Nigeria government bonds · auction 19 Jan 2022 · NGN
Nigeria bond auction, 19 Jan 2022: 20-year at 13.00%
2 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: 20-year bond 13.00% FGN JAN 2042
13.00%
Largest amount accepted at this auction
Change vs previous 20-year sale
−10 bp
13.10% on 15 Dec 2021
Accepted
NGN 170.6bn
Against NGN 150.0bn on offer
Bid cover
1.91×
Bids of NGN 325.2bn ÷ accepted
Results
Every line, 2 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
- 11.500%
- Bid range
- 10.80–13.25%
- Previous
- 11.650% 2021-12-15
- Change, bp
- −15
- Offered, NGNm
- 75,000
- Bids, NGNm
- 111,190
- Accepted, NGNm
- 81,720
- Bid cover
- 1.36×
- Source
- notice
- 20-year13.00% FGN JAN 2042matures 21 Jan 2042
- Sale
- new
- Coupon
- 13.000%
- Rate
- 13.000%
- Bid range
- 11.00–14.50%
- Previous
- 13.100% 2021-12-15
- Change, bp
- −10
- Offered, NGNm
- 75,000
- Bids, NGNm
- 214,050
- Accepted, NGNm
- 88,920
- Bid cover
- 2.41×
- 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% | 11.500% | 10.80–13.25% | 11.650% 2021-12-15 | −15 | 75,000 | 111,190 | 81,720 | 1.36× | notice |
| 20-year13.00% FGN JAN 2042matures 21 Jan 2042 | new | 13.000% | 13.000% | 11.00–14.50% | 13.100% 2021-12-15 | −10 | 75,000 | 214,050 | 88,920 | 2.41× | 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 Jan 2022, compiled from the Debt Management Office, Nigeria. Retrieved 5 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2022-01-19