Nigeria government bonds · auction 14 Nov 2022 · NGN
Nigeria bond auction, 14 Nov 2022: 20-year at 16.20%
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: 20-year bond 16.2499% FGN APR 2037
16.20%
Largest amount accepted at this auction
Change vs previous 20-year sale
+20 bp
16.00% on 17 Oct 2022
Accepted
NGN 269.2bn
Against NGN 225.0bn on offer
Bid cover
1.28×
Bids of NGN 344.0bn ÷ 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
- 15.200%
- Bid range
- 14.48–16.50%
- Previous
- —
- Change, bp
- n/a
- Offered, NGNm
- 75,000
- Bids, NGNm
- 34,818
- Accepted, NGNm
- 27,118
- Bid cover
- 1.28×
- Source
- notice
- 10-year14.55% FGN APR 2029matures 26 Apr 2029
- Sale
- reopening
- Coupon
- 14.550%
- Rate
- 14.750%
- Bid range
- 13.90–16.50%
- Previous
- —
- Change, bp
- n/a
- Offered, NGNm
- 75,000
- Bids, NGNm
- 39,454
- Accepted, NGNm
- 25,126
- Bid cover
- 1.57×
- Source
- notice
- 20-year16.2499% FGN APR 2037matures 18 Apr 2037
- Sale
- reopening
- Coupon
- 16.250%
- Rate
- 16.200%
- Bid range
- 14.00–17.50%
- Previous
- 16.000% 2022-10-17
- Change, bp
- +20
- Offered, NGNm
- 75,000
- Bids, NGNm
- 269,733
- Accepted, NGNm
- 216,908
- Bid cover
- 1.24×
- 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% | 15.200% | 14.48–16.50% | — | n/a | 75,000 | 34,818 | 27,118 | 1.28× | notice |
| 10-year14.55% FGN APR 2029matures 26 Apr 2029 | reopening | 14.550% | 14.750% | 13.90–16.50% | — | n/a | 75,000 | 39,454 | 25,126 | 1.57× | notice |
| 20-year16.2499% FGN APR 2037matures 18 Apr 2037 | reopening | 16.250% | 16.200% | 14.00–17.50% | 16.000% 2022-10-17 | +20 | 75,000 | 269,733 | 216,908 | 1.24× | 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, 14 Nov 2022, compiled from the Debt Management Office, Nigeria. Retrieved 5 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2022-11-14