Nigeria government bonds · auction 23 Sep 2024 · NGN
Nigeria bond auction, 23 Sep 2024: 9-year at 20.05%
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
20.05%
Largest amount accepted at this auction
Change vs previous 9-year sale
−145 bp
21.50% on 19 Aug 2024
Accepted
NGN 264.5bn
Against NGN 150.0bn on offer
Bid cover
1.57×
Bids of NGN 414.9bn ÷ 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
- 19.000%
- Bid range
- 18.50–20.19%
- Previous
- 20.300% 2024-08-19
- Change, bp
- −130
- Offered, NGNm
- 70,000
- Bids, NGNm
- 22,555
- Accepted, NGNm
- 2,732
- Bid cover
- 8.26×
- Source
- notice
- 7-year18.50% FGN FEB 2031matures 21 Feb 2031
- Sale
- reopening
- Coupon
- 18.500%
- Rate
- 19.990%
- Bid range
- 17.50–21.18%
- Previous
- 20.900% 2024-08-19
- Change, bp
- −91
- Offered, NGNm
- 50,000
- Bids, NGNm
- 54,979
- Accepted, NGNm
- 31,079
- Bid cover
- 1.77×
- Source
- notice
- 9-year19.89% FGN MAY 2033matures 15 May 2033
- Sale
- reopening
- Coupon
- 19.890%
- Rate
- 20.050%
- Bid range
- 18.00–22.00%
- Previous
- 21.500% 2024-08-19
- Change, bp
- −145
- Offered, NGNm
- 30,000
- Bids, NGNm
- 337,347
- Accepted, NGNm
- 230,716
- Bid cover
- 1.46×
- 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% | 19.000% | 18.50–20.19% | 20.300% 2024-08-19 | −130 | 70,000 | 22,555 | 2,732 | 8.26× | notice |
| 7-year18.50% FGN FEB 2031matures 21 Feb 2031 | reopening | 18.500% | 19.990% | 17.50–21.18% | 20.900% 2024-08-19 | −91 | 50,000 | 54,979 | 31,079 | 1.77× | notice |
| 9-year19.89% FGN MAY 2033matures 15 May 2033 | reopening | 19.890% | 20.050% | 18.00–22.00% | 21.500% 2024-08-19 | −145 | 30,000 | 337,347 | 230,716 | 1.46× | 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, 23 Sep 2024, compiled from the Debt Management Office, Nigeria. Retrieved 4 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2024-09-23