Nigeria government bonds · auction 24 Mar 2021 · NGN
Nigeria bond auction, 24 Mar 2021: 25-year at 12.00%
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: 25-year bond 9.80% FGN JUL 2045
12.00%
Largest amount accepted at this auction
Change vs previous 25-year sale
+20 bp
11.80% on 17 Feb 2021
Accepted
NGN 262.1bn
Against NGN 150.0bn on offer
Bid cover
1.27×
Bids of NGN 333.5bn ÷ 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
- 10.500%
- Bid range
- 9.95–13.00%
- Previous
- 10.250% 2021-02-17
- Change, bp
- +25
- Offered, NGNm
- 50,000
- Bids, NGNm
- 65,250
- Accepted, NGNm
- 44,010
- Bid cover
- 1.48×
- Source
- notice
- 15-year12.50% FGN MAR 2035matures 27 Mar 2035
- Sale
- reopening
- Coupon
- 12.500%
- Rate
- 11.500%
- Bid range
- 10.95–13.50%
- Previous
- 11.250% 2021-02-17
- Change, bp
- +25
- Offered, NGNm
- 50,000
- Bids, NGNm
- 110,190
- Accepted, NGNm
- 86,290
- Bid cover
- 1.28×
- Source
- notice
- 25-year9.80% FGN JUL 2045matures 24 Jul 2045
- Sale
- reopening
- Coupon
- 9.800%
- Rate
- 12.000%
- Bid range
- 9.00–14.50%
- Previous
- 11.800% 2021-02-17
- Change, bp
- +20
- Offered, NGNm
- 50,000
- Bids, NGNm
- 158,040
- Accepted, NGNm
- 131,800
- Bid cover
- 1.20×
- 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% | 10.500% | 9.95–13.00% | 10.250% 2021-02-17 | +25 | 50,000 | 65,250 | 44,010 | 1.48× | notice |
| 15-year12.50% FGN MAR 2035matures 27 Mar 2035 | reopening | 12.500% | 11.500% | 10.95–13.50% | 11.250% 2021-02-17 | +25 | 50,000 | 110,190 | 86,290 | 1.28× | notice |
| 25-year9.80% FGN JUL 2045matures 24 Jul 2045 | reopening | 9.800% | 12.000% | 9.00–14.50% | 11.800% 2021-02-17 | +20 | 50,000 | 158,040 | 131,800 | 1.20× | 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, 24 Mar 2021, compiled from the Debt Management Office, Nigeria. Retrieved 5 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2021-03-24