Nigeria government bonds · auction 21 Nov 2018 · NGN
Nigeria bond auction, 21 Nov 2018: 10-year at 15.83%
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
15.83%
Largest amount accepted at this auction
Change vs previous 10-year sale
+51 bp
15.32% on 24 Oct 2018
Accepted
NGN 39.5bn
Against NGN 115.0bn on offer
Bid cover
2.60×
Bids of NGN 102.7bn ÷ 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
- 15.200%
- Bid range
- 15.00–15.75%
- Previous
- 15.000% 2018-10-24
- Change, bp
- +20
- Offered, NGNm
- 35,000
- Bids, NGNm
- 3,800
- Accepted, NGNm
- 1,100
- Bid cover
- 3.45×
- Source
- notice
- 7-year13.53% FGN MAR 2025matures 23 Mar 2025
- Sale
- reopening
- Coupon
- 13.530%
- Rate
- 15.500%
- Bid range
- 13.00–16.50%
- Previous
- 15.150% 2018-10-24
- Change, bp
- +35
- Offered, NGNm
- 35,000
- Bids, NGNm
- 18,670
- Accepted, NGNm
- 4,270
- Bid cover
- 4.37×
- Source
- notice
- 10-year13.98% FGN FEB 2028matures 23 Feb 2028
- Sale
- reopening
- Coupon
- 13.980%
- Rate
- 15.830%
- Bid range
- 13.00–16.70%
- Previous
- 15.320% 2018-10-24
- Change, bp
- +51
- Offered, NGNm
- 45,000
- Bids, NGNm
- 80,230
- Accepted, NGNm
- 34,150
- Bid cover
- 2.35×
- 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% | 15.200% | 15.00–15.75% | 15.000% 2018-10-24 | +20 | 35,000 | 3,800 | 1,100 | 3.45× | notice |
| 7-year13.53% FGN MAR 2025matures 23 Mar 2025 | reopening | 13.530% | 15.500% | 13.00–16.50% | 15.150% 2018-10-24 | +35 | 35,000 | 18,670 | 4,270 | 4.37× | notice |
| 10-year13.98% FGN FEB 2028matures 23 Feb 2028 | reopening | 13.980% | 15.830% | 13.00–16.70% | 15.320% 2018-10-24 | +51 | 45,000 | 80,230 | 34,150 | 2.35× | 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, 21 Nov 2018, compiled from the Debt Management Office, Nigeria. Retrieved 5 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2018-11-21