The Debt Management Office (DMO), on behalf of the Federal Government of Nigeria (FGN), has announced the offer of N80 billion in FGN bonds for subscription via auction, slated for July 28, 2025, with settlement expected on July 30, 2025.
This is according to a circular posted on DMO’s website on Wednesday.
The offer comprises two re-openings of previously issued FGN bonds: N20 billion is being offered for the 19.30% FGN APR 2029 bond, which has a five-year tenor, while N60 billion is allocated to the 17.95% FGN June 2032 bond, with a maturity period of seven years.
