Nigeria government bonds · auction 27 Jun 2018 · NGN
Nigeria bond auction, 27 Jun 2018: 10-year at 13.81%
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
13.81%
Largest amount accepted at this auction
Change vs previous 10-year sale
+26 bp
13.55% on 23 May 2018
Accepted
NGN 31.2bn
Against NGN 60.0bn on offer
Bid cover
2.14×
Bids of NGN 66.7bn ÷ 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
- 13.20–14.40%
- Previous
- 13.500% 2018-05-23
- Change, bp
- 0
- Offered, NGNm
- 20,000
- Bids, NGNm
- 8,290
- Accepted, NGNm
- 3,490
- Bid cover
- 2.38×
- Source
- notice
- 7-year13.53% FGN MAR 2025matures 23 Mar 2025
- Sale
- —
- Coupon
- 13.530%
- Rate
- 13.800%
- Bid range
- 13.35–14.40%
- Previous
- 13.500% 2018-05-23
- Change, bp
- +30
- Offered, NGNm
- 20,000
- Bids, NGNm
- 10,900
- Accepted, NGNm
- 6,700
- Bid cover
- 1.63×
- Source
- notice
- 10-year13.98% FGN FEB 2028matures 23 Feb 2028
- Sale
- reopening
- Coupon
- 13.980%
- Rate
- 13.810%
- Bid range
- 12.80–15.19%
- Previous
- 13.550% 2018-05-23
- Change, bp
- +26
- Offered, NGNm
- 20,000
- Bids, NGNm
- 47,530
- Accepted, NGNm
- 21,030
- Bid cover
- 2.26×
- 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% | 13.20–14.40% | 13.500% 2018-05-23 | 0 | 20,000 | 8,290 | 3,490 | 2.38× | notice |
| 7-year13.53% FGN MAR 2025matures 23 Mar 2025 | — | 13.530% | 13.800% | 13.35–14.40% | 13.500% 2018-05-23 | +30 | 20,000 | 10,900 | 6,700 | 1.63× | notice |
| 10-year13.98% FGN FEB 2028matures 23 Feb 2028 | reopening | 13.980% | 13.810% | 12.80–15.19% | 13.550% 2018-05-23 | +26 | 20,000 | 47,530 | 21,030 | 2.26× | notice |
Source notice: dmo.gov.ng. Compiled by Afronomics, data updated 2026-10-19. Information, not advice.
Data
Take the data with you
CSV
Every Nigeria bond auction we hold, one row per line. Latest 12 months free; full history with a key.
/api/data/bonds/nigeriaJSON API
This auction’s lines as JSON. Latest 12 months free; full history with a key.
/api/v1/bonds/nigeria?from=2018-06-27&to=2018-06-27For investment teams
A 30-day pilot: an API key with the full history of every market we cover, free.
Request a pilotCite or reuse this data
Free to quote, chart and republish with the credit “Source: Afronomics, compiled from the Debt Management Office, Nigeria” and a link to this page.
Afronomics (2026). Nigeria government bond auction, 27 Jun 2018, compiled from the Debt Management Office, Nigeria. Retrieved 5 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2018-06-27