The Debt Management Office (DMO), on behalf of the Federal Government of Nigeria (FGN), Thursday, announced the offering of N200 billion in bonds subscription by auction in August 2025.

According to a circular posted on DMO’s website on Thursday the exercise will take off on Monday 25, August with settlement on Wednesday 27, August, 2025.

The offer contains 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, with each bond unit 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, as these are re-openings of previously issued bonds. Interest payments will be made semi-annually, while the principal will be repaid in full through a bullet repayment at the bond’s maturity date.

DMO announced the successful completion of the July 2025 FGN bond auction, with a total of N185.9 billion successfully allotted across two re-opened bond offerings.

According to figures released on the DMO website, 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.