The Federal Government of Nigeria (FGN) has announced the offer of ₦80 billion in FGN bonds for subscription via auction, slated for July 28, 2025, with settlement expected on July 30, 2025.
The announcement was made by the Debt Management Office (DMO) in a circular posted yesterday.
According to the DMO, the bond issuance was 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 offer comprises two re-openings of previously issued FGN bonds: ₦20 billion is being offered for the 19.30% FGN APR 2029 bond, which has a five-year tenor, while ₦60 billion is allocated to the 17.95% FGN June 2032 bond, with a maturity period of seven years.
Each bond unit is priced at ₦1,000, with a minimum subscription of ₦5,000 and additional investments in multiples of ₦1,000, allowing investors to subscribe for up to ₦50 million.