Nigeria government bonds · auction 27 Mar 2019 · NGN
Nigeria bond auction, 27 Mar 2019: 10-year at 13.50%
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: 10-year bond 13.98% FGN FEB 2028
13.50%
Largest amount accepted at this auction
Change vs previous 10-year sale
−185 bp
15.35% on 30 Jan 2019
Accepted
NGN 29.4bn
Against NGN 100.0bn on offer
Bid cover
5.06×
Bids of NGN 148.5bn ÷ 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
- 13.500%
- Bid range
- 13.00–15.00%
- Previous
- 15.200% 2019-01-30
- Change, bp
- −170
- Offered, NGNm
- 40,000
- Bids, NGNm
- 21,620
- Accepted, NGNm
- 3,800
- Bid cover
- 5.69×
- Source
- notice
- 7-year13.53% FGN MAR 2025matures 23 Mar 2025
- Sale
- reopening
- Coupon
- 13.530%
- Rate
- 13.500%
- Bid range
- 13.00–15.30%
- Previous
- 15.250% 2019-01-30
- Change, bp
- −175
- Offered, NGNm
- 40,000
- Bids, NGNm
- 26,170
- Accepted, NGNm
- 5,550
- Bid cover
- 4.72×
- Source
- notice
- 10-year13.98% FGN FEB 2028matures 23 Feb 2028
- Sale
- reopening
- Coupon
- 13.980%
- Rate
- 13.500%
- Bid range
- 13.00–14.95%
- Previous
- 15.350% 2019-01-30
- Change, bp
- −185
- Offered, NGNm
- 20,000
- Bids, NGNm
- 100,680
- Accepted, NGNm
- 20,000
- Bid cover
- 5.03×
- 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% | 13.500% | 13.00–15.00% | 15.200% 2019-01-30 | −170 | 40,000 | 21,620 | 3,800 | 5.69× | notice |
| 7-year13.53% FGN MAR 2025matures 23 Mar 2025 | reopening | 13.530% | 13.500% | 13.00–15.30% | 15.250% 2019-01-30 | −175 | 40,000 | 26,170 | 5,550 | 4.72× | notice |
| 10-year13.98% FGN FEB 2028matures 23 Feb 2028 | reopening | 13.980% | 13.500% | 13.00–14.95% | 15.350% 2019-01-30 | −185 | 20,000 | 100,680 | 20,000 | 5.03× | 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, 27 Mar 2019, compiled from the Debt Management Office, Nigeria. Retrieved 4 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2019-03-27