Nigeria government bonds · auction 15 Feb 2017 · NGN
Nigeria bond auction, 15 Feb 2017: 20-year at 16.77%
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
16.77%
Largest amount accepted at this auction
Change vs previous 20-year sale
−22.2 bp
16.99% on 18 Jan 2017
Accepted
NGN 160.0bn
Against NGN 110.0bn on offer
Bid cover
2.11×
Bids of NGN 337.0bn ÷ 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
- 16.550%
- Bid range
- 12.00–17.34%
- Previous
- 16.899% 2017-01-18
- Change, bp
- −34.9
- Offered, NGNm
- 45,000
- Bids, NGNm
- 108,960
- Accepted, NGNm
- 60,000
- Bid cover
- 1.82×
- Source
- notice
- 10-year12.50% FGN JAN 2026matures 22 Jan 2026
- Sale
- reopening
- Coupon
- 12.500%
- Rate
- 16.612%
- Bid range
- 16.00–17.55%
- Previous
- 16.994% 2017-01-18
- Change, bp
- −38.3
- Offered, NGNm
- 20,000
- Bids, NGNm
- 88,170
- Accepted, NGNm
- 30,000
- Bid cover
- 2.94×
- Source
- notice
- 20-year12.40% FGN MAR 2036matures 18 Mar 2036
- Sale
- reopening
- Coupon
- 12.400%
- Rate
- 16.770%
- Bid range
- 12.00–18.00%
- Previous
- 16.992% 2017-01-18
- Change, bp
- −22.2
- Offered, NGNm
- 45,000
- Bids, NGNm
- 139,900
- Accepted, NGNm
- 70,000
- Bid cover
- 2.00×
- 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% | 16.550% | 12.00–17.34% | 16.899% 2017-01-18 | −34.9 | 45,000 | 108,960 | 60,000 | 1.82× | notice |
| 10-year12.50% FGN JAN 2026matures 22 Jan 2026 | reopening | 12.500% | 16.612% | 16.00–17.55% | 16.994% 2017-01-18 | −38.3 | 20,000 | 88,170 | 30,000 | 2.94× | notice |
| 20-year12.40% FGN MAR 2036matures 18 Mar 2036 | reopening | 12.400% | 16.770% | 12.00–18.00% | 16.992% 2017-01-18 | −22.2 | 45,000 | 139,900 | 70,000 | 2.00× | 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 Feb 2017, compiled from the Debt Management Office, Nigeria. Retrieved 5 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2017-02-15