Nigeria government bonds · auction 18 Aug 2021 · NGN
Nigeria bond auction, 18 Aug 2021: 30-year at 12.80%
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
12.80%
Largest amount accepted at this auction
Change vs previous 30-year sale
−45 bp
13.25% on 19 Jul 2021
Accepted
NGN 260.1bn
Against NGN 150.0bn on offer
Bid cover
1.38×
Bids of NGN 360.0bn ÷ 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-year13.98% FGN FEB 2028matures 23 Feb 2028
- Sale
- reopening
- Coupon
- 13.980%
- Rate
- 11.600%
- Bid range
- 10.50–13.00%
- Previous
- 12.350% 2021-07-19
- Change, bp
- −75
- Offered, NGNm
- 50,000
- Bids, NGNm
- 77,690
- Accepted, NGNm
- 64,250
- Bid cover
- 1.21×
- Source
- notice
- 20-year12.40% FGN MAR 2036matures 18 Mar 2036
- Sale
- reopening
- Coupon
- 12.400%
- Rate
- 12.750%
- Bid range
- 11.00–13.65%
- Previous
- 13.150% 2021-07-19
- Change, bp
- −40
- Offered, NGNm
- 50,000
- Bids, NGNm
- 104,950
- Accepted, NGNm
- 91,030
- Bid cover
- 1.15×
- Source
- notice
- 30-year12.98% FGN MAR 2050matures 27 Mar 2050
- Sale
- reopening
- Coupon
- 12.980%
- Rate
- 12.800%
- Bid range
- 11.99–14.00%
- Previous
- 13.250% 2021-07-19
- Change, bp
- −45
- Offered, NGNm
- 50,000
- Bids, NGNm
- 177,380
- Accepted, NGNm
- 104,810
- Bid cover
- 1.69×
- 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% | 11.600% | 10.50–13.00% | 12.350% 2021-07-19 | −75 | 50,000 | 77,690 | 64,250 | 1.21× | notice |
| 20-year12.40% FGN MAR 2036matures 18 Mar 2036 | reopening | 12.400% | 12.750% | 11.00–13.65% | 13.150% 2021-07-19 | −40 | 50,000 | 104,950 | 91,030 | 1.15× | notice |
| 30-year12.98% FGN MAR 2050matures 27 Mar 2050 | reopening | 12.980% | 12.800% | 11.99–14.00% | 13.250% 2021-07-19 | −45 | 50,000 | 177,380 | 104,810 | 1.69× | 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, 18 Aug 2021, compiled from the Debt Management Office, Nigeria. Retrieved 5 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2021-08-18