Nigeria government bonds · auction 24 Jun 2024 · NGN
Nigeria bond auction, 24 Jun 2024: 9-year at 21.50%
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
21.50%
Largest amount accepted at this auction
Change vs previous 9-year sale
+161 bp
19.89% on 13 May 2024
Accepted
NGN 297.0bn
Against NGN 450.0bn on offer
Bid cover
1.03×
Bids of NGN 305.3bn ÷ 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
- 19.640%
- Bid range
- 18.50–20.00%
- Previous
- 19.290% 2024-05-13
- Change, bp
- +35
- Offered, NGNm
- 150,000
- Bids, NGNm
- 22,225
- Accepted, NGNm
- 22,125
- Bid cover
- 1.00×
- Source
- notice
- 7-year18.50% FGN FEB 2031matures 21 Feb 2031
- Sale
- reopening
- Coupon
- 18.500%
- Rate
- 20.190%
- Bid range
- 16.00–20.59%
- Previous
- 19.740% 2024-05-13
- Change, bp
- +45
- Offered, NGNm
- 150,000
- Bids, NGNm
- 53,483
- Accepted, NGNm
- 45,383
- Bid cover
- 1.18×
- Source
- notice
- 9-year19.89% FGN MAY 2033matures 15 May 2033
- Sale
- reopening
- Coupon
- 19.890%
- Rate
- 21.500%
- Bid range
- 17.50–23.00%
- Previous
- 19.890% 2024-05-13
- Change, bp
- +161
- Offered, NGNm
- 150,000
- Bids, NGNm
- 229,549
- Accepted, NGNm
- 229,498
- Bid cover
- 1.00×
- 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% | 19.640% | 18.50–20.00% | 19.290% 2024-05-13 | +35 | 150,000 | 22,225 | 22,125 | 1.00× | notice |
| 7-year18.50% FGN FEB 2031matures 21 Feb 2031 | reopening | 18.500% | 20.190% | 16.00–20.59% | 19.740% 2024-05-13 | +45 | 150,000 | 53,483 | 45,383 | 1.18× | notice |
| 9-year19.89% FGN MAY 2033matures 15 May 2033 | reopening | 19.890% | 21.500% | 17.50–23.00% | 19.890% 2024-05-13 | +161 | 150,000 | 229,549 | 229,498 | 1.00× | 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, 24 Jun 2024, compiled from the Debt Management Office, Nigeria. Retrieved 4 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2024-06-24