Nigeria government bonds · auction 16 Oct 2023 · NGN
Nigeria bond auction, 16 Oct 2023: 30-year at 16.60%
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
16.60%
Largest amount accepted at this auction
Change vs previous 30-year sale
+35 bp
16.25% on 11 Sep 2023
Accepted
NGN 334.8bn
Against NGN 360.0bn on offer
Bid cover
1.14×
Bids of NGN 383.1bn ÷ 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
- 14.900%
- Bid range
- 14.30–15.89%
- Previous
- —
- Change, bp
- n/a
- Offered, NGNm
- 90,000
- Bids, NGNm
- 41,383
- Accepted, NGNm
- 20,534
- Bid cover
- 2.02×
- Source
- notice
- 10-year14.70% FGN JUN 2033matures 21 Jun 2033
- Sale
- reopening
- Coupon
- 14.700%
- Rate
- 15.750%
- Bid range
- 14.00–16.24%
- Previous
- —
- Change, bp
- n/a
- Offered, NGNm
- 90,000
- Bids, NGNm
- 24,469
- Accepted, NGNm
- 22,269
- Bid cover
- 1.10×
- Source
- notice
- 15-year15.45% FGN JUN 2038matures 21 Jun 2038
- Sale
- reopening
- Coupon
- 15.450%
- Rate
- 15.800%
- Bid range
- 15.00–16.39%
- Previous
- 15.550% 2023-09-11
- Change, bp
- +25
- Offered, NGNm
- 90,000
- Bids, NGNm
- 66,414
- Accepted, NGNm
- 54,864
- Bid cover
- 1.21×
- Source
- notice
- 30-year15.70% FGN JUN 2053matures 21 Jun 2053
- Sale
- reopening
- Coupon
- 15.700%
- Rate
- 16.600%
- Bid range
- 15.00–17.47%
- Previous
- 16.250% 2023-09-11
- Change, bp
- +35
- Offered, NGNm
- 90,000
- Bids, NGNm
- 250,844
- Accepted, NGNm
- 237,094
- Bid cover
- 1.06×
- 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% | 14.900% | 14.30–15.89% | — | n/a | 90,000 | 41,383 | 20,534 | 2.02× | notice |
| 10-year14.70% FGN JUN 2033matures 21 Jun 2033 | reopening | 14.700% | 15.750% | 14.00–16.24% | — | n/a | 90,000 | 24,469 | 22,269 | 1.10× | notice |
| 15-year15.45% FGN JUN 2038matures 21 Jun 2038 | reopening | 15.450% | 15.800% | 15.00–16.39% | 15.550% 2023-09-11 | +25 | 90,000 | 66,414 | 54,864 | 1.21× | notice |
| 30-year15.70% FGN JUN 2053matures 21 Jun 2053 | reopening | 15.700% | 16.600% | 15.00–17.47% | 16.250% 2023-09-11 | +35 | 90,000 | 250,844 | 237,094 | 1.06× | 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, 16 Oct 2023, compiled from the Debt Management Office, Nigeria. Retrieved 4 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2023-10-16