DMO allots N136.16 billion from August 2025 FGN bond public sale 

The Debt Administration Workplace (DMO) has introduced that it efficiently raised N136.16 billion from the Federal Authorities of Nigeria (FGN) bond public sale carried out in August 2025.

In line with the DMO, the public sale featured the 17.945% FGN AUG 2030 (new 5-year bond) and the 17.95% FGN JUN 2032 (re-opening, 7-year bond), every with an provided dimension of N100 billion.

That is in line with a round posted on DMO’s web site on Tuesday.

In line with the info, the 5-year bond attracted 70 bids value N102.36 billion, out of which the DMO allotted N46.01 billion at a marginal fee of 17.945%. Bid charges for this instrument ranged between 12.50% and 21.50%.

The 7-year bond witnessed stronger curiosity, with 111 bids amounting to N165.81 billion. The DMO allotted N90.16 billion at a marginal fee of 18%, inside a bid vary of 15% to 22%.

Outcomes for July 2025 public sale 

In July 2025, DMO introduced {that a} complete of N185.9 billion efficiently allotted throughout two re-opened bond choices. That is greater than the allotment for August.

• The public sale featured the re-opening of two beforehand issued FGN bonds: N20 billion for the 19.30% FGN APR 2029 bond with a five-year tenor, and N60 billion for the 17.95% FGN JUN 2032 bond with a seven-year maturity.
• The public sale garnered N39.075 billion in complete subscriptions for the 5-Yr FGN APR 2029 bond and a powerful N261.597 billion for the 7-Yr FGN JUN 2032 bond.
• Out of those bids, the DMO allotted N13.430 billion for the APR 2029 bond and N172.502 billion for the JUN 2032 bond—amounting to a complete allotment of N185.932 billion, nicely over the preliminary provide dimension.

Whereas the bonds retained their unique coupon charges of 19.30% and 17.95% respectively, they have been allotted at marginal charges of 15.69% for the 5-Yr bond and 15.90% for the 7-Yr bond.

The bond re-openings attracted a complete of 149 bids 40 for the 2029 maturity and 109 for the 2032 maturity. Of those, 74 bids have been profitable (15 and 59 respectively).

What you must know 

In line with the DMO, the bond issuance was carried out in compliance with the Debt Administration Workplace (Institution) Act, 2003, and the Native Loans (Registered Inventory and Securities) Act, CAP. L17, Legal guidelines of the Federation of Nigeria 2004.

• Every unit of the bonds is priced at N1,000, with a minimal subscription quantity of N50,001,000. Extra subscriptions should be made in multiples of N1,000.

• Though the coupon charges are predetermined, profitable bidders on the public sale pay a worth based mostly on the yield-to-maturity that clears the provided quantity, together with any accrued curiosity from the final curiosity fee date as much as the settlement date.

• Curiosity on each bonds is payable semi-annually, offering bondholders with common revenue through the tenor of the devices.

The bonds shall be repaid in full on their respective maturity dates by bullet reimbursement, which means the principal shall be paid again in a single lump sum.