Nigeria government bonds · auction 18 Nov 2020 · NGN
Nigeria bond auction, 18 Nov 2020: 25-year at 5.79%
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
5.79%
Largest amount accepted at this auction
Change vs previous 25-year sale
−21.5 bp
6.00% on 21 Oct 2020
Accepted
NGN 80.0bn
Against NGN 80.0bn on offer
Bid cover
2.31×
Bids of NGN 184.7bn ÷ 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
- 5.000%
- Bid range
- 3.15–9.50%
- Previous
- 4.970% 2020-10-21
- Change, bp
- +3
- Offered, NGNm
- 40,000
- Bids, NGNm
- 87,700
- Accepted, NGNm
- 40,000
- Bid cover
- 2.19×
- Source
- notice
- 25-year9.80% FGN JUL 2045matures 24 Jul 2045
- Sale
- reopening
- Coupon
- 9.800%
- Rate
- 5.785%
- Bid range
- 3.95–9.00%
- Previous
- 6.000% 2020-10-21
- Change, bp
- −21.5
- Offered, NGNm
- 40,000
- Bids, NGNm
- 97,040
- Accepted, NGNm
- 40,000
- Bid cover
- 2.43×
- 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% | 5.000% | 3.15–9.50% | 4.970% 2020-10-21 | +3 | 40,000 | 87,700 | 40,000 | 2.19× | notice |
| 25-year9.80% FGN JUL 2045matures 24 Jul 2045 | reopening | 9.800% | 5.785% | 3.95–9.00% | 6.000% 2020-10-21 | −21.5 | 40,000 | 97,040 | 40,000 | 2.43× | 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, 18 Nov 2020, compiled from the Debt Management Office, Nigeria. Retrieved 5 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2020-11-18