Nigeria government bonds · auction 25 Apr 2022 · NGN
Nigeria bond auction, 25 Apr 2022: 20-year at 12.90%
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: 20-year bond 13.00% FGN JAN 2042
12.90%
Largest amount accepted at this auction
Change vs previous 20-year sale
+20 bp
12.70% on 21 Mar 2022
Accepted
NGN 219.9bn
Against NGN 225.0bn on offer
Bid cover
1.86×
Bids of NGN 409.4bn ÷ 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 APR 2032matures 27 Apr 2032
- Sale
- new
- Coupon
- 12.500%
- Rate
- 12.500%
- Bid range
- 10.00–13.25%
- Previous
- 10.150% 2022-03-21
- Change, bp
- +235
- Offered, NGNm
- 75,000
- Bids, NGNm
- 78,220
- Accepted, NGNm
- 65,920
- Bid cover
- 1.19×
- Source
- notice
- 10-year13.53% FGN MAR 2025matures 23 Mar 2025
- Sale
- reopening
- Coupon
- 13.530%
- Rate
- 10.000%
- Bid range
- 8.20–12.00%
- Previous
- 10.150% 2022-03-21
- Change, bp
- −15
- Offered, NGNm
- 75,000
- Bids, NGNm
- 108,430
- Accepted, NGNm
- 74,280
- Bid cover
- 1.46×
- Source
- notice
- 20-year13.00% FGN JAN 2042matures 21 Jan 2042
- Sale
- reopening
- Coupon
- 13.000%
- Rate
- 12.900%
- Bid range
- 12.00–14.00%
- Previous
- 12.700% 2022-03-21
- Change, bp
- +20
- Offered, NGNm
- 75,000
- Bids, NGNm
- 222,760
- Accepted, NGNm
- 79,680
- Bid cover
- 2.80×
- Source
- notice
| Bond | Sale | Coupon | Rate | Bid range | Previous | Change, bp | Offered, NGNm | Bids, NGNm | Accepted, NGNm | Bid cover | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 10-year12.50% FGN APR 2032matures 27 Apr 2032 | new | 12.500% | 12.500% | 10.00–13.25% | 10.150% 2022-03-21 | +235 | 75,000 | 78,220 | 65,920 | 1.19× | notice |
| 10-year13.53% FGN MAR 2025matures 23 Mar 2025 | reopening | 13.530% | 10.000% | 8.20–12.00% | 10.150% 2022-03-21 | −15 | 75,000 | 108,430 | 74,280 | 1.46× | notice |
| 20-year13.00% FGN JAN 2042matures 21 Jan 2042 | reopening | 13.000% | 12.900% | 12.00–14.00% | 12.700% 2022-03-21 | +20 | 75,000 | 222,760 | 79,680 | 2.80× | 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, 25 Apr 2022, compiled from the Debt Management Office, Nigeria. Retrieved 5 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2022-04-25