Nigeria government bonds · auction 19 Dec 2018 · NGN
Nigeria bond auction, 19 Dec 2018: 7-year at 15.50%
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: 7-year bond 13.53% FGN MAR 2025
15.50%
Largest amount accepted at this auction
Change vs previous 7-year sale
0 bp
15.50% on 21 Nov 2018
Accepted
NGN 5.8bn
Against NGN 70.0bn on offer
Bid cover
16.37×
Bids of NGN 94.1bn ÷ 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
- 15.250%
- Bid range
- 15.20–16.05%
- Previous
- 15.200% 2018-11-21
- Change, bp
- +5
- Offered, NGNm
- 20,000
- Bids, NGNm
- 3,250
- Accepted, NGNm
- 1,050
- Bid cover
- 3.10×
- Source
- notice
- 7-year13.53% FGN MAR 2025matures 23 Mar 2025
- Sale
- reopening
- Coupon
- 13.530%
- Rate
- 15.500%
- Bid range
- 15.45–16.05%
- Previous
- 15.500% 2018-11-21
- Change, bp
- 0
- Offered, NGNm
- 15,000
- Bids, NGNm
- 7,810
- Accepted, NGNm
- 3,410
- Bid cover
- 2.29×
- Source
- notice
- 10-year13.98% FGN FEB 2028matures 23 Feb 2028
- Sale
- reopening
- Coupon
- 13.980%
- Rate
- 15.500%
- Bid range
- 13.00–16.30%
- Previous
- 15.830% 2018-11-21
- Change, bp
- −33
- Offered, NGNm
- 35,000
- Bids, NGNm
- 83,060
- Accepted, NGNm
- 1,290
- Bid cover
- 64.39×
- 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% | 15.250% | 15.20–16.05% | 15.200% 2018-11-21 | +5 | 20,000 | 3,250 | 1,050 | 3.10× | notice |
| 7-year13.53% FGN MAR 2025matures 23 Mar 2025 | reopening | 13.530% | 15.500% | 15.45–16.05% | 15.500% 2018-11-21 | 0 | 15,000 | 7,810 | 3,410 | 2.29× | notice |
| 10-year13.98% FGN FEB 2028matures 23 Feb 2028 | reopening | 13.980% | 15.500% | 13.00–16.30% | 15.830% 2018-11-21 | −33 | 35,000 | 83,060 | 1,290 | 64.39× | 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, 19 Dec 2018, compiled from the Debt Management Office, Nigeria. Retrieved 5 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2018-12-19