Nigeria government bonds · auction 23 Sep 2020 · NGN
Nigeria bond auction, 23 Sep 2020: 10-year at 6.00%
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: 10-year bond 12.50% FGN JAN 2026
6.00%
Largest amount accepted at this auction
Change vs previous 10-year sale
−70 bp
6.70% on 19 Aug 2020
Accepted
NGN 103.8bn
Against NGN 145.0bn on offer
Bid cover
3.47×
Bids of NGN 360.2bn ÷ 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
- 6.000%
- Bid range
- 4.68–9.00%
- Previous
- 6.700% 2020-08-19
- Change, bp
- −70
- Offered, NGNm
- 25,000
- Bids, NGNm
- 83,830
- Accepted, NGNm
- 66,970
- Bid cover
- 1.25×
- Source
- notice
- 15-year12.50% FGN MAR 2035matures 27 Mar 2035
- Sale
- reopening
- Coupon
- 12.500%
- Rate
- 8.520%
- Bid range
- 7.30–12.50%
- Previous
- 9.350% 2020-08-19
- Change, bp
- −83
- Offered, NGNm
- 40,000
- Bids, NGNm
- 71,400
- Accepted, NGNm
- 25,430
- Bid cover
- 2.81×
- Source
- notice
- 25-year9.80% FGN JUL 2045matures 24 Jul 2045
- Sale
- reopening
- Coupon
- 9.800%
- Rate
- 8.900%
- Bid range
- 8.00–10.45%
- Previous
- 9.750% 2020-08-19
- Change, bp
- −85
- Offered, NGNm
- 40,000
- Bids, NGNm
- 41,060
- Accepted, NGNm
- 6,810
- Bid cover
- 6.03×
- Source
- notice
- 30-year12.98% FGN MAR 2050matures 27 Mar 2050
- Sale
- reopening
- Coupon
- 12.980%
- Rate
- 8.940%
- Bid range
- 8.33–12.50%
- Previous
- 9.900% 2020-08-19
- Change, bp
- −96
- Offered, NGNm
- 40,000
- Bids, NGNm
- 163,930
- Accepted, NGNm
- 4,600
- Bid cover
- 35.64×
- 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% | 4.68–9.00% | 6.700% 2020-08-19 | −70 | 25,000 | 83,830 | 66,970 | 1.25× | notice |
| 15-year12.50% FGN MAR 2035matures 27 Mar 2035 | reopening | 12.500% | 8.520% | 7.30–12.50% | 9.350% 2020-08-19 | −83 | 40,000 | 71,400 | 25,430 | 2.81× | notice |
| 25-year9.80% FGN JUL 2045matures 24 Jul 2045 | reopening | 9.800% | 8.900% | 8.00–10.45% | 9.750% 2020-08-19 | −85 | 40,000 | 41,060 | 6,810 | 6.03× | notice |
| 30-year12.98% FGN MAR 2050matures 27 Mar 2050 | reopening | 12.980% | 8.940% | 8.33–12.50% | 9.900% 2020-08-19 | −96 | 40,000 | 163,930 | 4,600 | 35.64× | 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, 23 Sep 2020, compiled from the Debt Management Office, Nigeria. Retrieved 5 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2020-09-23