGNm
- 40,000
- Bids, NGNm
- 39,150
- Accepted, NGNm
- 34,950
- Bid cover
- 1.12×
- Source
- notice
- 10-year12.50% FGN JAN 2026matures 22 Jan 2026
- Sale
- reopening
- Coupon
- 12.500%
- Rate
- 16.994%
- Bid range
- 16.00–18.00%
- Previous
- 16.240% 2016-12-14
- Change, bp
- +75.5
- Offered, NGNm
- 50,000
- Bids, NGNm
- 83,000
- Accepted, NGNm
- 74,900
- Bid cover
- 1.11×
- Source
- notice
- 20-year12.40% FGN MAR 2036matures 18 Mar 2036
- Sale
- reopening
- Coupon
- 12.400%
- Rate
- 16.992%
- Bid range
- 14.00–18.00%
- Previous
- 16.435% 2016-12-14
- Change, bp
- +55.7
- Offered, NGNm
- 40,000
- Bids, NGNm
- 112,900
- Accepted, NGNm
- 105,100
- Bid cover
- 1.07×
- 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% | 16.899% | 15.00–17.26% | 15.990% 2016-12-14 | +90.9 | 40,000 | 39,150 | 34,950 | 1.12× | notice |
| 10-year12.50% FGN JAN 2026matures 22 Jan 2026 | reopening | 12.500% | 16.994% | 16.00–18.00% | 16.240% 2016-12-14 | +75.5 | 50,000 | 83,000 | 74,900 | 1.11× | notice |
| 20-year12.40% FGN MAR 2036matures 18 Mar 2036 | reopening | 12.400% | 16.992% | 14.00–18.00% | 16.435% 2016-12-14 | +55.7 | 40,000 | 112,900 | 105,100 | 1.07× | notice |
Source notice: dmo.gov.ng. Compiled by Afronomics, data updated 2026-10-19. Information, not advice.
Data
Take the data with you
CSV
Every Nigeria bond auction we hold, one row per line. Latest 12 months free; full history with a key.
/api/data/bonds/nigeriaJSON API
This auction’s lines as JSON. Latest 12 months free; full history with a key.
/api/v1/bonds/nigeria?from=2017-01-18&to=2017-01-18For investment teams
A 30-day pilot: an API key with the full history of every market we cover, free.
Request a pilotCite or reuse this data
Free to quote, chart and republish with the credit “Source: Afronomics, compiled from the Debt Management Office, Nigeria” and a link to this page.
Afronomics (2026). Nigeria government bond auction, 18 Jan 2017, compiled from the Debt Management Office, Nigeria. Retrieved 5 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2017-01-18