Nigeria government bonds · auction 13 May 2024 · NGN
Nigeria bond auction, 13 May 2024: 9-year at 19.89%
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: 9-year bond 19.89% FGN MAY 2033
19.89%
Largest amount accepted at this auction
Change vs previous 9-year sale
—
No earlier sale of this tenor in the data
Accepted
NGN 380.8bn
Against NGN 450.0bn on offer
Bid cover
1.45×
Bids of NGN 551.3bn ÷ 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
- 19.290%
- Bid range
- 17.50–21.00%
- Previous
- 19.300% 2024-04-15
- Change, bp
- −1
- Offered, NGNm
- 150,000
- Bids, NGNm
- 100,566
- Accepted, NGNm
- 32,670
- Bid cover
- 3.08×
- Source
- notice
- 7-year18.50% FGN FEB 2031matures 21 Feb 2031
- Sale
- reopening
- Coupon
- 18.500%
- Rate
- 19.740%
- Bid range
- 17.20–20.80%
- Previous
- 19.750% 2024-04-15
- Change, bp
- −1
- Offered, NGNm
- 150,000
- Bids, NGNm
- 76,875
- Accepted, NGNm
- 62,975
- Bid cover
- 1.22×
- Source
- notice
- 9-year19.89% FGN MAY 2033matures 15 May 2033
- Sale
- —
- Coupon
- 19.890%
- Rate
- 19.890%
- Bid range
- 16.95–22.00%
- Previous
- —
- Change, bp
- first
- Offered, NGNm
- 150,000
- Bids, NGNm
- 373,875
- Accepted, NGNm
- 285,124
- Bid cover
- 1.31×
- 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% | 19.290% | 17.50–21.00% | 19.300% 2024-04-15 | −1 | 150,000 | 100,566 | 32,670 | 3.08× | notice |
| 7-year18.50% FGN FEB 2031matures 21 Feb 2031 | reopening | 18.500% | 19.740% | 17.20–20.80% | 19.750% 2024-04-15 | −1 | 150,000 | 76,875 | 62,975 | 1.22× | notice |
| 9-year19.89% FGN MAY 2033matures 15 May 2033 | — | 19.890% | 19.890% | 16.95–22.00% | — | first | 150,000 | 373,875 | 285,124 | 1.31× | 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 May 2024, compiled from the Debt Management Office, Nigeria. Retrieved 4 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2024-05-13