Nigeria government bonds · auction 11 Dec 2023 · NGN
Nigeria bond auction, 11 Dec 2023: 30-year at 17.15%
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
17.15%
Largest amount accepted at this auction
Change vs previous 30-year sale
−85 bp
18.00% on 13 Nov 2023
Accepted
NGN 273.6bn
Against NGN 360.0bn on offer
Bid cover
3.24×
Bids of NGN 886.4bn ÷ 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
- 15.500%
- Bid range
- 14.00–17.50%
- Previous
- —
- Change, bp
- n/a
- Offered, NGNm
- 90,000
- Bids, NGNm
- 169,979
- Accepted, NGNm
- 28,614
- Bid cover
- 5.94×
- Source
- notice
- 10-year14.70% FGN JUN 2033matures 21 Jun 2033
- Sale
- reopening
- Coupon
- 14.700%
- Rate
- 16.000%
- Bid range
- 15.00–17.50%
- Previous
- —
- Change, bp
- n/a
- Offered, NGNm
- 90,000
- Bids, NGNm
- 57,430
- Accepted, NGNm
- 9,148
- Bid cover
- 6.28×
- Source
- notice
- 15-year15.45% FGN JUN 2038matures 21 Jun 2038
- Sale
- reopening
- Coupon
- 15.450%
- Rate
- 16.500%
- Bid range
- 15.00–18.00%
- Previous
- 17.500% 2023-11-13
- Change, bp
- −100
- Offered, NGNm
- 90,000
- Bids, NGNm
- 113,820
- Accepted, NGNm
- 24,343
- Bid cover
- 4.68×
- Source
- notice
- 30-year15.70% FGN JUN 2053matures 21 Jun 2053
- Sale
- reopening
- Coupon
- 15.700%
- Rate
- 17.150%
- Bid range
- 16.00–20.00%
- Previous
- 18.000% 2023-11-13
- Change, bp
- −85
- Offered, NGNm
- 90,000
- Bids, NGNm
- 545,183
- Accepted, NGNm
- 211,523
- Bid cover
- 2.58×
- 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% | 15.500% | 14.00–17.50% | — | n/a | 90,000 | 169,979 | 28,614 | 5.94× | notice |
| 10-year14.70% FGN JUN 2033matures 21 Jun 2033 | reopening | 14.700% | 16.000% | 15.00–17.50% | — | n/a | 90,000 | 57,430 | 9,148 | 6.28× | notice |
| 15-year15.45% FGN JUN 2038matures 21 Jun 2038 | reopening | 15.450% | 16.500% | 15.00–18.00% | 17.500% 2023-11-13 | −100 | 90,000 | 113,820 | 24,343 | 4.68× | notice |
| 30-year15.70% FGN JUN 2053matures 21 Jun 2053 | reopening | 15.700% | 17.150% | 16.00–20.00% | 18.000% 2023-11-13 | −85 | 90,000 | 545,183 | 211,523 | 2.58× | notice |
Source notice: dmo.gov.ng. Compiled by Afronomics, data updated 2026-10-19. Information, not advice.
Data
Take the data with you
CSV
Every Nigeria bond auction we hold, one row per line. Latest 12 months free; full history with a key.
/api/data/bonds/nigeriaJSON API
This auction’s lines as JSON. Latest 12 months free; full history with a key.
/api/v1/bonds/nigeria?from=2023-12-11&to=2023-12-11For investment teams
A 30-day pilot: an API key with the full history of every market we cover, free.
Request a pilotCite or reuse this data
Free to quote, chart and republish with the credit “Source: Afronomics, compiled from the Debt Management Office, Nigeria” and a link to this page.
Afronomics (2026). Nigeria government bond auction, 11 Dec 2023, compiled from the Debt Management Office, Nigeria. Retrieved 4 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2023-12-11