Nigeria government bonds · auction 17 Jun 2020 · NGN
Nigeria bond auction, 17 Jun 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 12.98% FGN MAR 2050
12.15%
Largest amount accepted at this auction
Change vs previous 30-year sale
−45 bp
12.60% on 20 May 2020
Accepted
NGN 100.0bn
Against NGN 150.0bn on offer
Bid cover
5.45×
Bids of NGN 545.2bn ÷ 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
- 8.000%
- Bid range
- 7.90–12.50%
- Previous
- 9.200% 2020-05-20
- Change, bp
- −120
- Offered, NGNm
- 40,000
- Bids, NGNm
- 137,650
- Accepted, NGNm
- 32,990
- Bid cover
- 4.17×
- Source
- notice
- 15-year12.50% FGN MAR 2035matures 27 Mar 2035
- Sale
- reopening
- Coupon
- 12.500%
- Rate
- 11.000%
- Bid range
- 10.00–13.35%
- Previous
- 11.700% 2020-05-20
- Change, bp
- −70
- Offered, NGNm
- 50,000
- Bids, NGNm
- 123,560
- Accepted, NGNm
- 16,220
- Bid cover
- 7.62×
- Source
- notice
- 30-year12.98% FGN MAR 2050matures 27 Mar 2050
- Sale
- reopening
- Coupon
- 12.980%
- Rate
- 12.150%
- Bid range
- 11.54–13.16%
- Previous
- 12.600% 2020-05-20
- Change, bp
- −45
- Offered, NGNm
- 60,000
- Bids, NGNm
- 283,950
- Accepted, NGNm
- 50,790
- Bid cover
- 5.59×
- 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% | 8.000% | 7.90–12.50% | 9.200% 2020-05-20 | −120 | 40,000 | 137,650 | 32,990 | 4.17× | notice |
| 15-year12.50% FGN MAR 2035matures 27 Mar 2035 | reopening | 12.500% | 11.000% | 10.00–13.35% | 11.700% 2020-05-20 | −70 | 50,000 | 123,560 | 16,220 | 7.62× | notice |
| 30-year12.98% FGN MAR 2050matures 27 Mar 2050 | reopening | 12.980% | 12.150% | 11.54–13.16% | 12.600% 2020-05-20 | −45 | 60,000 | 283,950 | 50,790 | 5.59× | 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, 17 Jun 2020, compiled from the Debt Management Office, Nigeria. Retrieved 4 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2020-06-17