Nigeria government bonds · auction 19 May 2021 · NGN
Nigeria bond auction, 19 May 2021: 30-year at 14.20%
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: 30-year bond 14.80% FGN APR 2049
14.20%
Largest amount accepted at this auction
Change vs previous 30-year sale
+526 bp
8.94% on 23 Sep 2020
Accepted
NGN 175.2bn
Against NGN 150.0bn on offer
Bid cover
1.61×
Bids of NGN 282.0bn ÷ 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
- 13.100%
- Bid range
- 12.50–16.00%
- Previous
- 12.250% 2021-04-21
- Change, bp
- +85
- Offered, NGNm
- 50,000
- Bids, NGNm
- 37,240
- Accepted, NGNm
- 20,140
- Bid cover
- 1.85×
- Source
- notice
- 15-year12.50% FGN MAR 2035matures 27 Mar 2035
- Sale
- reopening
- Coupon
- 12.500%
- Rate
- 14.000%
- Bid range
- 12.90–14.90%
- Previous
- 13.340% 2021-04-21
- Change, bp
- +66
- Offered, NGNm
- 50,000
- Bids, NGNm
- 57,350
- Accepted, NGNm
- 41,150
- Bid cover
- 1.39×
- Source
- notice
- 30-year14.80% FGN APR 2049matures 26 Apr 2049
- Sale
- reopening
- Coupon
- 14.800%
- Rate
- 14.200%
- Bid range
- 7.90–16.00%
- Previous
- 8.940% 2020-09-23
- Change, bp
- +526
- Offered, NGNm
- 50,000
- Bids, NGNm
- 187,380
- Accepted, NGNm
- 113,950
- Bid cover
- 1.64×
- 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% | 13.100% | 12.50–16.00% | 12.250% 2021-04-21 | +85 | 50,000 | 37,240 | 20,140 | 1.85× | notice |
| 15-year12.50% FGN MAR 2035matures 27 Mar 2035 | reopening | 12.500% | 14.000% | 12.90–14.90% | 13.340% 2021-04-21 | +66 | 50,000 | 57,350 | 41,150 | 1.39× | notice |
| 30-year14.80% FGN APR 2049matures 26 Apr 2049 | reopening | 14.800% | 14.200% | 7.90–16.00% | 8.940% 2020-09-23 | +526 | 50,000 | 187,380 | 113,950 | 1.64× | 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, 19 May 2021, compiled from the Debt Management Office, Nigeria. Retrieved 5 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2021-05-19