Nigeria government bonds · auction 12 Jul 2017 · NGN
Nigeria bond auction, 12 Jul 2017: 20-year at 16.25%
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
16.25%
Largest amount accepted at this auction
Change vs previous 20-year sale
+5.5 bp
16.20% on 21 Jun 2017
Accepted
NGN 106.0bn
Against NGN 135.0bn on offer
Bid cover
1.22×
Bids of NGN 129.2bn ÷ 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
- 15.85–17.50%
- Previous
- 16.190% 2017-06-21
- Change, bp
- +5
- Offered, NGNm
- 35,000
- Bids, NGNm
- 9,100
- Accepted, NGNm
- 3,900
- Bid cover
- 2.33×
- Source
- notice
- 10-year16.2884% FGN MAR 2027matures 17 Mar 2027
- Sale
- reopening
- Coupon
- 16.288%
- Rate
- 16.250%
- Bid range
- 15.50–17.50%
- Previous
- 16.190% 2017-06-21
- Change, bp
- +6
- Offered, NGNm
- 50,000
- Bids, NGNm
- 55,310
- Accepted, NGNm
- 47,010
- Bid cover
- 1.18×
- Source
- notice
- 20-year16.2499% FGN APR 2037matures 18 Apr 2037
- Sale
- reopening
- Coupon
- 16.250%
- Rate
- 16.251%
- Bid range
- 15.50–17.50%
- Previous
- 16.197% 2017-06-21
- Change, bp
- +5.5
- Offered, NGNm
- 50,000
- Bids, NGNm
- 64,750
- Accepted, NGNm
- 55,050
- Bid cover
- 1.18×
- 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% | 15.85–17.50% | 16.190% 2017-06-21 | +5 | 35,000 | 9,100 | 3,900 | 2.33× | notice |
| 10-year16.2884% FGN MAR 2027matures 17 Mar 2027 | reopening | 16.288% | 16.250% | 15.50–17.50% | 16.190% 2017-06-21 | +6 | 50,000 | 55,310 | 47,010 | 1.18× | notice |
| 20-year16.2499% FGN APR 2037matures 18 Apr 2037 | reopening | 16.250% | 16.251% | 15.50–17.50% | 16.197% 2017-06-21 | +5.5 | 50,000 | 64,750 | 55,050 | 1.18× | 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, 12 Jul 2017, compiled from the Debt Management Office, Nigeria. Retrieved 5 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2017-07-12