Nigeria government bonds · auction 15 May 2023 · NGN
Nigeria bond auction, 15 May 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
0 bp
15.80% on 17 Apr 2023
Accepted
NGN 368.2bn
Against NGN 360.0bn on offer
Bid cover
1.30×
Bids of NGN 478.9bn ÷ 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
- 14.900%
- Bid range
- 14.60–15.85%
- Previous
- —
- Change, bp
- n/a
- Offered, NGNm
- 90,000
- Bids, NGNm
- 10,195
- Accepted, NGNm
- 9,394
- Bid cover
- 1.09×
- Source
- notice
- 10-year13.98% FGN FEB 2028matures 23 Feb 2028
- Sale
- reopening
- Coupon
- 13.980%
- Rate
- 14.100%
- Bid range
- 13.68–15.00%
- Previous
- —
- Change, bp
- n/a
- Offered, NGNm
- 90,000
- Bids, NGNm
- 74,597
- Accepted, NGNm
- 61,911
- Bid cover
- 1.20×
- Source
- notice
- 20-year13.00% FGN JAN 2042matures 21 Jan 2042
- Sale
- reopening
- Coupon
- 13.000%
- Rate
- 15.690%
- Bid range
- 14.50–16.00%
- Previous
- 15.400% 2023-04-17
- Change, bp
- +29
- Offered, NGNm
- 90,000
- Bids, NGNm
- 53,862
- Accepted, NGNm
- 53,162
- Bid cover
- 1.01×
- Source
- notice
- 30-year12.98% FGN MAR 2050matures 27 Mar 2050
- Sale
- reopening
- Coupon
- 12.980%
- Rate
- 15.800%
- Bid range
- 14.50–16.50%
- Previous
- 15.800% 2023-04-17
- Change, bp
- 0
- Offered, NGNm
- 90,000
- Bids, NGNm
- 340,264
- Accepted, NGNm
- 243,692
- Bid cover
- 1.40×
- 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% | 14.900% | 14.60–15.85% | — | n/a | 90,000 | 10,195 | 9,394 | 1.09× | notice |
| 10-year13.98% FGN FEB 2028matures 23 Feb 2028 | reopening | 13.980% | 14.100% | 13.68–15.00% | — | n/a | 90,000 | 74,597 | 61,911 | 1.20× | notice |
| 20-year13.00% FGN JAN 2042matures 21 Jan 2042 | reopening | 13.000% | 15.690% | 14.50–16.00% | 15.400% 2023-04-17 | +29 | 90,000 | 53,862 | 53,162 | 1.01× | notice |
| 30-year12.98% FGN MAR 2050matures 27 Mar 2050 | reopening | 12.980% | 15.800% | 14.50–16.50% | 15.800% 2023-04-17 | 0 | 90,000 | 340,264 | 243,692 | 1.40× | 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, 15 May 2023, compiled from the Debt Management Office, Nigeria. Retrieved 4 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2023-05-15