Nigeria government bonds · auction 19 Jun 2023 · NGN
Nigeria bond auction, 19 Jun 2023: 30-year at 15.70%
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 15.70% FGN JUN 2053
15.70%
Largest amount accepted at this auction
Change vs previous 30-year sale
−10 bp
15.80% on 15 May 2023
Accepted
NGN 427.2bn
Against NGN 360.0bn on offer
Bid cover
1.49×
Bids of NGN 635.1bn ÷ 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-year14.55% FGN APR 2029matures 26 Apr 2029
- Sale
- reopening
- Coupon
- 14.550%
- Rate
- 13.900%
- Bid range
- 12.49–17.00%
- Previous
- —
- Change, bp
- n/a
- Offered, NGNm
- 90,000
- Bids, NGNm
- 154,340
- Accepted, NGNm
- 86,382
- Bid cover
- 1.79×
- Source
- notice
- 10-year14.70% FGN JUN 2033matures 21 Jun 2033
- Sale
- —
- Coupon
- 14.700%
- Rate
- 14.700%
- Bid range
- 12.50–16.25%
- Previous
- —
- Change, bp
- n/a
- Offered, NGNm
- 90,000
- Bids, NGNm
- 34,453
- Accepted, NGNm
- 18,570
- Bid cover
- 1.86×
- Source
- notice
- 15-year15.45% FGN JUN 2038matures 21 Jun 2038
- Sale
- —
- Coupon
- 15.450%
- Rate
- 15.450%
- Bid range
- 13.00–16.75%
- Previous
- 13.500% 2021-06-23
- Change, bp
- +195
- Offered, NGNm
- 90,000
- Bids, NGNm
- 152,612
- Accepted, NGNm
- 100,643
- Bid cover
- 1.52×
- Source
- notice
- 30-year15.70% FGN JUN 2053matures 21 Jun 2053
- Sale
- —
- Coupon
- 15.700%
- Rate
- 15.700%
- Bid range
- 14.60–16.80%
- Previous
- 15.800% 2023-05-15
- Change, bp
- −10
- Offered, NGNm
- 90,000
- Bids, NGNm
- 293,712
- Accepted, NGNm
- 221,562
- Bid cover
- 1.33×
- Source
- notice
| Bond | Sale | Coupon | Rate | Bid range | Previous | Change, bp | Offered, NGNm | Bids, NGNm | Accepted, NGNm | Bid cover | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 10-year14.55% FGN APR 2029matures 26 Apr 2029 | reopening | 14.550% | 13.900% | 12.49–17.00% | — | n/a | 90,000 | 154,340 | 86,382 | 1.79× | notice |
| 10-year14.70% FGN JUN 2033matures 21 Jun 2033 | — | 14.700% | 14.700% | 12.50–16.25% | — | n/a | 90,000 | 34,453 | 18,570 | 1.86× | notice |
| 15-year15.45% FGN JUN 2038matures 21 Jun 2038 | — | 15.450% | 15.450% | 13.00–16.75% | 13.500% 2021-06-23 | +195 | 90,000 | 152,612 | 100,643 | 1.52× | notice |
| 30-year15.70% FGN JUN 2053matures 21 Jun 2053 | — | 15.700% | 15.700% | 14.60–16.80% | 15.800% 2023-05-15 | −10 | 90,000 | 293,712 | 221,562 | 1.33× | 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, 19 Jun 2023, compiled from the Debt Management Office, Nigeria. Retrieved 5 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2023-06-19