The Debt Management Office (DMO) has announced the reopening of three Federal Government of Nigeria (FGN) bonds valued at ₦700 billion for public subscription at ₦1,000 per unit.
Gatekeepers News reports that in a circular issued on Wednesday, the agency said the bond auction will open on April 27, with settlement scheduled for April 29, 2026.
The offering comprises three instruments: a ₦300 billion five-year bond maturing in August 2030 at 17.98 percent; a ₦100 billion seven-year bond maturing in June 2032 at 17.95 percent; and a ₦300 billion 10-year bond maturing in January 2035 at 22.60 percent.
According to the DMO, the issuance forms part of the Federal Government’s strategy to finance budgetary obligations and support public expenditure.
“Unit of sale is ₦1,000 per unit subject to a minimum subscription of ₦50,001,000 and in multiples of ₦1,000 thereafter,” the agency stated.
It explained that the bonds will be sold via auction, with successful bidders paying a price based on the yield-to-maturity that clears the offered volume, in addition to any accrued interest.
Interest on the bonds will be paid semi-annually, while the principal will be repaid in full at maturity.
The DMO emphasised that the instruments are backed by the full faith and credit of the Federal Government of Nigeria and are secured against the country’s general assets.
It added that the bonds qualify as government securities under applicable tax laws and are eligible for investment by trustees, pension funds, and other institutional investors.
The securities are listed on Nigerian Exchange Limited and FMDQ OTC Securities Exchange, and also count as liquid assets for banks’ liquidity ratio calculations.
The DMO advised interested investors to submit applications through authorised Primary Dealer Market Makers (PDMMs) ahead of the auction date.
