Nigeria government bonds · auction 20 Nov 2019 · NGN
Nigeria bond auction, 20 Nov 2019: 30-year at 13.39%
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
13.39%
Largest amount accepted at this auction
Change vs previous 30-year sale
−121 bp
14.60% on 23 Oct 2019
Accepted
NGN 157.9bn
Against NGN 150.0bn on offer
Bid cover
1.60×
Bids of NGN 252.4bn ÷ 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
- 12.000%
- Bid range
- 11.49–14.00%
- Previous
- 14.050% 2019-10-23
- Change, bp
- −205
- Offered, NGNm
- 50,000
- Bids, NGNm
- 43,050
- Accepted, NGNm
- 19,870
- Bid cover
- 2.17×
- Source
- notice
- 10-year14.55% FGN APR 2029matures 26 Apr 2029
- Sale
- reopening
- Coupon
- 14.550%
- Rate
- 12.930%
- Bid range
- 12.00–14.55%
- Previous
- 14.233% 2019-10-23
- Change, bp
- −130.3
- Offered, NGNm
- 50,000
- Bids, NGNm
- 94,210
- Accepted, NGNm
- 61,700
- Bid cover
- 1.53×
- Source
- notice
- 30-year14.80% FGN APR 2049matures 26 Apr 2049
- Sale
- reopening
- Coupon
- 14.800%
- Rate
- 13.390%
- Bid range
- 12.80–14.80%
- Previous
- 14.600% 2019-10-23
- Change, bp
- −121
- Offered, NGNm
- 50,000
- Bids, NGNm
- 115,090
- Accepted, NGNm
- 76,360
- Bid cover
- 1.51×
- 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% | 12.000% | 11.49–14.00% | 14.050% 2019-10-23 | −205 | 50,000 | 43,050 | 19,870 | 2.17× | notice |
| 10-year14.55% FGN APR 2029matures 26 Apr 2029 | reopening | 14.550% | 12.930% | 12.00–14.55% | 14.233% 2019-10-23 | −130.3 | 50,000 | 94,210 | 61,700 | 1.53× | notice |
| 30-year14.80% FGN APR 2049matures 26 Apr 2049 | reopening | 14.800% | 13.390% | 12.80–14.80% | 14.600% 2019-10-23 | −121 | 50,000 | 115,090 | 76,360 | 1.51× | 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, 20 Nov 2019, compiled from the Debt Management Office, Nigeria. Retrieved 5 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2019-11-20