BY EMMANUEL OLUKOTUN
The Debt Management Office (DMO), on behalf of the Federal Government, has announced the offering of N200 billion in bonds subscription by auction in September 2025.
The exercise is scheduled to take place on September 29, 2025, with settlement fixed for October 2, 2025, going by details posted on the DMO’s website on Thursday, 25 September, 2025.
The offer, comprised of 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.
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, 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.