Nigeria government bonds · auction 17 Feb 2021 · NGN
Nigeria bond auction, 17 Feb 2021: 10-year at 10.25%
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: 10-year bond 16.2884% FGN MAR 2027
10.25%
Largest amount accepted at this auction
Change vs previous 10-year sale
+227 bp
7.98% on 20 Jan 2021
Accepted
NGN 80.6bn
Against NGN 150.0bn on offer
Bid cover
2.35×
Bids of NGN 189.5bn ÷ 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
- 10.250%
- Bid range
- 8.14–13.00%
- Previous
- 7.980% 2021-01-20
- Change, bp
- +227
- Offered, NGNm
- 50,000
- Bids, NGNm
- 77,050
- Accepted, NGNm
- 33,620
- Bid cover
- 2.29×
- Source
- notice
- 15-year12.50% FGN MAR 2035matures 27 Mar 2035
- Sale
- reopening
- Coupon
- 12.500%
- Rate
- 11.250%
- Bid range
- 10.00–13.50%
- Previous
- 8.740% 2021-01-20
- Change, bp
- +251
- Offered, NGNm
- 50,000
- Bids, NGNm
- 72,330
- Accepted, NGNm
- 28,900
- Bid cover
- 2.50×
- Source
- notice
- 25-year9.80% FGN JUL 2045matures 24 Jul 2045
- Sale
- reopening
- Coupon
- 9.800%
- Rate
- 11.800%
- Bid range
- 10.00–15.00%
- Previous
- 8.950% 2021-01-20
- Change, bp
- +285
- Offered, NGNm
- 50,000
- Bids, NGNm
- 40,130
- Accepted, NGNm
- 18,030
- Bid cover
- 2.23×
- 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% | 10.250% | 8.14–13.00% | 7.980% 2021-01-20 | +227 | 50,000 | 77,050 | 33,620 | 2.29× | notice |
| 15-year12.50% FGN MAR 2035matures 27 Mar 2035 | reopening | 12.500% | 11.250% | 10.00–13.50% | 8.740% 2021-01-20 | +251 | 50,000 | 72,330 | 28,900 | 2.50× | notice |
| 25-year9.80% FGN JUL 2045matures 24 Jul 2045 | reopening | 9.800% | 11.800% | 10.00–15.00% | 8.950% 2021-01-20 | +285 | 50,000 | 40,130 | 18,030 | 2.23× | 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, 17 Feb 2021, compiled from the Debt Management Office, Nigeria. Retrieved 5 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2021-02-17