Nigeria government bonds · auction 20 Oct 2021 · NGN
Nigeria bond auction, 20 Oct 2021: 30-year at 13.20%
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 12.98% FGN MAR 2050
13.20%
Largest amount accepted at this auction
Change vs previous 30-year sale
+20 bp
13.00% on 22 Sep 2021
Accepted
NGN 192.8bn
Against NGN 150.0bn on offer
Bid cover
1.30×
Bids of NGN 250.7bn ÷ 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-year12.50% FGN JAN 2026matures 22 Jan 2026
- Sale
- reopening
- Coupon
- 12.500%
- Rate
- 11.650%
- Bid range
- 10.50–13.00%
- Previous
- 11.600% 2021-09-22
- Change, bp
- +5
- Offered, NGNm
- 50,000
- Bids, NGNm
- 49,050
- Accepted, NGNm
- 44,800
- Bid cover
- 1.09×
- Source
- notice
- 20-year16.2499% FGN APR 2037matures 18 Apr 2037
- Sale
- reopening
- Coupon
- 16.250%
- Rate
- 12.950%
- Bid range
- 12.00–14.00%
- Previous
- 12.750% 2021-09-22
- Change, bp
- +20
- Offered, NGNm
- 50,000
- Bids, NGNm
- 80,920
- Accepted, NGNm
- 52,720
- Bid cover
- 1.53×
- Source
- notice
- 30-year12.98% FGN MAR 2050matures 27 Mar 2050
- Sale
- reopening
- Coupon
- 12.980%
- Rate
- 13.200%
- Bid range
- 12.70–13.99%
- Previous
- 13.000% 2021-09-22
- Change, bp
- +20
- Offered, NGNm
- 50,000
- Bids, NGNm
- 120,740
- Accepted, NGNm
- 95,240
- Bid cover
- 1.27×
- Source
- notice
| Bond | Sale | Coupon | Rate | Bid range | Previous | Change, bp | Offered, NGNm | Bids, NGNm | Accepted, NGNm | Bid cover | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 10-year12.50% FGN JAN 2026matures 22 Jan 2026 | reopening | 12.500% | 11.650% | 10.50–13.00% | 11.600% 2021-09-22 | +5 | 50,000 | 49,050 | 44,800 | 1.09× | notice |
| 20-year16.2499% FGN APR 2037matures 18 Apr 2037 | reopening | 16.250% | 12.950% | 12.00–14.00% | 12.750% 2021-09-22 | +20 | 50,000 | 80,920 | 52,720 | 1.53× | notice |
| 30-year12.98% FGN MAR 2050matures 27 Mar 2050 | reopening | 12.980% | 13.200% | 12.70–13.99% | 13.000% 2021-09-22 | +20 | 50,000 | 120,740 | 95,240 | 1.27× | 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, 20 Oct 2021, compiled from the Debt Management Office, Nigeria. Retrieved 5 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2021-10-20