Nigeria government bonds · auction 14 Aug 2023 · NGN
Nigeria bond auction, 14 Aug 2023: 30-year at 15.85%
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
15.85%
Largest amount accepted at this auction
Change vs previous 30-year sale
+155 bp
14.30% on 17 Jul 2023
Accepted
NGN 227.8bn
Against NGN 360.0bn on offer
Bid cover
1.37×
Bids of NGN 312.6bn ÷ 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
- 13.850%
- Bid range
- 12.00–15.00%
- Previous
- —
- Change, bp
- n/a
- Offered, NGNm
- 90,000
- Bids, NGNm
- 13,230
- Accepted, NGNm
- 10,430
- Bid cover
- 1.27×
- Source
- notice
- 10-year14.70% FGN JUN 2033matures 21 Jun 2033
- Sale
- reopening
- Coupon
- 14.700%
- Rate
- 15.000%
- Bid range
- 13.50–15.50%
- Previous
- —
- Change, bp
- n/a
- Offered, NGNm
- 90,000
- Bids, NGNm
- 5,570
- Accepted, NGNm
- 4,070
- Bid cover
- 1.37×
- Source
- notice
- 15-year15.45% FGN JUN 2038matures 21 Jun 2038
- Sale
- reopening
- Coupon
- 15.450%
- Rate
- 15.200%
- Bid range
- 14.25–16.74%
- Previous
- 14.100% 2023-07-17
- Change, bp
- +110
- Offered, NGNm
- 90,000
- Bids, NGNm
- 49,530
- Accepted, NGNm
- 25,527
- Bid cover
- 1.94×
- Source
- notice
- 30-year15.70% FGN JUN 2053matures 21 Jun 2053
- Sale
- reopening
- Coupon
- 15.700%
- Rate
- 15.850%
- Bid range
- 14.50–18.00%
- Previous
- 14.300% 2023-07-17
- Change, bp
- +155
- Offered, NGNm
- 90,000
- Bids, NGNm
- 244,231
- Accepted, NGNm
- 187,731
- Bid cover
- 1.30×
- 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% | 13.850% | 12.00–15.00% | — | n/a | 90,000 | 13,230 | 10,430 | 1.27× | notice |
| 10-year14.70% FGN JUN 2033matures 21 Jun 2033 | reopening | 14.700% | 15.000% | 13.50–15.50% | — | n/a | 90,000 | 5,570 | 4,070 | 1.37× | notice |
| 15-year15.45% FGN JUN 2038matures 21 Jun 2038 | reopening | 15.450% | 15.200% | 14.25–16.74% | 14.100% 2023-07-17 | +110 | 90,000 | 49,530 | 25,527 | 1.94× | notice |
| 30-year15.70% FGN JUN 2053matures 21 Jun 2053 | reopening | 15.700% | 15.850% | 14.50–18.00% | 14.300% 2023-07-17 | +155 | 90,000 | 244,231 | 187,731 | 1.30× | 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 Aug 2023, compiled from the Debt Management Office, Nigeria. Retrieved 4 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2023-08-14