Nigeria government bonds · auction 20 May 2020 · NGN
Nigeria bond auction, 20 May 2020: 30-year at 12.60%
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 12.98% FGN MAR 2050
12.60%
Largest amount accepted at this auction
Change vs previous 30-year sale
+10 bp
12.50% on 22 Apr 2020
Accepted
NGN 296.2bn
Against NGN 60.0bn on offer
Bid cover
1.44×
Bids of NGN 425.2bn ÷ 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
- 9.200%
- Bid range
- 7.00–12.75%
- Previous
- 9.000% 2020-04-22
- Change, bp
- +20
- Offered, NGNm
- 20,000
- Bids, NGNm
- 81,890
- Accepted, NGNm
- 67,370
- Bid cover
- 1.22×
- Source
- notice
- 15-year12.50% FGN MAR 2035matures 27 Mar 2035
- Sale
- reopening
- Coupon
- 12.500%
- Rate
- 11.700%
- Bid range
- 9.40–14.00%
- Previous
- 12.000% 2020-04-22
- Change, bp
- −30
- Offered, NGNm
- 20,000
- Bids, NGNm
- 154,100
- Accepted, NGNm
- 68,730
- Bid cover
- 2.24×
- Source
- notice
- 30-year12.98% FGN MAR 2050matures 27 Mar 2050
- Sale
- reopening
- Coupon
- 12.980%
- Rate
- 12.600%
- Bid range
- 11.05–13.74%
- Previous
- 12.500% 2020-04-22
- Change, bp
- +10
- Offered, NGNm
- 20,000
- Bids, NGNm
- 189,190
- Accepted, NGNm
- 160,100
- Bid cover
- 1.18×
- 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% | 9.200% | 7.00–12.75% | 9.000% 2020-04-22 | +20 | 20,000 | 81,890 | 67,370 | 1.22× | notice |
| 15-year12.50% FGN MAR 2035matures 27 Mar 2035 | reopening | 12.500% | 11.700% | 9.40–14.00% | 12.000% 2020-04-22 | −30 | 20,000 | 154,100 | 68,730 | 2.24× | notice |
| 30-year12.98% FGN MAR 2050matures 27 Mar 2050 | reopening | 12.980% | 12.600% | 11.05–13.74% | 12.500% 2020-04-22 | +10 | 20,000 | 189,190 | 160,100 | 1.18× | 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=2020-05-20&to=2020-05-20For 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, 20 May 2020, compiled from the Debt Management Office, Nigeria. Retrieved 5 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2020-05-20