Nigeria government bonds · auction 16 Feb 2022 · NGN
Nigeria bond auction, 16 Feb 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
0 bp
13.00% on 19 Jan 2022
Accepted
NGN 297.4bn
Against NGN 150.0bn on offer
Bid cover
1.88×
Bids of NGN 557.7bn ÷ 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
- 10.950%
- Bid range
- 10.75–13.00%
- Previous
- 11.500% 2022-01-19
- Change, bp
- −55
- Offered, NGNm
- 75,000
- Bids, NGNm
- 325,400
- Accepted, NGNm
- 103,470
- Bid cover
- 3.14×
- Source
- notice
- 20-year13.00% FGN JAN 2042matures 21 Jan 2042
- Sale
- reopening
- Coupon
- 13.000%
- Rate
- 13.000%
- Bid range
- 12.00–14.00%
- Previous
- 13.000% 2022-01-19
- Change, bp
- 0
- Offered, NGNm
- 75,000
- Bids, NGNm
- 232,320
- Accepted, NGNm
- 193,920
- Bid cover
- 1.20×
- 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% | 10.950% | 10.75–13.00% | 11.500% 2022-01-19 | −55 | 75,000 | 325,400 | 103,470 | 3.14× | notice |
| 20-year13.00% FGN JAN 2042matures 21 Jan 2042 | reopening | 13.000% | 13.000% | 12.00–14.00% | 13.000% 2022-01-19 | 0 | 75,000 | 232,320 | 193,920 | 1.20× | 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, 16 Feb 2022, compiled from the Debt Management Office, Nigeria. Retrieved 5 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2022-02-16