Nigeria government bonds · auction 22 Jan 2020 · NGN
Nigeria bond auction, 22 Jan 2020: 30-year at 12.56%
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
12.56%
Largest amount accepted at this auction
Change vs previous 30-year sale
−44 bp
13.00% on 18 Dec 2019
Accepted
NGN 410.0bn
Against NGN 155.0bn on offer
Bid cover
1.52×
Bids of NGN 624.5bn ÷ 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
- 9.850%
- Bid range
- 9.00–12.75%
- Previous
- 11.000% 2019-12-18
- Change, bp
- −115
- Offered, NGNm
- 50,000
- Bids, NGNm
- 80,750
- Accepted, NGNm
- 29,300
- Bid cover
- 2.76×
- Source
- notice
- 10-year14.55% FGN APR 2029matures 26 Apr 2029
- Sale
- reopening
- Coupon
- 14.550%
- Rate
- 11.125%
- Bid range
- 10.55–14.55%
- Previous
- 12.000% 2019-12-18
- Change, bp
- −87.5
- Offered, NGNm
- 50,000
- Bids, NGNm
- 201,980
- Accepted, NGNm
- 106,390
- Bid cover
- 1.90×
- Source
- notice
- 30-year14.80% FGN APR 2049matures 26 Apr 2049
- Sale
- reopening
- Coupon
- 14.800%
- Rate
- 12.560%
- Bid range
- 9.40–13.50%
- Previous
- 13.000% 2019-12-18
- Change, bp
- −44
- Offered, NGNm
- 55,000
- Bids, NGNm
- 341,770
- Accepted, NGNm
- 274,300
- Bid cover
- 1.25×
- 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% | 9.850% | 9.00–12.75% | 11.000% 2019-12-18 | −115 | 50,000 | 80,750 | 29,300 | 2.76× | notice |
| 10-year14.55% FGN APR 2029matures 26 Apr 2029 | reopening | 14.550% | 11.125% | 10.55–14.55% | 12.000% 2019-12-18 | −87.5 | 50,000 | 201,980 | 106,390 | 1.90× | notice |
| 30-year14.80% FGN APR 2049matures 26 Apr 2049 | reopening | 14.800% | 12.560% | 9.40–13.50% | 13.000% 2019-12-18 | −44 | 55,000 | 341,770 | 274,300 | 1.25× | 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, 22 Jan 2020, compiled from the Debt Management Office, Nigeria. Retrieved 5 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2020-01-22