Nigeria government bonds · auction 27 Sep 2017 · NGN
Nigeria bond auction, 27 Sep 2017: 20-year at 15.92%
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
15.92%
Largest amount accepted at this auction
Change vs previous 20-year sale
−98 bp
16.90% on 23 Aug 2017
Accepted
NGN 243.8bn
Against NGN 135.0bn on offer
Bid cover
1.62×
Bids of NGN 394.9bn ÷ 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
- 15.990%
- Bid range
- 15.00–16.79%
- Previous
- 16.800% 2017-08-23
- Change, bp
- −81
- Offered, NGNm
- 35,000
- Bids, NGNm
- 50,280
- Accepted, NGNm
- 35,260
- Bid cover
- 1.43×
- Source
- notice
- 10-year16.2884% FGN MAR 2027matures 17 Mar 2027
- Sale
- reopening
- Coupon
- 16.288%
- Rate
- 15.900%
- Bid range
- 15.00–16.99%
- Previous
- 16.800% 2017-08-23
- Change, bp
- −90
- Offered, NGNm
- 50,000
- Bids, NGNm
- 127,600
- Accepted, NGNm
- 76,930
- Bid cover
- 1.66×
- Source
- notice
- 20-year16.2499% FGN APR 2037matures 18 Apr 2037
- Sale
- reopening
- Coupon
- 16.250%
- Rate
- 15.920%
- Bid range
- 15.00–16.99%
- Previous
- 16.900% 2017-08-23
- Change, bp
- −98
- Offered, NGNm
- 50,000
- Bids, NGNm
- 216,970
- Accepted, NGNm
- 131,590
- Bid cover
- 1.65×
- 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% | 15.990% | 15.00–16.79% | 16.800% 2017-08-23 | −81 | 35,000 | 50,280 | 35,260 | 1.43× | notice |
| 10-year16.2884% FGN MAR 2027matures 17 Mar 2027 | reopening | 16.288% | 15.900% | 15.00–16.99% | 16.800% 2017-08-23 | −90 | 50,000 | 127,600 | 76,930 | 1.66× | notice |
| 20-year16.2499% FGN APR 2037matures 18 Apr 2037 | reopening | 16.250% | 15.920% | 15.00–16.99% | 16.900% 2017-08-23 | −98 | 50,000 | 216,970 | 131,590 | 1.65× | 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, 27 Sep 2017, compiled from the Debt Management Office, Nigeria. Retrieved 5 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2017-09-27