Nigeria’s Eurobond yields rose across most maturities on Friday, May 22, 2026, reflecting cautious investor sentiment toward emerging market debt instruments amid global market uncertainties.
Data released by the Debt Management Office (DMO) on Monday May 25 showed that yields on the country’s sovereign Eurobonds ranged from 5.652 per cent on the 2027 instrument to 8.114 per cent on the 2051 bond.
The 6.500 per cent US$1.5 billion November 2027 Eurobond closed at a price of 101.205 US dollars with a yield of 5.652 per cent, while the 6.125 per cent September 2028 bond traded at 100.793 US dollars with a yield of 5.753 per cent.
Similarly, the 8.375 per cent March 2029 Eurobond recorded a yield of 5.964 per cent, while the February 2030 bond settled at 6.317 per cent.
Longer-dated instruments continued to attract higher yields, indicating investors’ demand for greater compensation for holding long-term Nigerian debt. The January 2046 Eurobond closed with a yield of 8.038 per cent, while the January 2049 and September 2051 bonds recorded yields of 8.045 per cent and 8.114 per cent respectively.
Among the instruments tracked, the September 2033 Eurobond posted a yield of 7.025 per cent, while the December 2034 bond stood at 7.238 per cent. The January 2036 and February 2038 Eurobonds closed at yields of 7.295 per cent and 7.399 per cent respectively.
Market analysts said the upward movement in yields suggests continued investor caution amid concerns over global interest rate direction, external financing conditions, and currency pressures in emerging economies.
According to the DMO data sourced from Bloomberg, several of the Eurobonds traded above par value despite the elevated yields, indicating sustained appetite for Nigerian sovereign debt in the international capital market.
