Nigeria government bonds · auction 18 Jul 2022 · NGN
Nigeria bond auction, 18 Jul 2022: 20-year at 13.75%
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
13.75%
Largest amount accepted at this auction
Change vs previous 20-year sale
+59.9 bp
13.15% on 20 Jun 2022
Accepted
NGN 123.8bn
Against NGN 225.0bn on offer
Bid cover
1.15×
Bids of NGN 142.3bn ÷ 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-year12.50% FGN APR 2032matures 27 Apr 2032
- Sale
- reopening
- Coupon
- 12.500%
- Rate
- 13.000%
- Bid range
- 12.40–15.00%
- Previous
- —
- Change, bp
- n/a
- Offered, NGNm
- 75,000
- Bids, NGNm
- 25,620
- Accepted, NGNm
- 17,820
- Bid cover
- 1.44×
- Source
- notice
- 10-year13.53% FGN MAR 2025matures 23 Mar 2025
- Sale
- reopening
- Coupon
- 13.530%
- Rate
- 11.000%
- Bid range
- 8.20–12.50%
- Previous
- —
- Change, bp
- n/a
- Offered, NGNm
- 75,000
- Bids, NGNm
- 11,750
- Accepted, NGNm
- 5,300
- Bid cover
- 2.22×
- Source
- notice
- 20-year13.00% FGN JAN 2042matures 21 Jan 2042
- Sale
- reopening
- Coupon
- 13.000%
- Rate
- 13.749%
- Bid range
- 13.00–14.50%
- Previous
- 13.150% 2022-06-20
- Change, bp
- +59.9
- Offered, NGNm
- 75,000
- Bids, NGNm
- 104,920
- Accepted, NGNm
- 100,720
- Bid cover
- 1.04×
- 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 | reopening | 12.500% | 13.000% | 12.40–15.00% | — | n/a | 75,000 | 25,620 | 17,820 | 1.44× | notice |
| 10-year13.53% FGN MAR 2025matures 23 Mar 2025 | reopening | 13.530% | 11.000% | 8.20–12.50% | — | n/a | 75,000 | 11,750 | 5,300 | 2.22× | notice |
| 20-year13.00% FGN JAN 2042matures 21 Jan 2042 | reopening | 13.000% | 13.749% | 13.00–14.50% | 13.150% 2022-06-20 | +59.9 | 75,000 | 104,920 | 100,720 | 1.04× | 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, 18 Jul 2022, compiled from the Debt Management Office, Nigeria. Retrieved 5 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2022-07-18