Nigeria government bonds · auction 20 Jan 2021 · NGN
Nigeria bond auction, 20 Jan 2021: 15-year at 8.74%
3 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
8.74%
Largest amount accepted at this auction
Change vs previous 15-year sale
+179.5 bp
6.95% on 16 Dec 2020
Accepted
NGN 122.4bn
Against NGN 150.0bn on offer
Bid cover
1.95×
Bids of NGN 238.3bn ÷ accepted
Results
Every line, 3 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-year16.2884% FGN MAR 2027matures 17 Mar 2027
- Sale
- reopening
- Coupon
- 16.288%
- Rate
- 7.980%
- Bid range
- 5.70–16.00%
- Previous
- 6.000% 2020-09-23
- Change, bp
- +198
- Offered, NGNm
- 50,000
- Bids, NGNm
- 91,840
- Accepted, NGNm
- 49,400
- Bid cover
- 1.86×
- Source
- notice
- 15-year12.50% FGN MAR 2035matures 27 Mar 2035
- Sale
- reopening
- Coupon
- 12.500%
- Rate
- 8.740%
- Bid range
- 7.50–15.00%
- Previous
- 6.945% 2020-12-16
- Change, bp
- +179.5
- Offered, NGNm
- 50,000
- Bids, NGNm
- 106,370
- Accepted, NGNm
- 57,930
- Bid cover
- 1.84×
- Source
- notice
- 25-year9.80% FGN JUL 2045matures 24 Jul 2045
- Sale
- reopening
- Coupon
- 9.800%
- Rate
- 8.950%
- Bid range
- 4.40–12.50%
- Previous
- 7.000% 2020-12-16
- Change, bp
- +195
- Offered, NGNm
- 50,000
- Bids, NGNm
- 40,070
- Accepted, NGNm
- 15,030
- Bid cover
- 2.67×
- Source
- notice
| Bond | Sale | Coupon | Rate | Bid range | Previous | Change, bp | Offered, NGNm | Bids, NGNm | Accepted, NGNm | Bid cover | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 10-year16.2884% FGN MAR 2027matures 17 Mar 2027 | reopening | 16.288% | 7.980% | 5.70–16.00% | 6.000% 2020-09-23 | +198 | 50,000 | 91,840 | 49,400 | 1.86× | notice |
| 15-year12.50% FGN MAR 2035matures 27 Mar 2035 | reopening | 12.500% | 8.740% | 7.50–15.00% | 6.945% 2020-12-16 | +179.5 | 50,000 | 106,370 | 57,930 | 1.84× | notice |
| 25-year9.80% FGN JUL 2045matures 24 Jul 2045 | reopening | 9.800% | 8.950% | 4.40–12.50% | 7.000% 2020-12-16 | +195 | 50,000 | 40,070 | 15,030 | 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, 20 Jan 2021, compiled from the Debt Management Office, Nigeria. Retrieved 5 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2021-01-20