The Debt Management Office (DMO) has announced a N200 billion bond subscription by auction on behalf of the Federal Government of Nigeria.
The exercise is scheduled to take place on September 29, 2025, with settlement fixed for October 2, 2025.
The bond offer comprises two bonds: N100 billion FGN AUG 2030, a 5 year tenor reopening, and N100 billion FGN JUNE 2032, a 7 year tenor reopening. The interest rate will be determined based on yield to maturity bid that clears total volume offered at auction.
According to the DMO, the bond issuance is carried out in compliance with the Debt Management Office (Establishment) Act, 2003, and the Local Loans (Registered Stock and Securities) Act, CAP. L17, Laws of the Federation of Nigeria 2004. The bonds will have semi annual interest payment and bullet repayment at bond’s maturity date.
The minimum subscription for the bond is N50 million, with additional investments in multiples of N1,000. Eligible investors can contact authorized Primary Dealer Market Makers (PDMMs) for applications and further guidance.
The DMO has announced the successful completion of the July 2025 FGN bond auction, with a total of N185.9 billion successfully allotted across two reopened bond offerings. This recent bond offer is part of the government’s efforts to raise funds for development projects and finance budget deficits.
The bonds are expected to attract a wide range of investors, including pension funds, insurance companies, and individual investors looking for low risk investment options.
