Nigeria government bonds · auction 21 Apr 2021 · NGN
Nigeria bond auction, 21 Apr 2021: 25-year at 13.85%
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
13.85%
Largest amount accepted at this auction
Change vs previous 25-year sale
+185 bp
12.00% on 24 Mar 2021
Accepted
NGN 158.0bn
Against NGN 150.0bn on offer
Bid cover
1.68×
Bids of NGN 265.7bn ÷ 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
- 12.250%
- Bid range
- 10.50–16.00%
- Previous
- 10.500% 2021-03-24
- Change, bp
- +175
- Offered, NGNm
- 50,000
- Bids, NGNm
- 34,690
- Accepted, NGNm
- 22,970
- Bid cover
- 1.51×
- Source
- notice
- 15-year12.50% FGN MAR 2035matures 27 Mar 2035
- Sale
- reopening
- Coupon
- 12.500%
- Rate
- 13.340%
- Bid range
- 7.20–16.00%
- Previous
- 11.500% 2021-03-24
- Change, bp
- +184
- Offered, NGNm
- 50,000
- Bids, NGNm
- 56,130
- Accepted, NGNm
- 38,780
- Bid cover
- 1.45×
- Source
- notice
- 25-year9.80% FGN JUL 2045matures 24 Jul 2045
- Sale
- reopening
- Coupon
- 9.800%
- Rate
- 13.850%
- Bid range
- 11.90–16.00%
- Previous
- 12.000% 2021-03-24
- Change, bp
- +185
- Offered, NGNm
- 50,000
- Bids, NGNm
- 174,860
- Accepted, NGNm
- 96,202
- Bid cover
- 1.82×
- 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% | 12.250% | 10.50–16.00% | 10.500% 2021-03-24 | +175 | 50,000 | 34,690 | 22,970 | 1.51× | notice |
| 15-year12.50% FGN MAR 2035matures 27 Mar 2035 | reopening | 12.500% | 13.340% | 7.20–16.00% | 11.500% 2021-03-24 | +184 | 50,000 | 56,130 | 38,780 | 1.45× | notice |
| 25-year9.80% FGN JUL 2045matures 24 Jul 2045 | reopening | 9.800% | 13.850% | 11.90–16.00% | 12.000% 2021-03-24 | +185 | 50,000 | 174,860 | 96,202 | 1.82× | 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, 21 Apr 2021, compiled from the Debt Management Office, Nigeria. Retrieved 5 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2021-04-21