Nigeria government bonds · auction 19 Aug 2024 · NGN
Nigeria bond auction, 19 Aug 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
−48 bp
21.98% on 22 Jul 2024
Accepted
NGN 374.8bn
Against NGN 190.0bn on offer
Bid cover
1.23×
Bids of NGN 460.2bn ÷ 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
- 20.300%
- Bid range
- 18.00–30.00%
- Previous
- 19.890% 2024-07-22
- Change, bp
- +41
- Offered, NGNm
- 70,000
- Bids, NGNm
- 24,349
- Accepted, NGNm
- 18,349
- Bid cover
- 1.33×
- Source
- notice
- 7-year18.50% FGN FEB 2031matures 21 Feb 2031
- Sale
- reopening
- Coupon
- 18.500%
- Rate
- 20.900%
- Bid range
- 18.50–30.00%
- Previous
- 21.000% 2024-07-22
- Change, bp
- −10
- Offered, NGNm
- 70,000
- Bids, NGNm
- 60,750
- Accepted, NGNm
- 42,189
- Bid cover
- 1.44×
- Source
- notice
- 9-year19.89% FGN MAY 2033matures 15 May 2033
- Sale
- reopening
- Coupon
- 19.890%
- Rate
- 21.500%
- Bid range
- 14.00–30.00%
- Previous
- 21.980% 2024-07-22
- Change, bp
- −48
- Offered, NGNm
- 50,000
- Bids, NGNm
- 375,083
- Accepted, NGNm
- 314,213
- 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-year19.30% FGN APR 2029matures 17 Apr 2029 | reopening | 19.300% | 20.300% | 18.00–30.00% | 19.890% 2024-07-22 | +41 | 70,000 | 24,349 | 18,349 | 1.33× | notice |
| 7-year18.50% FGN FEB 2031matures 21 Feb 2031 | reopening | 18.500% | 20.900% | 18.50–30.00% | 21.000% 2024-07-22 | −10 | 70,000 | 60,750 | 42,189 | 1.44× | notice |
| 9-year19.89% FGN MAY 2033matures 15 May 2033 | reopening | 19.890% | 21.500% | 14.00–30.00% | 21.980% 2024-07-22 | −48 | 50,000 | 375,083 | 314,213 | 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, 19 Aug 2024, compiled from the Debt Management Office, Nigeria. Retrieved 4 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2024-08-19