Nigeria’s Eurobond yields edged higher across the curve on Thursday, June 4, 2026, reflecting investors’ demand for increased returns on the country’s sovereign debt instruments amid prevailing global market conditions.
Data released by the Debt Management Office (DMO) showed that yields on Nigeria’s 15 outstanding Eurobonds ranged from 5.53 per cent to 7.92 per cent, while bond prices remained largely above par value.
The 6.500 per cent US$1.5 billion November 2027 Eurobond closed at a price of US$101.35 with a yield of 5.53 per cent, making it the lowest-yielding instrument among the country’s foreign-currency debt securities.
Similarly, the 6.125 per cent US$1.25 billion September 2028 Eurobond recorded a yield of 5.59 per cent at a closing price of US$101.14, while the 8.375 per cent March 2029 Eurobond settled at US$106.70 with a yield of 5.74 per cent.
Longer-dated instruments continued to attract higher yields. The 8.25 per cent US$1.25 billion September 2051 Eurobond recorded the highest yield of 7.92 per cent, closing at US$103.58. The 9.248 per cent January 2049 Eurobond followed closely with a yield of 7.86 per cent at a price of US$114.57.
The 7.625 per cent November 2047 Eurobond closed near par at US$100.06 and offered a yield of 7.62 per cent, while the 9.129 per cent January 2046 Eurobond yielded 7.85 per cent at a price of US$112.71.
Mid-tenor bonds also recorded elevated yields. The 10.375 per cent December 2034 Eurobond closed at US$121.44 with a yield of 6.99 per cent, while the 8.631 per cent January 2036 Eurobond settled at US$110.79, yielding 7.06 per cent.
The DMO data indicated that most of Nigeria’s Eurobonds were trading above their face value, suggesting sustained investor appetite despite the relatively high yields demanded by the market.
Eurobond yields move inversely to prices and serve as a key indicator of investor perception of a country’s credit risk and borrowing costs in international capital markets.
The figures were sourced from Bloomberg and published by the Debt Management Office on Friday June 5 in its daily update on Nigeria’s sovereign Eurobond market.
