Nigeria government bonds · auction 11 Sep 2023 · NGN
Nigeria bond auction, 11 Sep 2023: 30-year at 16.25%
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
16.25%
Largest amount accepted at this auction
Change vs previous 30-year sale
+40 bp
15.85% on 14 Aug 2023
Accepted
NGN 251.5bn
Against NGN 360.0bn on offer
Bid cover
1.16×
Bids of NGN 291.0bn ÷ 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-year14.55% FGN APR 2029matures 26 Apr 2029
- Sale
- reopening
- Coupon
- 14.550%
- Rate
- 14.500%
- Bid range
- 13.75–15.00%
- Previous
- —
- Change, bp
- n/a
- Offered, NGNm
- 90,000
- Bids, NGNm
- 44,545
- Accepted, NGNm
- 43,645
- Bid cover
- 1.02×
- Source
- notice
- 10-year14.70% FGN JUN 2033matures 21 Jun 2033
- Sale
- reopening
- Coupon
- 14.700%
- Rate
- 15.450%
- Bid range
- 14.00–15.80%
- Previous
- —
- Change, bp
- n/a
- Offered, NGNm
- 90,000
- Bids, NGNm
- 10,946
- Accepted, NGNm
- 10,446
- Bid cover
- 1.05×
- Source
- notice
- 15-year15.45% FGN JUN 2038matures 21 Jun 2038
- Sale
- reopening
- Coupon
- 15.450%
- Rate
- 15.550%
- Bid range
- 14.50–16.00%
- Previous
- 15.200% 2023-08-14
- Change, bp
- +35
- Offered, NGNm
- 90,000
- Bids, NGNm
- 29,688
- Accepted, NGNm
- 25,688
- Bid cover
- 1.16×
- Source
- notice
- 30-year15.70% FGN JUN 2053matures 21 Jun 2053
- Sale
- reopening
- Coupon
- 15.700%
- Rate
- 16.250%
- Bid range
- 15.00–17.00%
- Previous
- 15.850% 2023-08-14
- Change, bp
- +40
- Offered, NGNm
- 90,000
- Bids, NGNm
- 205,814
- Accepted, NGNm
- 171,714
- Bid cover
- 1.20×
- 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% | 14.500% | 13.75–15.00% | — | n/a | 90,000 | 44,545 | 43,645 | 1.02× | notice |
| 10-year14.70% FGN JUN 2033matures 21 Jun 2033 | reopening | 14.700% | 15.450% | 14.00–15.80% | — | n/a | 90,000 | 10,946 | 10,446 | 1.05× | notice |
| 15-year15.45% FGN JUN 2038matures 21 Jun 2038 | reopening | 15.450% | 15.550% | 14.50–16.00% | 15.200% 2023-08-14 | +35 | 90,000 | 29,688 | 25,688 | 1.16× | notice |
| 30-year15.70% FGN JUN 2053matures 21 Jun 2053 | reopening | 15.700% | 16.250% | 15.00–17.00% | 15.850% 2023-08-14 | +40 | 90,000 | 205,814 | 171,714 | 1.20× | 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, 11 Sep 2023, compiled from the Debt Management Office, Nigeria. Retrieved 4 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2023-09-11