Nigeria government bonds · auction 16 Dec 2020 · NGN
Nigeria bond auction, 16 Dec 2020: 15-year at 6.95%
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: 15-year bond 12.50% FGN MAR 2035
6.95%
Largest amount accepted at this auction
Change vs previous 15-year sale
+194.5 bp
5.00% on 18 Nov 2020
Accepted
NGN 30.0bn
Against NGN 60.0bn on offer
Bid cover
4.47×
Bids of NGN 134.1bn ÷ 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
- 6.945%
- Bid range
- 5.00–13.00%
- Previous
- 5.000% 2020-11-18
- Change, bp
- +194.5
- Offered, NGNm
- 30,000
- Bids, NGNm
- 90,890
- Accepted, NGNm
- 20,000
- Bid cover
- 4.54×
- Source
- notice
- 25-year9.80% FGN JUL 2045matures 24 Jul 2045
- Sale
- reopening
- Coupon
- 9.800%
- Rate
- 7.000%
- Bid range
- 5.79–12.50%
- Previous
- 5.785% 2020-11-18
- Change, bp
- +121.5
- Offered, NGNm
- 30,000
- Bids, NGNm
- 43,170
- Accepted, NGNm
- 10,000
- Bid cover
- 4.32×
- 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% | 6.945% | 5.00–13.00% | 5.000% 2020-11-18 | +194.5 | 30,000 | 90,890 | 20,000 | 4.54× | notice |
| 25-year9.80% FGN JUL 2045matures 24 Jul 2045 | reopening | 9.800% | 7.000% | 5.79–12.50% | 5.785% 2020-11-18 | +121.5 | 30,000 | 43,170 | 10,000 | 4.32× | 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, 16 Dec 2020, compiled from the Debt Management Office, Nigeria. Retrieved 4 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2020-12-16