Nigeria government bonds · auction 23 Jun 2021 · NGN
Nigeria bond auction, 23 Jun 2021: 30-year at 13.70%
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 12.98% FGN MAR 2050
13.70%
Largest amount accepted at this auction
Change vs previous 30-year sale
−50 bp
14.20% on 19 May 2021
Accepted
NGN 325.8bn
Against NGN 150.0bn on offer
Bid cover
1.28×
Bids of NGN 417.5bn ÷ 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
- 12.740%
- Bid range
- 10.00–14.00%
- Previous
- 13.100% 2021-05-19
- Change, bp
- −36
- Offered, NGNm
- 50,000
- Bids, NGNm
- 66,210
- Accepted, NGNm
- 50,810
- Bid cover
- 1.30×
- Source
- notice
- 15-year12.50% FGN MAR 2035matures 27 Mar 2035
- Sale
- reopening
- Coupon
- 12.500%
- Rate
- 13.500%
- Bid range
- 8.40–14.30%
- Previous
- 14.000% 2021-05-19
- Change, bp
- −50
- Offered, NGNm
- 50,000
- Bids, NGNm
- 127,450
- Accepted, NGNm
- 103,900
- Bid cover
- 1.23×
- Source
- notice
- 30-year12.98% FGN MAR 2050matures 27 Mar 2050
- Sale
- reopening
- Coupon
- 12.980%
- Rate
- 13.700%
- Bid range
- 12.45–14.99%
- Previous
- 14.200% 2021-05-19
- Change, bp
- −50
- Offered, NGNm
- 50,000
- Bids, NGNm
- 223,820
- Accepted, NGNm
- 171,090
- Bid cover
- 1.31×
- 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% | 12.740% | 10.00–14.00% | 13.100% 2021-05-19 | −36 | 50,000 | 66,210 | 50,810 | 1.30× | notice |
| 15-year12.50% FGN MAR 2035matures 27 Mar 2035 | reopening | 12.500% | 13.500% | 8.40–14.30% | 14.000% 2021-05-19 | −50 | 50,000 | 127,450 | 103,900 | 1.23× | notice |
| 30-year12.98% FGN MAR 2050matures 27 Mar 2050 | reopening | 12.980% | 13.700% | 12.45–14.99% | 14.200% 2021-05-19 | −50 | 50,000 | 223,820 | 171,090 | 1.31× | 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, 23 Jun 2021, compiled from the Debt Management Office, Nigeria. Retrieved 5 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2021-06-23