Nigeria government bonds · auction 21 Feb 2018 · NGN
Nigeria bond auction, 21 Feb 2018: 10-year at 13.98%
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 13.98% FGN FEB 2028
13.98%
Largest amount accepted at this auction
Change vs previous 10-year sale
+48.9 bp
13.49% on 24 Jan 2018
Accepted
NGN 79.6bn
Against NGN 100.0bn on offer
Bid cover
1.48×
Bids of NGN 117.6bn ÷ 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
- 13.700%
- Bid range
- 12.50–16.00%
- Previous
- 13.380% 2018-01-24
- Change, bp
- +32
- Offered, NGNm
- 50,000
- Bids, NGNm
- 38,890
- Accepted, NGNm
- 27,180
- Bid cover
- 1.43×
- Source
- notice
- 10-year13.98% FGN FEB 2028matures 23 Feb 2028
- Sale
- —
- Coupon
- 13.980%
- Rate
- 13.980%
- Bid range
- 12.50–16.00%
- Previous
- 13.491% 2018-01-24
- Change, bp
- +48.9
- Offered, NGNm
- 50,000
- Bids, NGNm
- 78,690
- Accepted, NGNm
- 52,440
- 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% | 13.700% | 12.50–16.00% | 13.380% 2018-01-24 | +32 | 50,000 | 38,890 | 27,180 | 1.43× | notice |
| 10-year13.98% FGN FEB 2028matures 23 Feb 2028 | — | 13.980% | 13.980% | 12.50–16.00% | 13.491% 2018-01-24 | +48.9 | 50,000 | 78,690 | 52,440 | 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, 21 Feb 2018, compiled from the Debt Management Office, Nigeria. Retrieved 5 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2018-02-21