Nigeria government bonds · auction 21 Jun 2017 · NGN
Nigeria bond auction, 21 Jun 2017: 20-year at 16.20%
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 16.2499% FGN APR 2037
16.20%
Largest amount accepted at this auction
Change vs previous 20-year sale
−10.2 bp
16.30% on 10 May 2017
Accepted
NGN 99.3bn
Against NGN 140.0bn on offer
Bid cover
1.59×
Bids of NGN 158.1bn ÷ 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
- 16.190%
- Bid range
- 15.78–18.90%
- Previous
- 16.300% 2017-05-10
- Change, bp
- −11
- Offered, NGNm
- 40,000
- Bids, NGNm
- 12,520
- Accepted, NGNm
- 4,220
- Bid cover
- 2.97×
- Source
- notice
- 10-year16.2884% FGN MAR 2027matures 17 Mar 2027
- Sale
- reopening
- Coupon
- 16.288%
- Rate
- 16.190%
- Bid range
- 15.25–19.80%
- Previous
- 16.290% 2017-05-10
- Change, bp
- −10
- Offered, NGNm
- 50,000
- Bids, NGNm
- 57,350
- Accepted, NGNm
- 30,250
- Bid cover
- 1.90×
- Source
- notice
- 20-year16.2499% FGN APR 2037matures 18 Apr 2037
- Sale
- reopening
- Coupon
- 16.250%
- Rate
- 16.197%
- Bid range
- 15.25–20.56%
- Previous
- 16.299% 2017-05-10
- Change, bp
- −10.2
- Offered, NGNm
- 50,000
- Bids, NGNm
- 88,240
- Accepted, NGNm
- 64,790
- Bid cover
- 1.36×
- 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% | 16.190% | 15.78–18.90% | 16.300% 2017-05-10 | −11 | 40,000 | 12,520 | 4,220 | 2.97× | notice |
| 10-year16.2884% FGN MAR 2027matures 17 Mar 2027 | reopening | 16.288% | 16.190% | 15.25–19.80% | 16.290% 2017-05-10 | −10 | 50,000 | 57,350 | 30,250 | 1.90× | notice |
| 20-year16.2499% FGN APR 2037matures 18 Apr 2037 | reopening | 16.250% | 16.197% | 15.25–20.56% | 16.299% 2017-05-10 | −10.2 | 50,000 | 88,240 | 64,790 | 1.36× | 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, 21 Jun 2017, compiled from the Debt Management Office, Nigeria. Retrieved 5 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2017-06-21