Nigeria government bonds · auction 22 Jul 2020 · NGN
Nigeria bond auction, 22 Jul 2020: 25-year at 9.80%
4 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: 25-year bond 9.80% FGN JUL 2045
9.80%
Largest amount accepted at this auction
Change vs previous 25-year sale
—
No earlier sale of this tenor in the data
Accepted
NGN 177.0bn
Against NGN 130.0bn on offer
Bid cover
2.66×
Bids of NGN 470.1bn ÷ accepted
Results
Every line, 4 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.
- 10-year12.50% FGN JAN 2026matures 22 Jan 2026
- Sale
- reopening
- Coupon
- 12.500%
- Rate
- 6.000%
- Bid range
- 5.00–11.50%
- Previous
- 10.700% 2020-02-19
- Change, bp
- −470
- Offered, NGNm
- 25,000
- Bids, NGNm
- 71,970
- Accepted, NGNm
- 25,000
- Bid cover
- 2.88×
- Source
- notice
- 15-year12.50% FGN MAR 2035matures 27 Mar 2035
- Sale
- reopening
- Coupon
- 12.500%
- Rate
- 9.500%
- Bid range
- 7.50–12.00%
- Previous
- 11.000% 2020-06-17
- Change, bp
- −150
- Offered, NGNm
- 35,000
- Bids, NGNm
- 60,320
- Accepted, NGNm
- 42,000
- Bid cover
- 1.44×
- Source
- notice
- 25-year9.80% FGN JUL 2045matures 24 Jul 2045
- Sale
- new
- Coupon
- 9.800%
- Rate
- 9.800%
- Bid range
- 4.00–12.60%
- Previous
- —
- Change, bp
- first
- Offered, NGNm
- 35,000
- Bids, NGNm
- 130,270
- Accepted, NGNm
- 75,000
- Bid cover
- 1.74×
- Source
- notice
- 30-year12.98% FGN MAR 2050matures 27 Mar 2050
- Sale
- reopening
- Coupon
- 12.980%
- Rate
- 9.950%
- Bid range
- 9.00–11.50%
- Previous
- 12.150% 2020-06-17
- Change, bp
- −220
- Offered, NGNm
- 35,000
- Bids, NGNm
- 207,570
- Accepted, NGNm
- 35,000
- Bid cover
- 5.93×
- Source
- notice
| Bond | Sale | Coupon | Rate | Bid range | Previous | Change, bp | Offered, NGNm | Bids, NGNm | Accepted, NGNm | Bid cover | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 10-year12.50% FGN JAN 2026matures 22 Jan 2026 | reopening | 12.500% | 6.000% | 5.00–11.50% | 10.700% 2020-02-19 | −470 | 25,000 | 71,970 | 25,000 | 2.88× | notice |
| 15-year12.50% FGN MAR 2035matures 27 Mar 2035 | reopening | 12.500% | 9.500% | 7.50–12.00% | 11.000% 2020-06-17 | −150 | 35,000 | 60,320 | 42,000 | 1.44× | notice |
| 25-year9.80% FGN JUL 2045matures 24 Jul 2045 | new | 9.800% | 9.800% | 4.00–12.60% | — | first | 35,000 | 130,270 | 75,000 | 1.74× | notice |
| 30-year12.98% FGN MAR 2050matures 27 Mar 2050 | reopening | 12.980% | 9.950% | 9.00–11.50% | 12.150% 2020-06-17 | −220 | 35,000 | 207,570 | 35,000 | 5.93× | 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, 22 Jul 2020, compiled from the Debt Management Office, Nigeria. Retrieved 5 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2020-07-22