Nigeria government bonds · auction 15 Mar 2017 · NGN
Nigeria bond auction, 15 Mar 2017: 20-year at 16.28%
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
16.28%
Largest amount accepted at this auction
Change vs previous 20-year sale
−49 bp
16.77% on 15 Feb 2017
Accepted
NGN 160.0bn
Against NGN 130.0bn on offer
Bid cover
1.35×
Bids of NGN 216.4bn ÷ 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
- 16.240%
- Bid range
- 15.81–16.95%
- Previous
- 16.550% 2017-02-15
- Change, bp
- −31
- Offered, NGNm
- 45,000
- Bids, NGNm
- 38,210
- Accepted, NGNm
- 30,000
- Bid cover
- 1.27×
- Source
- notice
- 10-year16.2884% FGN MAR 2027matures 17 Mar 2027
- Sale
- new
- Coupon
- 16.288%
- Rate
- 16.288%
- Bid range
- 15.50–16.89%
- Previous
- 16.612% 2017-02-15
- Change, bp
- −32.4
- Offered, NGNm
- 50,000
- Bids, NGNm
- 75,990
- Accepted, NGNm
- 50,000
- Bid cover
- 1.52×
- Source
- notice
- 20-year12.40% FGN MAR 2036matures 18 Mar 2036
- Sale
- reopening
- Coupon
- 12.400%
- Rate
- 16.280%
- Bid range
- 15.50–17.05%
- Previous
- 16.770% 2017-02-15
- Change, bp
- −49
- Offered, NGNm
- 35,000
- Bids, NGNm
- 102,180
- Accepted, NGNm
- 80,000
- Bid cover
- 1.28×
- 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% | 16.240% | 15.81–16.95% | 16.550% 2017-02-15 | −31 | 45,000 | 38,210 | 30,000 | 1.27× | notice |
| 10-year16.2884% FGN MAR 2027matures 17 Mar 2027 | new | 16.288% | 16.288% | 15.50–16.89% | 16.612% 2017-02-15 | −32.4 | 50,000 | 75,990 | 50,000 | 1.52× | notice |
| 20-year12.40% FGN MAR 2036matures 18 Mar 2036 | reopening | 12.400% | 16.280% | 15.50–17.05% | 16.770% 2017-02-15 | −49 | 35,000 | 102,180 | 80,000 | 1.28× | 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 Mar 2017, compiled from the Debt Management Office, Nigeria. Retrieved 5 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2017-03-15