Nigeria government bonds · auction 15 Apr 2024 · NGN
Nigeria bond auction, 15 Apr 2024: 10-year at 20.00%
3 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: 10-year bond 19.00% FGN FEB 2034
20.00%
Largest amount accepted at this auction
Change vs previous 10-year sale
−45 bp
20.45% on 18 Mar 2024
Accepted
NGN 626.8bn
Against NGN 450.0bn on offer
Bid cover
1.47×
Bids of NGN 920.1bn ÷ accepted
Results
Every line, 3 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.
- 5-year19.300% FGN APR 2029matures 17 Apr 2029
- Sale
- —
- Coupon
- 19.300%
- Rate
- 19.300%
- Bid range
- 17.00–21.12%
- Previous
- 8.000% 2020-06-17
- Change, bp
- +1130
- Offered, NGNm
- 150,000
- Bids, NGNm
- 239,542
- Accepted, NGNm
- 79,915
- Bid cover
- 3.00×
- Source
- notice
- 7-year18.50% FGN FEB 2031matures 21 Feb 2031
- Sale
- reopening
- Coupon
- 18.500%
- Rate
- 19.750%
- Bid range
- 14.00–21.23%
- Previous
- 20.000% 2024-03-18
- Change, bp
- −25
- Offered, NGNm
- 150,000
- Bids, NGNm
- 129,718
- Accepted, NGNm
- 85,050
- Bid cover
- 1.53×
- Source
- notice
- 10-year19.00% FGN FEB 2034matures 21 Feb 2034
- Sale
- reopening
- Coupon
- 19.000%
- Rate
- 20.000%
- Bid range
- 16.00–24.00%
- Previous
- 20.450% 2024-03-18
- Change, bp
- −45
- Offered, NGNm
- 150,000
- Bids, NGNm
- 550,828
- Accepted, NGNm
- 461,848
- Bid cover
- 1.19×
- Source
- notice
| Bond | Sale | Coupon | Rate | Bid range | Previous | Change, bp | Offered, NGNm | Bids, NGNm | Accepted, NGNm | Bid cover | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 5-year19.300% FGN APR 2029matures 17 Apr 2029 | — | 19.300% | 19.300% | 17.00–21.12% | 8.000% 2020-06-17 | +1130 | 150,000 | 239,542 | 79,915 | 3.00× | notice |
| 7-year18.50% FGN FEB 2031matures 21 Feb 2031 | reopening | 18.500% | 19.750% | 14.00–21.23% | 20.000% 2024-03-18 | −25 | 150,000 | 129,718 | 85,050 | 1.53× | notice |
| 10-year19.00% FGN FEB 2034matures 21 Feb 2034 | reopening | 19.000% | 20.000% | 16.00–24.00% | 20.450% 2024-03-18 | −45 | 150,000 | 550,828 | 461,848 | 1.19× | 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, 15 Apr 2024, compiled from the Debt Management Office, Nigeria. Retrieved 4 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2024-04-15