Nigeria government bonds · auction 26 Jun 2019 · NGN
Nigeria bond auction, 26 Jun 2019: 10-year at 14.50%
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 14.55% FGN APR 2029
14.50%
Largest amount accepted at this auction
Change vs previous 10-year sale
+26 bp
14.24% on 22 May 2019
Accepted
NGN 96.8bn
Against NGN 100.0bn on offer
Bid cover
1.65×
Bids of NGN 160.1bn ÷ 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
- 14.300%
- Bid range
- 14.00–15.30%
- Previous
- 14.110% 2019-05-22
- Change, bp
- +19
- Offered, NGNm
- 30,000
- Bids, NGNm
- 39,340
- Accepted, NGNm
- 28,990
- Bid cover
- 1.36×
- Source
- notice
- 10-year14.55% FGN APR 2029matures 26 Apr 2029
- Sale
- reopening
- Coupon
- 14.550%
- Rate
- 14.500%
- Bid range
- 13.90–16.55%
- Previous
- 14.240% 2019-05-22
- Change, bp
- +26
- Offered, NGNm
- 40,000
- Bids, NGNm
- 60,300
- Accepted, NGNm
- 36,360
- Bid cover
- 1.66×
- Source
- notice
- 30-year14.80% FGN APR 2049matures 26 Apr 2049
- Sale
- reopening
- Coupon
- 14.800%
- Rate
- 14.680%
- Bid range
- 14.00–15.78%
- Previous
- 14.490% 2019-05-22
- Change, bp
- +19
- Offered, NGNm
- 30,000
- Bids, NGNm
- 60,490
- Accepted, NGNm
- 31,490
- Bid cover
- 1.92×
- 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% | 14.300% | 14.00–15.30% | 14.110% 2019-05-22 | +19 | 30,000 | 39,340 | 28,990 | 1.36× | notice |
| 10-year14.55% FGN APR 2029matures 26 Apr 2029 | reopening | 14.550% | 14.500% | 13.90–16.55% | 14.240% 2019-05-22 | +26 | 40,000 | 60,300 | 36,360 | 1.66× | notice |
| 30-year14.80% FGN APR 2049matures 26 Apr 2049 | reopening | 14.800% | 14.680% | 14.00–15.78% | 14.490% 2019-05-22 | +19 | 30,000 | 60,490 | 31,490 | 1.92× | 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 Jun 2019, compiled from the Debt Management Office, Nigeria. Retrieved 5 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2019-06-26