Nigeria’s Eurobond Yields Hold Steady as Investors Monitor Global Debt Markets

Nigeria’s Eurobond market closed largely stable on Monday, May 18, 2026, as investors continued to assess global interest rate expectations, emerging market risks and Nigeria’s external debt outlook.

Data released by the Debt Management Office showed that most of Nigeria’s sovereign dollar-denominated bonds traded above par value, indicating sustained investor appetite for the country’s external debt instruments despite global market volatility.

The 6.500 percent $1.5 billion Eurobond due November 2027 closed at a price of $101.126 with a yield of 5.716 percent, slightly below its original issue yield of 6.500 percent.

Nigeria’s 6.125 percent $1.25 billion Eurobond maturing in September 2028 settled at $100.817 with a yield of 5.745 percent.

The 8.375 percent March 2029 Eurobond traded at $106.471 while offering a yield of 5.865 percent, indicating continued demand for medium-term Nigerian sovereign debt.

Similarly, the 7.143 percent February 2030 Eurobond closed at $102.688 with a yield of 6.324 percent.

Longer-dated instruments also maintained strong pricing performance.

The 8.747 percent January 2031 Eurobond rose to $108.098 with a yield of 6.695 percent while the 9.625 percent June 2031 issuance traded at $112.473 and yielded 6.675 percent.

Nigeria’s 7.875 percent February 2032 Eurobond closed at $105.030 with a yield of 6.798 percent while the 7.375 percent September 2033 bond settled at $101.900, offering investors a yield of 7.037 percent.

Among the longer-duration notes, the 10.375 percent December 2034 Eurobond recorded one of the highest prices at $119.356 with a yield of 7.292 percent.

The 8.631 percent January 2036 Eurobond traded at $108.839 and yielded 7.332 percent while the 7.696 percent February 2038 bond closed at $101.938 with a yield of 7.444 percent.

Nigeria’s 9.129 percent January 2046 Eurobond settled at $110.115 with a yield of 8.089 percent.

Meanwhile, the 7.625 percent November 2047 Eurobond traded below par at $97.311 while yielding 7.886 percent.

The 9.248 percent January 2049 issuance closed at $111.782 with a yield of 8.102 percent while the 8.250 percent September 2051 Eurobond settled at $100.804, offering a yield of 8.173 percent.

Market analysts said Nigeria’s Eurobond yields continue to reflect investor confidence in the country’s ability to meet external debt obligations despite concerns over global borrowing costs, foreign exchange pressures and fiscal sustainability.

The performance also comes amid improved oil prices and renewed investor interest in frontier market assets as expectations build around possible monetary policy adjustments by major central banks later this year.

According to Bloomberg data referenced by the Debt Management Office, Nigeria’s Eurobond curve remained relatively stable across short, medium and long-term maturities at the close of trading.