Nigeria government bonds · auction 15 Aug 2018 · NGN
Nigeria bond auction, 15 Aug 2018: 10-year at 14.69%
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
14.69%
Largest amount accepted at this auction
Change vs previous 10-year sale
+39 bp
14.30% on 25 Jul 2018
Accepted
NGN 39.7bn
Against NGN 90.0bn on offer
Bid cover
2.54×
Bids of NGN 100.8bn ÷ 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
- 14.390%
- Bid range
- 13.60–15.00%
- Previous
- 13.690% 2018-07-25
- Change, bp
- +70
- Offered, NGNm
- 25,000
- Bids, NGNm
- 6,670
- Accepted, NGNm
- 3,970
- Bid cover
- 1.68×
- Source
- notice
- 7-year13.53% FGN MAR 2025matures 23 Mar 2025
- Sale
- reopening
- Coupon
- 13.530%
- Rate
- 14.600%
- Bid range
- 12.80–15.10%
- Previous
- 14.000% 2018-07-25
- Change, bp
- +60
- Offered, NGNm
- 25,000
- Bids, NGNm
- 24,350
- Accepted, NGNm
- 14,350
- Bid cover
- 1.70×
- Source
- notice
- 10-year13.98% FGN FEB 2028matures 23 Feb 2028
- Sale
- reopening
- Coupon
- 13.980%
- Rate
- 14.690%
- Bid range
- 12.80–15.95%
- Previous
- 14.300% 2018-07-25
- Change, bp
- +39
- Offered, NGNm
- 40,000
- Bids, NGNm
- 69,760
- Accepted, NGNm
- 21,380
- Bid cover
- 3.26×
- 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% | 14.390% | 13.60–15.00% | 13.690% 2018-07-25 | +70 | 25,000 | 6,670 | 3,970 | 1.68× | notice |
| 7-year13.53% FGN MAR 2025matures 23 Mar 2025 | reopening | 13.530% | 14.600% | 12.80–15.10% | 14.000% 2018-07-25 | +60 | 25,000 | 24,350 | 14,350 | 1.70× | notice |
| 10-year13.98% FGN FEB 2028matures 23 Feb 2028 | reopening | 13.980% | 14.690% | 12.80–15.95% | 14.300% 2018-07-25 | +39 | 40,000 | 69,760 | 21,380 | 3.26× | 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, 15 Aug 2018, compiled from the Debt Management Office, Nigeria. Retrieved 5 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2018-08-15