Nigeria government bonds · auction 25 Apr 2018 · NGN
Nigeria bond auction, 25 Apr 2018: 10-year at 12.89%
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
12.89%
Largest amount accepted at this auction
Change vs previous 10-year sale
−71 bp
13.60% on 21 Mar 2018
Accepted
NGN 90.0bn
Against NGN 90.0bn on offer
Bid cover
2.92×
Bids of NGN 262.5bn ÷ 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-year12.75% FGN APR 2023matures 27 Apr 2023
- Sale
- new
- Coupon
- 12.750%
- Rate
- 12.750%
- Bid range
- 11.50–13.50%
- Previous
- 13.400% 2018-03-21
- Change, bp
- −65
- Offered, NGNm
- 30,000
- Bids, NGNm
- 52,890
- Accepted, NGNm
- 38,290
- Bid cover
- 1.38×
- Source
- notice
- 7-year13.53% FGN MAR 2025matures 23 Mar 2025
- Sale
- —
- Coupon
- 13.530%
- Rate
- 12.850%
- Bid range
- 11.50–13.89%
- Previous
- 13.530% 2018-03-21
- Change, bp
- −68
- Offered, NGNm
- 30,000
- Bids, NGNm
- 49,400
- Accepted, NGNm
- 12,750
- Bid cover
- 3.87×
- Source
- notice
- 10-year13.98% FGN FEB 2028matures 23 Feb 2028
- Sale
- reopening
- Coupon
- 13.980%
- Rate
- 12.890%
- Bid range
- 11.50–13.98%
- Previous
- 13.600% 2018-03-21
- Change, bp
- −71
- Offered, NGNm
- 30,000
- Bids, NGNm
- 160,190
- Accepted, NGNm
- 38,960
- Bid cover
- 4.11×
- Source
- notice
| Bond | Sale | Coupon | Rate | Bid range | Previous | Change, bp | Offered, NGNm | Bids, NGNm | Accepted, NGNm | Bid cover | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 5-year12.75% FGN APR 2023matures 27 Apr 2023 | new | 12.750% | 12.750% | 11.50–13.50% | 13.400% 2018-03-21 | −65 | 30,000 | 52,890 | 38,290 | 1.38× | notice |
| 7-year13.53% FGN MAR 2025matures 23 Mar 2025 | — | 13.530% | 12.850% | 11.50–13.89% | 13.530% 2018-03-21 | −68 | 30,000 | 49,400 | 12,750 | 3.87× | notice |
| 10-year13.98% FGN FEB 2028matures 23 Feb 2028 | reopening | 13.980% | 12.890% | 11.50–13.98% | 13.600% 2018-03-21 | −71 | 30,000 | 160,190 | 38,960 | 4.11× | 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 Apr 2018, compiled from the Debt Management Office, Nigeria. Retrieved 5 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2018-04-25