Nigeria government bonds · auction 13 Nov 2023 · NGN
Nigeria bond auction, 13 Nov 2023: 30-year at 18.00%
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
18.00%
Largest amount accepted at this auction
Change vs previous 30-year sale
+140 bp
16.60% on 16 Oct 2023
Accepted
NGN 434.5bn
Against NGN 360.0bn on offer
Bid cover
1.02×
Bids of NGN 445.3bn ÷ 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
- 16.000%
- Bid range
- 15.00–16.70%
- Previous
- —
- Change, bp
- n/a
- Offered, NGNm
- 90,000
- Bids, NGNm
- 34,770
- Accepted, NGNm
- 31,470
- Bid cover
- 1.10×
- Source
- notice
- 10-year14.70% FGN JUN 2033matures 21 Jun 2033
- Sale
- reopening
- Coupon
- 14.700%
- Rate
- 17.000%
- Bid range
- 14.99–17.00%
- Previous
- —
- Change, bp
- n/a
- Offered, NGNm
- 90,000
- Bids, NGNm
- 33,193
- Accepted, NGNm
- 33,193
- Bid cover
- 1.00×
- Source
- notice
- 15-year15.45% FGN JUN 2038matures 21 Jun 2038
- Sale
- reopening
- Coupon
- 15.450%
- Rate
- 17.500%
- Bid range
- 15.50–17.50%
- Previous
- 15.800% 2023-10-16
- Change, bp
- +170
- Offered, NGNm
- 90,000
- Bids, NGNm
- 47,065
- Accepted, NGNm
- 47,065
- Bid cover
- 1.00×
- Source
- notice
- 30-year15.70% FGN JUN 2053matures 21 Jun 2053
- Sale
- reopening
- Coupon
- 15.700%
- Rate
- 18.000%
- Bid range
- 15.70–20.00%
- Previous
- 16.600% 2023-10-16
- Change, bp
- +140
- Offered, NGNm
- 90,000
- Bids, NGNm
- 330,269
- Accepted, NGNm
- 322,769
- Bid cover
- 1.02×
- 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% | 16.000% | 15.00–16.70% | — | n/a | 90,000 | 34,770 | 31,470 | 1.10× | notice |
| 10-year14.70% FGN JUN 2033matures 21 Jun 2033 | reopening | 14.700% | 17.000% | 14.99–17.00% | — | n/a | 90,000 | 33,193 | 33,193 | 1.00× | notice |
| 15-year15.45% FGN JUN 2038matures 21 Jun 2038 | reopening | 15.450% | 17.500% | 15.50–17.50% | 15.800% 2023-10-16 | +170 | 90,000 | 47,065 | 47,065 | 1.00× | notice |
| 30-year15.70% FGN JUN 2053matures 21 Jun 2053 | reopening | 15.700% | 18.000% | 15.70–20.00% | 16.600% 2023-10-16 | +140 | 90,000 | 330,269 | 322,769 | 1.02× | 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, 13 Nov 2023, compiled from the Debt Management Office, Nigeria. Retrieved 4 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2023-11-13