Nigeria government bonds · auction 23 Oct 2019 · NGN
Nigeria bond auction, 23 Oct 2019: 10-year at 14.23%
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
14.23%
Largest amount accepted at this auction
Change vs previous 10-year sale
−19.7 bp
14.43% on 25 Sep 2019
Accepted
NGN 139.8bn
Against NGN 150.0bn on offer
Bid cover
1.83×
Bids of NGN 256.0bn ÷ 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
- 14.050%
- Bid range
- 13.99–14.40%
- Previous
- 14.390% 2019-09-25
- Change, bp
- −34
- Offered, NGNm
- 50,000
- Bids, NGNm
- 63,670
- Accepted, NGNm
- 29,110
- Bid cover
- 2.19×
- Source
- notice
- 10-year14.55% FGN APR 2029matures 26 Apr 2029
- Sale
- reopening
- Coupon
- 14.550%
- Rate
- 14.233%
- Bid range
- 13.40–14.86%
- Previous
- 14.430% 2019-09-25
- Change, bp
- −19.7
- Offered, NGNm
- 50,000
- Bids, NGNm
- 119,780
- Accepted, NGNm
- 64,400
- Bid cover
- 1.86×
- Source
- notice
- 30-year14.80% FGN APR 2049matures 26 Apr 2049
- Sale
- reopening
- Coupon
- 14.800%
- Rate
- 14.600%
- Bid range
- 14.30–15.12%
- Previous
- 14.640% 2019-09-25
- Change, bp
- −4
- Offered, NGNm
- 50,000
- Bids, NGNm
- 72,540
- Accepted, NGNm
- 46,300
- Bid cover
- 1.57×
- 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% | 14.050% | 13.99–14.40% | 14.390% 2019-09-25 | −34 | 50,000 | 63,670 | 29,110 | 2.19× | notice |
| 10-year14.55% FGN APR 2029matures 26 Apr 2029 | reopening | 14.550% | 14.233% | 13.40–14.86% | 14.430% 2019-09-25 | −19.7 | 50,000 | 119,780 | 64,400 | 1.86× | notice |
| 30-year14.80% FGN APR 2049matures 26 Apr 2049 | reopening | 14.800% | 14.600% | 14.30–15.12% | 14.640% 2019-09-25 | −4 | 50,000 | 72,540 | 46,300 | 1.57× | 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, 23 Oct 2019, compiled from the Debt Management Office, Nigeria. Retrieved 5 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2019-10-23