Nigeria government bonds · auction 29 Jan 2024 · NGN
Nigeria bond auction, 29 Jan 2024: 15-year at 16.50%
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: 15-year bond 15.45% FGN JUN 2038
16.50%
Largest amount accepted at this auction
Change vs previous 15-year sale
0 bp
16.50% on 11 Dec 2023
Accepted
NGN 418.2bn
Against NGN 360.0bn on offer
Bid cover
1.45×
Bids of NGN 604.6bn ÷ 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
- 15.500%
- Bid range
- 12.50–18.00%
- Previous
- —
- Change, bp
- n/a
- Offered, NGNm
- 90,000
- Bids, NGNm
- 56,839
- Accepted, NGNm
- 21,939
- Bid cover
- 2.59×
- Source
- notice
- 10-year14.70% FGN JUN 2033matures 21 Jun 2033
- Sale
- reopening
- Coupon
- 14.700%
- Rate
- 16.000%
- Bid range
- 13.50–17.97%
- Previous
- —
- Change, bp
- n/a
- Offered, NGNm
- 90,000
- Bids, NGNm
- 68,846
- Accepted, NGNm
- 43,346
- Bid cover
- 1.59×
- Source
- notice
- 10-year16.2884% FGN MAR 2027matures 17 Mar 2027
- Sale
- reopening
- Coupon
- 16.288%
- Rate
- 15.000%
- Bid range
- 12.00–18.50%
- Previous
- —
- Change, bp
- n/a
- Offered, NGNm
- 90,000
- Bids, NGNm
- 166,997
- Accepted, NGNm
- 86,187
- Bid cover
- 1.94×
- Source
- notice
- 15-year15.45% FGN JUN 2038matures 21 Jun 2038
- Sale
- reopening
- Coupon
- 15.450%
- Rate
- 16.500%
- Bid range
- 15.70–18.50%
- Previous
- 16.500% 2023-12-11
- Change, bp
- 0
- Offered, NGNm
- 90,000
- Bids, NGNm
- 311,875
- Accepted, NGNm
- 266,725
- Bid cover
- 1.17×
- 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% | 12.50–18.00% | — | n/a | 90,000 | 56,839 | 21,939 | 2.59× | notice |
| 10-year14.70% FGN JUN 2033matures 21 Jun 2033 | reopening | 14.700% | 16.000% | 13.50–17.97% | — | n/a | 90,000 | 68,846 | 43,346 | 1.59× | notice |
| 10-year16.2884% FGN MAR 2027matures 17 Mar 2027 | reopening | 16.288% | 15.000% | 12.00–18.50% | — | n/a | 90,000 | 166,997 | 86,187 | 1.94× | notice |
| 15-year15.45% FGN JUN 2038matures 21 Jun 2038 | reopening | 15.450% | 16.500% | 15.70–18.50% | 16.500% 2023-12-11 | 0 | 90,000 | 311,875 | 266,725 | 1.17× | 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, 29 Jan 2024, compiled from the Debt Management Office, Nigeria. Retrieved 4 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2024-01-29