Nigeria government bonds · auction 25 Mar 2020 · NGN
Nigeria bond auction, 25 Mar 2020: 30-year at 12.98%
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 12.9800% FGN MAR 2050
12.98%
Largest amount accepted at this auction
Change vs previous 30-year sale
+83 bp
12.15% on 19 Feb 2020
Accepted
NGN 50.0bn
Against NGN 50.0bn on offer
Bid cover
3.63×
Bids of NGN 181.3bn ÷ 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
- 10.000%
- Bid range
- 7.00–13.50%
- Previous
- 8.750% 2020-02-19
- Change, bp
- +125
- Offered, NGNm
- 15,000
- Bids, NGNm
- 21,070
- Accepted, NGNm
- 5,000
- Bid cover
- 4.21×
- Source
- notice
- 15-year12.5000% FGN MAR 2035matures 27 Mar 2035
- Sale
- new
- Coupon
- 12.500%
- Rate
- 12.500%
- Bid range
- 10.00–16.00%
- Previous
- —
- Change, bp
- first
- Offered, NGNm
- 15,000
- Bids, NGNm
- 69,010
- Accepted, NGNm
- 20,000
- Bid cover
- 3.45×
- Source
- notice
- 30-year12.9800% FGN MAR 2050matures 27 Mar 2050
- Sale
- new
- Coupon
- 12.980%
- Rate
- 12.980%
- Bid range
- 11.00–15.20%
- Previous
- 12.150% 2020-02-19
- Change, bp
- +83
- Offered, NGNm
- 20,000
- Bids, NGNm
- 91,180
- Accepted, NGNm
- 25,000
- Bid cover
- 3.65×
- 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% | 10.000% | 7.00–13.50% | 8.750% 2020-02-19 | +125 | 15,000 | 21,070 | 5,000 | 4.21× | notice |
| 15-year12.5000% FGN MAR 2035matures 27 Mar 2035 | new | 12.500% | 12.500% | 10.00–16.00% | — | first | 15,000 | 69,010 | 20,000 | 3.45× | notice |
| 30-year12.9800% FGN MAR 2050matures 27 Mar 2050 | new | 12.980% | 12.980% | 11.00–15.20% | 12.150% 2020-02-19 | +83 | 20,000 | 91,180 | 25,000 | 3.65× | 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, 25 Mar 2020, compiled from the Debt Management Office, Nigeria. Retrieved 5 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2020-03-25