Nigeria government bonds · auction 23 May 2018 · NGN
Nigeria bond auction, 23 May 2018: 10-year at 13.55%
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
13.55%
Largest amount accepted at this auction
Change vs previous 10-year sale
+66 bp
12.89% on 25 Apr 2018
Accepted
NGN 50.5bn
Against NGN 70.0bn on offer
Bid cover
1.78×
Bids of NGN 89.8bn ÷ 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-year12.75% FGN APR 2023matures 27 Apr 2023
- Sale
- reopening
- Coupon
- 12.750%
- Rate
- 13.500%
- Bid range
- 12.90–14.00%
- Previous
- 12.750% 2018-04-25
- Change, bp
- +75
- Offered, NGNm
- 20,000
- Bids, NGNm
- 8,720
- Accepted, NGNm
- 3,500
- Bid cover
- 2.49×
- Source
- notice
- 7-year13.53% FGN MAR 2025matures 23 Mar 2025
- Sale
- —
- Coupon
- 13.530%
- Rate
- 13.500%
- Bid range
- 11.50–14.02%
- Previous
- 12.850% 2018-04-25
- Change, bp
- +65
- Offered, NGNm
- 20,000
- Bids, NGNm
- 14,450
- Accepted, NGNm
- 8,450
- Bid cover
- 1.71×
- Source
- notice
- 10-year13.98% FGN FEB 2028matures 23 Feb 2028
- Sale
- reopening
- Coupon
- 13.980%
- Rate
- 13.550%
- Bid range
- 11.50–14.29%
- Previous
- 12.890% 2018-04-25
- Change, bp
- +66
- Offered, NGNm
- 30,000
- Bids, NGNm
- 66,650
- Accepted, NGNm
- 38,500
- Bid cover
- 1.73×
- 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 | reopening | 12.750% | 13.500% | 12.90–14.00% | 12.750% 2018-04-25 | +75 | 20,000 | 8,720 | 3,500 | 2.49× | notice |
| 7-year13.53% FGN MAR 2025matures 23 Mar 2025 | — | 13.530% | 13.500% | 11.50–14.02% | 12.850% 2018-04-25 | +65 | 20,000 | 14,450 | 8,450 | 1.71× | notice |
| 10-year13.98% FGN FEB 2028matures 23 Feb 2028 | reopening | 13.980% | 13.550% | 11.50–14.29% | 12.890% 2018-04-25 | +66 | 30,000 | 66,650 | 38,500 | 1.73× | 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, 23 May 2018, compiled from the Debt Management Office, Nigeria. Retrieved 5 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2018-05-23