Nigeria government bonds · auction 22 Sep 2021 · NGN
Nigeria bond auction, 22 Sep 2021: 30-year at 13.00%
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
13.00%
Largest amount accepted at this auction
Change vs previous 30-year sale
+20 bp
12.80% on 18 Aug 2021
Accepted
NGN 277.1bn
Against NGN 150.0bn on offer
Bid cover
1.21×
Bids of NGN 334.3bn ÷ 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
- 10.75–14.00%
- Previous
- 11.600% 2021-08-18
- Change, bp
- 0
- Offered, NGNm
- 50,000
- Bids, NGNm
- 52,430
- Accepted, NGNm
- 42,370
- Bid cover
- 1.24×
- Source
- notice
- 20-year12.40% FGN MAR 2036matures 18 Mar 2036
- Sale
- reopening
- Coupon
- 12.400%
- Rate
- 12.750%
- Bid range
- 9.90–14.00%
- Previous
- 12.750% 2021-08-18
- Change, bp
- 0
- Offered, NGNm
- 50,000
- Bids, NGNm
- 125,580
- Accepted, NGNm
- 115,850
- Bid cover
- 1.08×
- Source
- notice
- 30-year12.98% FGN MAR 2050matures 27 Mar 2050
- Sale
- reopening
- Coupon
- 12.980%
- Rate
- 13.000%
- Bid range
- 12.00–14.50%
- Previous
- 12.800% 2021-08-18
- Change, bp
- +20
- Offered, NGNm
- 50,000
- Bids, NGNm
- 156,310
- Accepted, NGNm
- 118,830
- Bid cover
- 1.32×
- 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% | 10.75–14.00% | 11.600% 2021-08-18 | 0 | 50,000 | 52,430 | 42,370 | 1.24× | notice |
| 20-year12.40% FGN MAR 2036matures 18 Mar 2036 | reopening | 12.400% | 12.750% | 9.90–14.00% | 12.750% 2021-08-18 | 0 | 50,000 | 125,580 | 115,850 | 1.08× | notice |
| 30-year12.98% FGN MAR 2050matures 27 Mar 2050 | reopening | 12.980% | 13.000% | 12.00–14.50% | 12.800% 2021-08-18 | +20 | 50,000 | 156,310 | 118,830 | 1.32× | 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, 22 Sep 2021, compiled from the Debt Management Office, Nigeria. Retrieved 5 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2021-09-22