Nigeria government bonds · auction 21 Oct 2020 · NGN
Nigeria bond auction, 21 Oct 2020: 25-year at 6.00%
2 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
6.00%
Largest amount accepted at this auction
Change vs previous 25-year sale
−290 bp
8.90% on 23 Sep 2020
Accepted
NGN 45.0bn
Against NGN 30.0bn on offer
Bid cover
5.24×
Bids of NGN 235.9bn ÷ accepted
Results
Every line, 2 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.
- 15-year12.50% FGN MAR 2035matures 27 Mar 2035
- Sale
- reopening
- Coupon
- 12.500%
- Rate
- 4.970%
- Bid range
- 4.00–12.00%
- Previous
- 8.520% 2020-09-23
- Change, bp
- −355
- Offered, NGNm
- 15,000
- Bids, NGNm
- 169,200
- Accepted, NGNm
- 20,000
- Bid cover
- 8.46×
- Source
- notice
- 25-year9.80% FGN JUL 2045matures 24 Jul 2045
- Sale
- reopening
- Coupon
- 9.800%
- Rate
- 6.000%
- Bid range
- 4.50–12.50%
- Previous
- 8.900% 2020-09-23
- Change, bp
- −290
- Offered, NGNm
- 15,000
- Bids, NGNm
- 66,670
- Accepted, NGNm
- 25,000
- Bid cover
- 2.67×
- Source
- notice
| Bond | Sale | Coupon | Rate | Bid range | Previous | Change, bp | Offered, NGNm | Bids, NGNm | Accepted, NGNm | Bid cover | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 15-year12.50% FGN MAR 2035matures 27 Mar 2035 | reopening | 12.500% | 4.970% | 4.00–12.00% | 8.520% 2020-09-23 | −355 | 15,000 | 169,200 | 20,000 | 8.46× | notice |
| 25-year9.80% FGN JUL 2045matures 24 Jul 2045 | reopening | 9.800% | 6.000% | 4.50–12.50% | 8.900% 2020-09-23 | −290 | 15,000 | 66,670 | 25,000 | 2.67× | 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, 21 Oct 2020, compiled from the Debt Management Office, Nigeria. Retrieved 5 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2020-10-21