Nigeria government bonds · auction 18 Nov 2024 · NGN
Nigeria bond auction, 18 Nov 2024: 7-year at 22.00%
2 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: 7-year bond 18.50% FGN FEB 2031
22.00%
Largest amount accepted at this auction
Change vs previous 7-year sale
+26 bp
21.74% on 21 Oct 2024
Accepted
NGN 346.2bn
Against NGN 120.0bn on offer
Bid cover
1.07×
Bids of NGN 369.6bn ÷ accepted
Results
Every line, 2 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
- 21.000%
- Bid range
- 19.00–21.90%
- Previous
- 20.750% 2024-10-21
- Change, bp
- +25
- Offered, NGNm
- 60,000
- Bids, NGNm
- 75,560
- Accepted, NGNm
- 63,530
- Bid cover
- 1.19×
- Source
- notice
- 7-year18.50% FGN FEB 2031matures 21 Feb 2031
- Sale
- reopening
- Coupon
- 18.500%
- Rate
- 22.000%
- Bid range
- 18.00–23.00%
- Previous
- 21.740% 2024-10-21
- Change, bp
- +26
- Offered, NGNm
- 60,000
- Bids, NGNm
- 294,025
- Accepted, NGNm
- 282,625
- Bid cover
- 1.04×
- 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% | 21.000% | 19.00–21.90% | 20.750% 2024-10-21 | +25 | 60,000 | 75,560 | 63,530 | 1.19× | notice |
| 7-year18.50% FGN FEB 2031matures 21 Feb 2031 | reopening | 18.500% | 22.000% | 18.00–23.00% | 21.740% 2024-10-21 | +26 | 60,000 | 294,025 | 282,625 | 1.04× | 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, 18 Nov 2024, compiled from the Debt Management Office, Nigeria. Retrieved 4 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2024-11-18