Nigeria government bonds · auction 18 Dec 2019 · NGN
Nigeria bond auction, 18 Dec 2019: 30-year at 13.00%
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
13.00%
Largest amount accepted at this auction
Change vs previous 30-year sale
−39 bp
13.39% on 20 Nov 2019
Accepted
NGN 264.4bn
Against NGN 150.0bn on offer
Bid cover
1.09×
Bids of NGN 288.4bn ÷ 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
- 11.000%
- Bid range
- 9.00–12.75%
- Previous
- 12.000% 2019-11-20
- Change, bp
- −100
- Offered, NGNm
- 50,000
- Bids, NGNm
- 70,700
- Accepted, NGNm
- 67,340
- Bid cover
- 1.05×
- Source
- notice
- 10-year14.55% FGN APR 2029matures 26 Apr 2029
- Sale
- reopening
- Coupon
- 14.550%
- Rate
- 12.000%
- Bid range
- 10.50–13.25%
- Previous
- 12.930% 2019-11-20
- Change, bp
- −93
- Offered, NGNm
- 50,000
- Bids, NGNm
- 91,910
- Accepted, NGNm
- 78,840
- Bid cover
- 1.17×
- Source
- notice
- 30-year14.80% FGN APR 2049matures 26 Apr 2049
- Sale
- reopening
- Coupon
- 14.800%
- Rate
- 13.000%
- Bid range
- 9.40–14.00%
- Previous
- 13.390% 2019-11-20
- Change, bp
- −39
- Offered, NGNm
- 50,000
- Bids, NGNm
- 125,820
- Accepted, NGNm
- 118,220
- Bid cover
- 1.06×
- 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% | 11.000% | 9.00–12.75% | 12.000% 2019-11-20 | −100 | 50,000 | 70,700 | 67,340 | 1.05× | notice |
| 10-year14.55% FGN APR 2029matures 26 Apr 2029 | reopening | 14.550% | 12.000% | 10.50–13.25% | 12.930% 2019-11-20 | −93 | 50,000 | 91,910 | 78,840 | 1.17× | notice |
| 30-year14.80% FGN APR 2049matures 26 Apr 2049 | reopening | 14.800% | 13.000% | 9.40–14.00% | 13.390% 2019-11-20 | −39 | 50,000 | 125,820 | 118,220 | 1.06× | notice |
Source notice: dmo.gov.ng. Compiled by Afronomics, data updated 2026-10-19. Information, not advice.
Data
Take the data with you
CSV
Every Nigeria bond auction we hold, one row per line. Latest 12 months free; full history with a key.
/api/data/bonds/nigeriaJSON API
This auction’s lines as JSON. Latest 12 months free; full history with a key.
/api/v1/bonds/nigeria?from=2019-12-18&to=2019-12-18For investment teams
A 30-day pilot: an API key with the full history of every market we cover, free.
Request a pilotCite or reuse this data
Free to quote, chart and republish with the credit “Source: Afronomics, compiled from the Debt Management Office, Nigeria” and a link to this page.
Afronomics (2026). Nigeria government bond auction, 18 Dec 2019, compiled from the Debt Management Office, Nigeria. Retrieved 5 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2019-12-18