Nigeria government bonds · auction 23 Aug 2017 · NGN
Nigeria bond auction, 23 Aug 2017: 20-year at 16.90%
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
16.90%
Largest amount accepted at this auction
Change vs previous 20-year sale
+64.9 bp
16.25% on 12 Jul 2017
Accepted
NGN 56.1bn
Against NGN 135.0bn on offer
Bid cover
1.14×
Bids of NGN 63.7bn ÷ 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
- 16.800%
- Bid range
- 16.20–17.01%
- Previous
- 16.240% 2017-07-12
- Change, bp
- +56
- Offered, NGNm
- 35,000
- Bids, NGNm
- 10,380
- Accepted, NGNm
- 9,180
- Bid cover
- 1.13×
- Source
- notice
- 10-year16.2884% FGN MAR 2027matures 17 Mar 2027
- Sale
- reopening
- Coupon
- 16.288%
- Rate
- 16.800%
- Bid range
- 15.80–17.04%
- Previous
- 16.250% 2017-07-12
- Change, bp
- +55
- Offered, NGNm
- 50,000
- Bids, NGNm
- 19,910
- Accepted, NGNm
- 17,510
- Bid cover
- 1.14×
- Source
- notice
- 20-year16.2499% FGN APR 2037matures 18 Apr 2037
- Sale
- reopening
- Coupon
- 16.250%
- Rate
- 16.900%
- Bid range
- 15.80–17.25%
- Previous
- 16.251% 2017-07-12
- Change, bp
- +64.9
- Offered, NGNm
- 50,000
- Bids, NGNm
- 33,360
- Accepted, NGNm
- 29,360
- Bid cover
- 1.14×
- 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% | 16.800% | 16.20–17.01% | 16.240% 2017-07-12 | +56 | 35,000 | 10,380 | 9,180 | 1.13× | notice |
| 10-year16.2884% FGN MAR 2027matures 17 Mar 2027 | reopening | 16.288% | 16.800% | 15.80–17.04% | 16.250% 2017-07-12 | +55 | 50,000 | 19,910 | 17,510 | 1.14× | notice |
| 20-year16.2499% FGN APR 2037matures 18 Apr 2037 | reopening | 16.250% | 16.900% | 15.80–17.25% | 16.251% 2017-07-12 | +64.9 | 50,000 | 33,360 | 29,360 | 1.14× | 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, 23 Aug 2017, compiled from the Debt Management Office, Nigeria. Retrieved 5 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2017-08-23