Nigeria’s dollar-denominated Eurobonds are trading at yields of up to 8.2 per cent, showing that the premium investors continue to demand to hold the country’s long-term sovereign debt despite an improvement in the prices of several outstanding bonds.
Data from the Debt Management Office, sourced from Bloomberg, showed that yields on Nigeria’s 15 outstanding Eurobond issues ranged between 5.625 per cent and 8.156 per cent at the close of trading on Monday, 31 August, 2026.
The highest yield was recorded on Nigeria’s 8.25 per cent $1.25bn Eurobond due in September 2051, which closed at a price of $100.983 and a yield of 8.156 per cent.
The 9.248 per cent $750m January 2049 bond followed with a yield of 8.076 per cent, while the 9.129 per cent $1.1bn January 2046 Eurobond yielded 8.058 per cent.
The high yields on the longer-dated securities highlight the higher return investors require to commit funds to Nigeria for extended periods. In bond markets, higher yields generally translate into higher perceived risk or a greater return requirement from investors.
