August 17, 2026/Cordros Update
At today’s FGN bond auction, the DMO reopened the JAN-2035, APR-2037 and JUN-2038 bonds, offering a total of NGN1.10 trillion. Total demand settled at NGN1.73 trillion (bid-to-offer: 1.6x), with the DMO eventually allotting NGN805.16 billion (bid-to-cover: 2.2x).
The stop rates on the JAN-2035, APR-2037 and JUN 2038 bonds, which were on-the-run at the previous auction, contracted by 119bps, 116bps and 61bps to settle at 17.15%, 17.19% and 17.79%, respectively.
Please see the results below
