Nigeria government bonds · auction 17 Apr 2023 · NGN
Nigeria bond auction, 17 Apr 2023: 30-year at 15.80%
4 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: 30-year bond 12.98% FGN MAR 2050
15.80%
Largest amount accepted at this auction
Change vs previous 30-year sale
+250 bp
13.30% on 17 Nov 2021
Accepted
NGN 368.7bn
Against NGN 360.0bn on offer
Bid cover
1.20×
Bids of NGN 444.0bn ÷ accepted
Results
Every line, 4 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
- 14.800%
- Bid range
- 13.93–15.50%
- Previous
- —
- Change, bp
- n/a
- Offered, NGNm
- 90,000
- Bids, NGNm
- 5,109
- Accepted, NGNm
- 2,059
- Bid cover
- 2.48×
- Source
- notice
- 10-year13.98% FGN FEB 2028matures 23 Feb 2028
- Sale
- reopening
- Coupon
- 13.980%
- Rate
- 14.000%
- Bid range
- 13.75–14.50%
- Previous
- —
- Change, bp
- n/a
- Offered, NGNm
- 90,000
- Bids, NGNm
- 14,056
- Accepted, NGNm
- 4,663
- Bid cover
- 3.01×
- Source
- notice
- 20-year13.00% FGN JAN 2042matures 21 Jan 2042
- Sale
- reopening
- Coupon
- 13.000%
- Rate
- 15.400%
- Bid range
- 13.00–16.30%
- Previous
- 15.800% 2022-12-12
- Change, bp
- −40
- Offered, NGNm
- 90,000
- Bids, NGNm
- 101,970
- Accepted, NGNm
- 95,737
- Bid cover
- 1.07×
- Source
- notice
- 30-year12.98% FGN MAR 2050matures 27 Mar 2050
- Sale
- reopening
- Coupon
- 12.980%
- Rate
- 15.800%
- Bid range
- 14.74–17.00%
- Previous
- 13.300% 2021-11-17
- Change, bp
- +250
- Offered, NGNm
- 90,000
- Bids, NGNm
- 322,896
- Accepted, NGNm
- 266,206
- Bid cover
- 1.21×
- 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% | 14.800% | 13.93–15.50% | — | n/a | 90,000 | 5,109 | 2,059 | 2.48× | notice |
| 10-year13.98% FGN FEB 2028matures 23 Feb 2028 | reopening | 13.980% | 14.000% | 13.75–14.50% | — | n/a | 90,000 | 14,056 | 4,663 | 3.01× | notice |
| 20-year13.00% FGN JAN 2042matures 21 Jan 2042 | reopening | 13.000% | 15.400% | 13.00–16.30% | 15.800% 2022-12-12 | −40 | 90,000 | 101,970 | 95,737 | 1.07× | notice |
| 30-year12.98% FGN MAR 2050matures 27 Mar 2050 | reopening | 12.980% | 15.800% | 14.74–17.00% | 13.300% 2021-11-17 | +250 | 90,000 | 322,896 | 266,206 | 1.21× | 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, 17 Apr 2023, compiled from the Debt Management Office, Nigeria. Retrieved 5 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2023-04-17