Nigeria government bonds · auction 25 Jul 2018 · NGN
Nigeria bond auction, 25 Jul 2018: 10-year at 14.30%
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
14.30%
Largest amount accepted at this auction
Change vs previous 10-year sale
+49 bp
13.81% on 27 Jun 2018
Accepted
NGN 66.9bn
Against NGN 90.0bn on offer
Bid cover
1.15×
Bids of NGN 77.0bn ÷ 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
- 13.690%
- Bid range
- 13.35–13.90%
- Previous
- 13.500% 2018-06-27
- Change, bp
- +19
- Offered, NGNm
- 25,000
- Bids, NGNm
- 12,930
- Accepted, NGNm
- 8,930
- Bid cover
- 1.45×
- Source
- notice
- 7-year13.53% FGN MAR 2025matures 23 Mar 2025
- Sale
- —
- Coupon
- 13.530%
- Rate
- 14.000%
- Bid range
- 12.80–14.49%
- Previous
- 13.800% 2018-06-27
- Change, bp
- +20
- Offered, NGNm
- 25,000
- Bids, NGNm
- 13,580
- Accepted, NGNm
- 11,580
- Bid cover
- 1.17×
- Source
- notice
- 10-year13.98% FGN FEB 2028matures 23 Feb 2028
- Sale
- reopening
- Coupon
- 13.980%
- Rate
- 14.300%
- Bid range
- 12.50–14.65%
- Previous
- 13.810% 2018-06-27
- Change, bp
- +49
- Offered, NGNm
- 40,000
- Bids, NGNm
- 50,510
- Accepted, NGNm
- 46,390
- Bid cover
- 1.09×
- 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% | 13.690% | 13.35–13.90% | 13.500% 2018-06-27 | +19 | 25,000 | 12,930 | 8,930 | 1.45× | notice |
| 7-year13.53% FGN MAR 2025matures 23 Mar 2025 | — | 13.530% | 14.000% | 12.80–14.49% | 13.800% 2018-06-27 | +20 | 25,000 | 13,580 | 11,580 | 1.17× | notice |
| 10-year13.98% FGN FEB 2028matures 23 Feb 2028 | reopening | 13.980% | 14.300% | 12.50–14.65% | 13.810% 2018-06-27 | +49 | 40,000 | 50,510 | 46,390 | 1.09× | 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 Jul 2018, compiled from the Debt Management Office, Nigeria. Retrieved 5 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2018-07-25