Nigeria government bonds · auction 19 Jul 2021 · NGN
Nigeria bond auction, 19 Jul 2021: 30-year at 13.25%
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: 30-year bond 12.98% FGN MAR 2050
13.25%
Largest amount accepted at this auction
Change vs previous 30-year sale
−45 bp
13.70% on 23 Jun 2021
Accepted
NGN 138.1bn
Against NGN 150.0bn on offer
Bid cover
2.07×
Bids of NGN 286.1bn ÷ 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-year13.98% FGN FEB 2028matures 23 Feb 2028
- Sale
- reopening
- Coupon
- 13.980%
- Rate
- 12.350%
- Bid range
- 11.90–13.98%
- Previous
- 12.740% 2021-06-23
- Change, bp
- −39
- Offered, NGNm
- 50,000
- Bids, NGNm
- 56,410
- Accepted, NGNm
- 31,710
- Bid cover
- 1.78×
- Source
- notice
- 20-year12.40% FGN MAR 2036matures 18 Mar 2036
- Sale
- reopening
- Coupon
- 12.400%
- Rate
- 13.150%
- Bid range
- 11.00–14.00%
- Previous
- 15.920% 2017-09-27
- Change, bp
- −277
- Offered, NGNm
- 50,000
- Bids, NGNm
- 73,440
- Accepted, NGNm
- 51,160
- Bid cover
- 1.44×
- Source
- notice
- 30-year12.98% FGN MAR 2050matures 27 Mar 2050
- Sale
- reopening
- Coupon
- 12.980%
- Rate
- 13.250%
- Bid range
- 12.75–14.50%
- Previous
- 13.700% 2021-06-23
- Change, bp
- −45
- Offered, NGNm
- 50,000
- Bids, NGNm
- 156,260
- Accepted, NGNm
- 55,200
- Bid cover
- 2.83×
- Source
- notice
| Bond | Sale | Coupon | Rate | Bid range | Previous | Change, bp | Offered, NGNm | Bids, NGNm | Accepted, NGNm | Bid cover | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 10-year13.98% FGN FEB 2028matures 23 Feb 2028 | reopening | 13.980% | 12.350% | 11.90–13.98% | 12.740% 2021-06-23 | −39 | 50,000 | 56,410 | 31,710 | 1.78× | notice |
| 20-year12.40% FGN MAR 2036matures 18 Mar 2036 | reopening | 12.400% | 13.150% | 11.00–14.00% | 15.920% 2017-09-27 | −277 | 50,000 | 73,440 | 51,160 | 1.44× | notice |
| 30-year12.98% FGN MAR 2050matures 27 Mar 2050 | reopening | 12.980% | 13.250% | 12.75–14.50% | 13.700% 2021-06-23 | −45 | 50,000 | 156,260 | 55,200 | 2.83× | 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 Jul 2021, compiled from the Debt Management Office, Nigeria. Retrieved 5 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2021-07-19