Nigeria government bonds · auction 19 Feb 2020 · NGN
Nigeria bond auction, 19 Feb 2020: 30-year at 12.15%
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
12.15%
Largest amount accepted at this auction
Change vs previous 30-year sale
−41 bp
12.56% on 22 Jan 2020
Accepted
NGN 100.0bn
Against NGN 140.0bn on offer
Bid cover
3.98×
Bids of NGN 398.2bn ÷ 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
- 8.750%
- Bid range
- 7.71–12.00%
- Previous
- 9.850% 2020-01-22
- Change, bp
- −110
- Offered, NGNm
- 45,000
- Bids, NGNm
- 78,430
- Accepted, NGNm
- 30,000
- Bid cover
- 2.61×
- Source
- notice
- 10-year14.55% FGN APR 2029matures 26 Apr 2029
- Sale
- reopening
- Coupon
- 14.550%
- Rate
- 10.700%
- Bid range
- 10.00–12.00%
- Previous
- 11.125% 2020-01-22
- Change, bp
- −42.5
- Offered, NGNm
- 45,000
- Bids, NGNm
- 95,700
- Accepted, NGNm
- 30,000
- Bid cover
- 3.19×
- Source
- notice
- 30-year14.80% FGN APR 2049matures 26 Apr 2049
- Sale
- reopening
- Coupon
- 14.800%
- Rate
- 12.150%
- Bid range
- 11.00–13.85%
- Previous
- 12.560% 2020-01-22
- Change, bp
- −41
- Offered, NGNm
- 50,000
- Bids, NGNm
- 224,070
- Accepted, NGNm
- 40,000
- Bid cover
- 5.60×
- 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% | 8.750% | 7.71–12.00% | 9.850% 2020-01-22 | −110 | 45,000 | 78,430 | 30,000 | 2.61× | notice |
| 10-year14.55% FGN APR 2029matures 26 Apr 2029 | reopening | 14.550% | 10.700% | 10.00–12.00% | 11.125% 2020-01-22 | −42.5 | 45,000 | 95,700 | 30,000 | 3.19× | notice |
| 30-year14.80% FGN APR 2049matures 26 Apr 2049 | reopening | 14.800% | 12.150% | 11.00–13.85% | 12.560% 2020-01-22 | −41 | 50,000 | 224,070 | 40,000 | 5.60× | 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, 19 Feb 2020, compiled from the Debt Management Office, Nigeria. Retrieved 5 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2020-02-19