The Debt Administration Workplace (DMO), on behalf of the Federal Authorities, has introduced the providing of N200 billion in bonds subscription by public sale in September 2025.
The train is scheduled to happen on September 29, 2025, with settlement mounted for October 2, 2025.
That is in accordance with a round posted on DMO’s web site on Thursday.
The provide includes two bonds: N100 billion FGN AUG 2030, a five-year tenor re-opening, and N100 billion FGN JUNE 2032, a seven-year tenor re-opening.
Every bond unit is priced at N1,000, with a minimal subscription of N5,000 and extra investments in multiples of N1,000, permitting traders to subscribe for as much as N50 million.
The rate of interest for the bonds will probably be decided based mostly on the yield-to-maturity bid that clears the full quantity provided at public sale, as these are re-openings of beforehand issued bonds. Curiosity funds will probably be made semi-annually, whereas the principal will probably be repaid in full by way of a bullet compensation on the bond’s maturity date.
Outcomes from August 2025 public sale
DMO introduced the providing of N200 billion in bonds subscription by public sale in August 2025.
The provide includes two bonds: N100 billion FGN JUL 2030, a five-year tenor re-opening, and N100 billion 17.95% FGN JUNE 2032, a seven-year tenor re-opening.
In accordance with figures launched on the DMO web site, the public sale garnered N39.075 billion in whole subscriptions for the 5-Yr FGN APR 2029 bond and a formidable 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, properly over the preliminary provide dimension.
The company additionally introduced the allotment of the September 2025 FGN Financial savings Bonds, totaling N3.05 billion throughout the two-year and three-year tenors.
In accordance with the DMO, the two-year FGN Financial savings Bond due September 2027 was allotted at an rate of interest of 15.541% each year, elevating N631.762 million from 793 profitable subscriptions.
Extra insights
In accordance 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.
The DMO suggested traders to contact any of the authorised Main Vendor Market Makers (PDMMs) for functions and additional steerage.
These establishments embrace: Access Bank Plc. First Bank of Nigeria Ltd. Stanbic IBTC Bank Ltd. Citibank Nigeria Ltd. First City Monument Bank Plc. Standard Chartered Bank Nigeria Ltd. Coronation Merchant Bank Ltd. FSDH Merchant Bank Ltd. United Bank for Africa Plc. Ecobank Nigeria Ltd. FBNQuest Merchant Bank Ltd. Rand Merchant Bank Nigeria Ltd. Guaranty Trust Bank Ltd. Zenith Bank Plc.
Be First to Comment