The Debt Management Office (DMO) has announced the offering of N200 billion in bonds subscription by auction in August 2025, as part of the Federal Government’s efforts to raise funds.
The auction is scheduled to take place on Monday, August 25, with settlement fixed for Wednesday, August 27.
This move is expected to attract investors looking to capitalize on the government’s bond offerings.
According to a circular posted on DMO’s website on Thursday, the offer comprises 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.
Each bond unit is priced at N1,000, with a minimum subscription of N5,000 and additional investments in multiples of N1,000, allowing investors to subscribe for up to N50 million.
The interest rate for the bonds will be determined based on the yield-to-maturity bid that clears the total volume offered at auction.
The DMO’s recent bond auction in July 2025 was successful, with a total of N185.9 billion successfully allotted across two re-opened bond offerings.
The auction garnered N39.075 billion in total subscriptions for the 5-Year FGN APR 2029 bond and an impressive N261.597 billion for the 7-Year FGN JUN 2032 bond.
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.
Interested investors can contact any of the authorized Primary Dealer Market Makers (PDMMs) for applications and further guidance.
The institutions include Access Bank Plc, First Bank of Nigeria Ltd, Stanbic IBTC Bank Ltd, Citibank Nigeria Ltd, among others.
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