Nigeria government bonds · auction 17 Jul 2023 · NGN
Nigeria bond auction, 17 Jul 2023: 30-year at 14.30%
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
14.30%
Largest amount accepted at this auction
Change vs previous 30-year sale
−140 bp
15.70% on 19 Jun 2023
Accepted
NGN 656.7bn
Against NGN 360.0bn on offer
Bid cover
1.44×
Bids of NGN 945.1bn ÷ 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
- 12.500%
- Bid range
- 8.99–14.25%
- Previous
- —
- Change, bp
- n/a
- Offered, NGNm
- 90,000
- Bids, NGNm
- 102,402
- Accepted, NGNm
- 52,620
- Bid cover
- 1.95×
- Source
- notice
- 10-year14.70% FGN JUN 2033matures 21 Jun 2033
- Sale
- reopening
- Coupon
- 14.700%
- Rate
- 13.600%
- Bid range
- 12.90–15.30%
- Previous
- —
- Change, bp
- n/a
- Offered, NGNm
- 90,000
- Bids, NGNm
- 50,864
- Accepted, NGNm
- 39,864
- Bid cover
- 1.28×
- Source
- notice
- 15-year15.45% FGN JUN 2038matures 21 Jun 2038
- Sale
- reopening
- Coupon
- 15.450%
- Rate
- 14.100%
- Bid range
- 11.35–15.25%
- Previous
- 15.450% 2023-06-19
- Change, bp
- −135
- Offered, NGNm
- 90,000
- Bids, NGNm
- 191,188
- Accepted, NGNm
- 146,488
- Bid cover
- 1.31×
- Source
- notice
- 30-year15.70% FGN JUN 2053matures 21 Jun 2053
- Sale
- reopening
- Coupon
- 15.700%
- Rate
- 14.300%
- Bid range
- 11.50–15.70%
- Previous
- 15.700% 2023-06-19
- Change, bp
- −140
- Offered, NGNm
- 90,000
- Bids, NGNm
- 600,686
- Accepted, NGNm
- 417,767
- Bid cover
- 1.44×
- 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% | 12.500% | 8.99–14.25% | — | n/a | 90,000 | 102,402 | 52,620 | 1.95× | notice |
| 10-year14.70% FGN JUN 2033matures 21 Jun 2033 | reopening | 14.700% | 13.600% | 12.90–15.30% | — | n/a | 90,000 | 50,864 | 39,864 | 1.28× | notice |
| 15-year15.45% FGN JUN 2038matures 21 Jun 2038 | reopening | 15.450% | 14.100% | 11.35–15.25% | 15.450% 2023-06-19 | −135 | 90,000 | 191,188 | 146,488 | 1.31× | notice |
| 30-year15.70% FGN JUN 2053matures 21 Jun 2053 | reopening | 15.700% | 14.300% | 11.50–15.70% | 15.700% 2023-06-19 | −140 | 90,000 | 600,686 | 417,767 | 1.44× | 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 Jul 2023, compiled from the Debt Management Office, Nigeria. Retrieved 5 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2023-07-17