Nigeria’s Eurobond market closed mixed on Thursday with sovereign bond yields ranging between 5.5 percent and 8.0 percent as investors continued to monitor global interest rate expectations, crude oil prices and emerging market risk sentiment.
Data released by the Debt Management Office Nigeria showed that the country’s shorter-dated Eurobonds continued to trade at lower yields while long-dated instruments maintained elevated returns amid persistent global market uncertainty.
The 6.500 percent US$1.5 billion November 2027 Eurobond closed at a price of $101.339 with a yield of 5.582 percent.
Similarly, the 6.125 percent US$1.25 billion September 2028 Eurobond settled at $101.233 with a yield of 5.562 percent while the 8.375 percent March 2029 Eurobond closed at $107.502, offering a yield of 5.509 percent.
Nigeria’s 7.143 percent February 2030 Eurobond ended the session at $103.996 with a yield of 5.944 percent while the 8.747 percent January 2031 Eurobond closed at $109.408, reflecting a yield of 6.391 percent.
The 9.625 percent June 2031 Eurobond traded at $113.907 with a yield of 6.374 percent while the 7.875 percent February 2032 Eurobond settled at $106.676 and yielded 6.466 percent.
Further along the curve, the 7.375 percent September 2033 Eurobond closed at $103.757 with a yield of 6.719 percent.
Nigeria’s 10.375 percent December 2034 Eurobond traded significantly above par at $121.274 while yielding 7.029 percent.
The 8.631 percent January 2036 Eurobond closed at $111.212 with a yield of 7.010 percent while the 7.696 percent February 2038 Eurobond settled at $104.004 and yielded 7.184 percent.
Longer-tenor instruments continued to reflect higher risk premiums as the 9.129 percent January 2046 Eurobond closed at $112.189 with a yield of 7.895 percent.
The 7.625 percent November 2047 Eurobond traded below par at $99.395 while yielding 7.682 percent.
Meanwhile, the 9.248 percent January 2049 Eurobond closed at $113.849 with a yield of 7.922 percent while the 8.25 percent September 2051 Eurobond settled at $102.874 with the highest yield of 7.983 percent.
The Eurobond market performance reflects sustained investor confidence in Nigeria’s sovereign debt despite ongoing concerns surrounding global borrowing costs, geopolitical tensions and fiscal pressures across emerging markets.
Analysts said relatively stable oil prices and ongoing foreign exchange reforms have continued to support sentiment toward Nigerian assets, although investors remain cautious about external debt sustainability and global liquidity conditions.
Nigeria remains one of Africa’s most active sovereign issuers in the international debt market with Eurobonds playing a key role in external financing and foreign reserve management.
