Nigeria government bonds · auction 21 Aug 2019 · NGN
Nigeria bond auction, 21 Aug 2019: 30-year at 14.59%
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: 30-year bond 14.80% FGN APR 2049
14.59%
Largest amount accepted at this auction
Change vs previous 30-year sale
+47 bp
14.12% on 24 Jul 2019
Accepted
NGN 15.0bn
Against NGN 145.0bn on offer
Bid cover
6.33×
Bids of NGN 95.1bn ÷ 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
- 14.290%
- Bid range
- 12.75–15.50%
- Previous
- 13.350% 2019-07-24
- Change, bp
- +94
- Offered, NGNm
- 40,000
- Bids, NGNm
- 10,410
- Accepted, NGNm
- 2,050
- Bid cover
- 5.08×
- Source
- notice
- 10-year14.55% FGN APR 2029matures 26 Apr 2029
- Sale
- reopening
- Coupon
- 14.550%
- Rate
- 14.390%
- Bid range
- 13.75–15.75%
- Previous
- 13.640% 2019-07-24
- Change, bp
- +75
- Offered, NGNm
- 50,000
- Bids, NGNm
- 37,470
- Accepted, NGNm
- 2,680
- Bid cover
- 13.98×
- Source
- notice
- 30-year14.80% FGN APR 2049matures 26 Apr 2049
- Sale
- reopening
- Coupon
- 14.800%
- Rate
- 14.590%
- Bid range
- 13.05–15.75%
- Previous
- 14.120% 2019-07-24
- Change, bp
- +47
- Offered, NGNm
- 55,000
- Bids, NGNm
- 47,210
- Accepted, NGNm
- 10,300
- Bid cover
- 4.58×
- 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% | 14.290% | 12.75–15.50% | 13.350% 2019-07-24 | +94 | 40,000 | 10,410 | 2,050 | 5.08× | notice |
| 10-year14.55% FGN APR 2029matures 26 Apr 2029 | reopening | 14.550% | 14.390% | 13.75–15.75% | 13.640% 2019-07-24 | +75 | 50,000 | 37,470 | 2,680 | 13.98× | notice |
| 30-year14.80% FGN APR 2049matures 26 Apr 2049 | reopening | 14.800% | 14.590% | 13.05–15.75% | 14.120% 2019-07-24 | +47 | 55,000 | 47,210 | 10,300 | 4.58× | 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 Aug 2019, compiled from the Debt Management Office, Nigeria. Retrieved 5 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2019-08-21