Nigeria government bonds · auction 22 Apr 2020 · NGN
Nigeria bond auction, 22 Apr 2020: 15-year at 12.00%
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: 15-year bond 12.5000% FGN MAR 2035
12.00%
Largest amount accepted at this auction
Change vs previous 15-year sale
−50 bp
12.50% on 25 Mar 2020
Accepted
NGN 156.1bn
Against NGN 60.0bn on offer
Bid cover
1.77×
Bids of NGN 275.7bn ÷ 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
- 9.000%
- Bid range
- 7.00–12.50%
- Previous
- 10.000% 2020-03-25
- Change, bp
- −100
- Offered, NGNm
- 20,000
- Bids, NGNm
- 49,700
- Accepted, NGNm
- 30,070
- Bid cover
- 1.65×
- Source
- notice
- 15-year12.5000% FGN MAR 2035matures 27 Mar 2035
- Sale
- reopening
- Coupon
- 12.500%
- Rate
- 12.000%
- Bid range
- 11.40–14.00%
- Previous
- 12.500% 2020-03-25
- Change, bp
- −50
- Offered, NGNm
- 20,000
- Bids, NGNm
- 107,470
- Accepted, NGNm
- 72,250
- Bid cover
- 1.49×
- Source
- notice
- 30-year12.9800% FGN MAR 2050matures 27 Mar 2050
- Sale
- reopening
- Coupon
- 12.980%
- Rate
- 12.500%
- Bid range
- 12.20–14.00%
- Previous
- 12.980% 2020-03-25
- Change, bp
- −48
- Offered, NGNm
- 20,000
- Bids, NGNm
- 118,500
- Accepted, NGNm
- 53,740
- Bid cover
- 2.21×
- 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% | 9.000% | 7.00–12.50% | 10.000% 2020-03-25 | −100 | 20,000 | 49,700 | 30,070 | 1.65× | notice |
| 15-year12.5000% FGN MAR 2035matures 27 Mar 2035 | reopening | 12.500% | 12.000% | 11.40–14.00% | 12.500% 2020-03-25 | −50 | 20,000 | 107,470 | 72,250 | 1.49× | notice |
| 30-year12.9800% FGN MAR 2050matures 27 Mar 2050 | reopening | 12.980% | 12.500% | 12.20–14.00% | 12.980% 2020-03-25 | −48 | 20,000 | 118,500 | 53,740 | 2.21× | 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=2020-04-22&to=2020-04-22For 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, 22 Apr 2020, compiled from the Debt Management Office, Nigeria. Retrieved 5 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2020-04-22