Nigeria government bonds · auction 21 Mar 2018 · NGN
Nigeria bond auction, 21 Mar 2018: 10-year at 13.60%
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: 10-year bond 13.98% FGN FEB 2028
13.60%
Largest amount accepted at this auction
Change vs previous 10-year sale
−38 bp
13.98% on 21 Feb 2018
Accepted
NGN 64.1bn
Against NGN 70.0bn on offer
Bid cover
2.23×
Bids of NGN 142.8bn ÷ 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
- 13.400%
- Bid range
- 12.50–14.05%
- Previous
- 13.700% 2018-02-21
- Change, bp
- −30
- Offered, NGNm
- 10,000
- Bids, NGNm
- 18,850
- Accepted, NGNm
- 10,050
- Bid cover
- 1.88×
- Source
- notice
- 7-year13.53% FGN MAR 2025matures 23 Mar 2025
- Sale
- —
- Coupon
- 13.530%
- Rate
- 13.530%
- Bid range
- 12.50–14.00%
- Previous
- 11.500% 2013-04-17
- Change, bp
- +203
- Offered, NGNm
- 30,000
- Bids, NGNm
- 25,210
- Accepted, NGNm
- 8,910
- Bid cover
- 2.83×
- Source
- notice
- 10-year13.98% FGN FEB 2028matures 23 Feb 2028
- Sale
- reopening
- Coupon
- 13.980%
- Rate
- 13.600%
- Bid range
- 12.50–14.00%
- Previous
- 13.980% 2018-02-21
- Change, bp
- −38
- Offered, NGNm
- 30,000
- Bids, NGNm
- 98,750
- Accepted, NGNm
- 45,100
- Bid cover
- 2.19×
- 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% | 13.400% | 12.50–14.05% | 13.700% 2018-02-21 | −30 | 10,000 | 18,850 | 10,050 | 1.88× | notice |
| 7-year13.53% FGN MAR 2025matures 23 Mar 2025 | — | 13.530% | 13.530% | 12.50–14.00% | 11.500% 2013-04-17 | +203 | 30,000 | 25,210 | 8,910 | 2.83× | notice |
| 10-year13.98% FGN FEB 2028matures 23 Feb 2028 | reopening | 13.980% | 13.600% | 12.50–14.00% | 13.980% 2018-02-21 | −38 | 30,000 | 98,750 | 45,100 | 2.19× | 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 Mar 2018, compiled from the Debt Management Office, Nigeria. Retrieved 5 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2018-03-21