Nigeria’s Eurobond market recorded mixed performance on Tuesday, May 19, 2026, as yields on most long-dated instruments climbed despite strong price levels across several maturities, according to data released by the Debt Management Office (DMO).
The DMO data showed that the country’s Eurobond yields ranged between 5.732 per cent and 8.220 per cent across the 15 outstanding instruments tracked by Bloomberg.
The shortest-dated sovereign issue, the 6.500 per cent US$1.5 billion November 2027 Eurobond, closed at a price of 101.101 dollars with a yield of 5.732 per cent, lower than its issue yield of 6.500 per cent.
Similarly, the 6.125 per cent US$1.25 billion September 2028 Eurobond traded at 100.733 dollars with a yield of 5.783 per cent, while the 8.375 per cent March 2029 Eurobond closed at 106.340 dollars and yielded 5.913 per cent.
Longer-tenor papers, however, continued to reflect relatively elevated borrowing costs. The 9.248 per cent January 2049 Eurobond recorded a yield of 8.123 per cent, while the 8.25 per cent September 2051 Eurobond closed with the highest yield of 8.220 per cent at a price of 100.305 dollars.
Among the mid-term maturities, the 10.375 per cent December 2034 Eurobond traded at 118.989 dollars with a yield of 7.344 per cent, while the 8.631 per cent January 2036 instrument closed at 108.535 dollars and yielded 7.374 per cent.
The 7.696 per cent February 2038 Eurobond and the 9.129 per cent January 2046 Eurobond recorded yields of 7.471 per cent and 8.114 per cent respectively.
Analysts said the relatively higher yields on longer-dated securities indicate continued investor caution over global interest rate conditions and emerging market risk sentiment, even as Nigeria’s sovereign Eurobonds maintained firm secondary market prices.
The pricing data was sourced from Bloomberg and published by the DMO as part of its routine update on Nigeria’s external debt instruments.
