Nigeria government bonds · auction 26 Sep 2018 · NGN
Nigeria bond auction, 26 Sep 2018: 10-year at 15.25%
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
15.25%
Largest amount accepted at this auction
Change vs previous 10-year sale
+55.6 bp
14.69% on 15 Aug 2018
Accepted
NGN 96.7bn
Against NGN 90.0bn on offer
Bid cover
1.64×
Bids of NGN 158.5bn ÷ 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
- reopening
- Coupon
- 12.750%
- Rate
- 15.000%
- Bid range
- 14.74–16.10%
- Previous
- 14.390% 2018-08-15
- Change, bp
- +61
- Offered, NGNm
- 25,000
- Bids, NGNm
- 20,680
- Accepted, NGNm
- 17,480
- Bid cover
- 1.18×
- Source
- notice
- 7-year13.53% FGN MAR 2025matures 23 Mar 2025
- Sale
- reopening
- Coupon
- 13.530%
- Rate
- 15.150%
- Bid range
- 14.60–16.00%
- Previous
- 14.600% 2018-08-15
- Change, bp
- +55
- Offered, NGNm
- 25,000
- Bids, NGNm
- 12,480
- Accepted, NGNm
- 7,380
- Bid cover
- 1.69×
- Source
- notice
- 10-year13.98% FGN FEB 2028matures 23 Feb 2028
- Sale
- reopening
- Coupon
- 13.980%
- Rate
- 15.246%
- Bid range
- 12.98–16.50%
- Previous
- 14.690% 2018-08-15
- Change, bp
- +55.6
- Offered, NGNm
- 40,000
- Bids, NGNm
- 125,350
- Accepted, NGNm
- 71,880
- Bid cover
- 1.74×
- 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% | 15.000% | 14.74–16.10% | 14.390% 2018-08-15 | +61 | 25,000 | 20,680 | 17,480 | 1.18× | notice |
| 7-year13.53% FGN MAR 2025matures 23 Mar 2025 | reopening | 13.530% | 15.150% | 14.60–16.00% | 14.600% 2018-08-15 | +55 | 25,000 | 12,480 | 7,380 | 1.69× | notice |
| 10-year13.98% FGN FEB 2028matures 23 Feb 2028 | reopening | 13.980% | 15.246% | 12.98–16.50% | 14.690% 2018-08-15 | +55.6 | 40,000 | 125,350 | 71,880 | 1.74× | 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, 26 Sep 2018, compiled from the Debt Management Office, Nigeria. Retrieved 5 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2018-09-26