Nigeria government bonds · auction 25 Oct 2017 · NGN
Nigeria bond auction, 25 Oct 2017: 10-year at 15.00%
2 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: 10-year bond 16.2884% FGN MAR 2027
15.00%
Largest amount accepted at this auction
Change vs previous 10-year sale
−90 bp
15.90% on 27 Sep 2017
Accepted
NGN 100.0bn
Against NGN 100.0bn on offer
Bid cover
1.66×
Bids of NGN 166.3bn ÷ accepted
Results
Every line, 2 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
- 15.000%
- Bid range
- 14.50–15.99%
- Previous
- 15.990% 2017-09-27
- Change, bp
- −99
- Offered, NGNm
- 50,000
- Bids, NGNm
- 21,170
- Accepted, NGNm
- 3,000
- Bid cover
- 7.06×
- Source
- notice
- 10-year16.2884% FGN MAR 2027matures 17 Mar 2027
- Sale
- reopening
- Coupon
- 16.288%
- Rate
- 15.000%
- Bid range
- 14.45–16.25%
- Previous
- 15.900% 2017-09-27
- Change, bp
- −90
- Offered, NGNm
- 50,000
- Bids, NGNm
- 145,130
- Accepted, NGNm
- 97,000
- Bid cover
- 1.50×
- 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% | 15.000% | 14.50–15.99% | 15.990% 2017-09-27 | −99 | 50,000 | 21,170 | 3,000 | 7.06× | notice |
| 10-year16.2884% FGN MAR 2027matures 17 Mar 2027 | reopening | 16.288% | 15.000% | 14.45–16.25% | 15.900% 2017-09-27 | −90 | 50,000 | 145,130 | 97,000 | 1.50× | 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, 25 Oct 2017, compiled from the Debt Management Office, Nigeria. Retrieved 5 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2017-10-25