Nigeria government bonds · auction 19 Aug 2020 · NGN
Nigeria bond auction, 19 Aug 2020: 30-year at 9.90%
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: 30-year bond 12.98% FGN MAR 2050
9.90%
Largest amount accepted at this auction
Change vs previous 30-year sale
−5 bp
9.95% on 22 Jul 2020
Accepted
NGN 116.7bn
Against NGN 150.0bn on offer
Bid cover
2.08×
Bids of NGN 242.2bn ÷ 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
- 6.700%
- Bid range
- 5.23–12.50%
- Previous
- 6.000% 2020-07-22
- Change, bp
- +70
- Offered, NGNm
- 25,000
- Bids, NGNm
- 32,680
- Accepted, NGNm
- 25,420
- Bid cover
- 1.29×
- Source
- notice
- 15-year12.50% FGN MAR 2035matures 27 Mar 2035
- Sale
- reopening
- Coupon
- 12.500%
- Rate
- 9.350%
- Bid range
- 8.00–12.00%
- Previous
- 9.500% 2020-07-22
- Change, bp
- −15
- Offered, NGNm
- 40,000
- Bids, NGNm
- 48,820
- Accepted, NGNm
- 21,450
- Bid cover
- 2.28×
- Source
- notice
- 25-year9.80% FGN JUL 2045matures 24 Jul 2045
- Sale
- reopening
- Coupon
- 9.800%
- Rate
- 9.750%
- Bid range
- 6.00–13.25%
- Previous
- 9.800% 2020-07-22
- Change, bp
- −5
- Offered, NGNm
- 45,000
- Bids, NGNm
- 46,440
- Accepted, NGNm
- 16,090
- Bid cover
- 2.89×
- Source
- notice
- 30-year12.98% FGN MAR 2050matures 27 Mar 2050
- Sale
- reopening
- Coupon
- 12.980%
- Rate
- 9.900%
- Bid range
- 8.50–12.15%
- Previous
- 9.950% 2020-07-22
- Change, bp
- −5
- Offered, NGNm
- 40,000
- Bids, NGNm
- 114,290
- Accepted, NGNm
- 53,690
- Bid cover
- 2.13×
- 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% | 6.700% | 5.23–12.50% | 6.000% 2020-07-22 | +70 | 25,000 | 32,680 | 25,420 | 1.29× | notice |
| 15-year12.50% FGN MAR 2035matures 27 Mar 2035 | reopening | 12.500% | 9.350% | 8.00–12.00% | 9.500% 2020-07-22 | −15 | 40,000 | 48,820 | 21,450 | 2.28× | notice |
| 25-year9.80% FGN JUL 2045matures 24 Jul 2045 | reopening | 9.800% | 9.750% | 6.00–13.25% | 9.800% 2020-07-22 | −5 | 45,000 | 46,440 | 16,090 | 2.89× | notice |
| 30-year12.98% FGN MAR 2050matures 27 Mar 2050 | reopening | 12.980% | 9.900% | 8.50–12.15% | 9.950% 2020-07-22 | −5 | 40,000 | 114,290 | 53,690 | 2.13× | 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, 19 Aug 2020, compiled from the Debt Management Office, Nigeria. Retrieved 5 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2020-08-19