Nigeria government bonds · auction 22 Jul 2024 · NGN
Nigeria bond auction, 22 Jul 2024: 9-year at 21.98%
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
21.98%
Largest amount accepted at this auction
Change vs previous 9-year sale
+48 bp
21.50% on 24 Jun 2024
Accepted
NGN 225.7bn
Against NGN 300.0bn on offer
Bid cover
1.24×
Bids of NGN 279.7bn ÷ 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-year19.30% FGN APR 2029matures 17 Apr 2029
- Sale
- reopening
- Coupon
- 19.300%
- Rate
- 19.890%
- Bid range
- 18.50–21.00%
- Previous
- 19.640% 2024-06-24
- Change, bp
- +25
- Offered, NGNm
- 100,000
- Bids, NGNm
- 21,485
- Accepted, NGNm
- 18,885
- Bid cover
- 1.14×
- Source
- notice
- 7-year18.50% FGN FEB 2031matures 21 Feb 2031
- Sale
- reopening
- Coupon
- 18.500%
- Rate
- 21.000%
- Bid range
- 19.50–22.38%
- Previous
- 20.190% 2024-06-24
- Change, bp
- +81
- Offered, NGNm
- 100,000
- Bids, NGNm
- 16,530
- Accepted, NGNm
- 6,180
- Bid cover
- 2.67×
- Source
- notice
- 9-year19.89% FGN MAY 2033matures 15 May 2033
- Sale
- reopening
- Coupon
- 19.890%
- Rate
- 21.980%
- Bid range
- 17.50–23.00%
- Previous
- 21.500% 2024-06-24
- Change, bp
- +48
- Offered, NGNm
- 100,000
- Bids, NGNm
- 241,649
- Accepted, NGNm
- 200,649
- Bid cover
- 1.20×
- Source
- notice
| Bond | Sale | Coupon | Rate | Bid range | Previous | Change, bp | Offered, NGNm | Bids, NGNm | Accepted, NGNm | Bid cover | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 5-year19.30% FGN APR 2029matures 17 Apr 2029 | reopening | 19.300% | 19.890% | 18.50–21.00% | 19.640% 2024-06-24 | +25 | 100,000 | 21,485 | 18,885 | 1.14× | notice |
| 7-year18.50% FGN FEB 2031matures 21 Feb 2031 | reopening | 18.500% | 21.000% | 19.50–22.38% | 20.190% 2024-06-24 | +81 | 100,000 | 16,530 | 6,180 | 2.67× | notice |
| 9-year19.89% FGN MAY 2033matures 15 May 2033 | reopening | 19.890% | 21.980% | 17.50–23.00% | 21.500% 2024-06-24 | +48 | 100,000 | 241,649 | 200,649 | 1.20× | 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, 22 Jul 2024, compiled from the Debt Management Office, Nigeria. Retrieved 4 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2024-07-22