Nigeria government bonds · auction 22 Nov 2017 · NGN
Nigeria bond auction, 22 Nov 2017: 10-year at 14.80%
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
14.80%
Largest amount accepted at this auction
Change vs previous 10-year sale
−20 bp
15.00% on 25 Oct 2017
Accepted
NGN 87.8bn
Against NGN 100.0bn on offer
Bid cover
1.20×
Bids of NGN 105.4bn ÷ 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
- 14.790%
- Bid range
- 14.00–15.14%
- Previous
- 15.000% 2017-10-25
- Change, bp
- −21
- Offered, NGNm
- 50,000
- Bids, NGNm
- 23,000
- Accepted, NGNm
- 14,600
- Bid cover
- 1.58×
- Source
- notice
- 10-year16.2884% FGN MAR 2027matures 17 Mar 2027
- Sale
- reopening
- Coupon
- 16.288%
- Rate
- 14.800%
- Bid range
- 14.00–15.10%
- Previous
- 15.000% 2017-10-25
- Change, bp
- −20
- Offered, NGNm
- 50,000
- Bids, NGNm
- 82,390
- Accepted, NGNm
- 73,170
- Bid cover
- 1.13×
- 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% | 14.790% | 14.00–15.14% | 15.000% 2017-10-25 | −21 | 50,000 | 23,000 | 14,600 | 1.58× | notice |
| 10-year16.2884% FGN MAR 2027matures 17 Mar 2027 | reopening | 16.288% | 14.800% | 14.00–15.10% | 15.000% 2017-10-25 | −20 | 50,000 | 82,390 | 73,170 | 1.13× | 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, 22 Nov 2017, compiled from the Debt Management Office, Nigeria. Retrieved 5 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2017-11-22