The Debt Management Office (DMO) has announced that it successfully raised N136.16 billion from the Federal Government of Nigeria (FGN) bond auction conducted in August 2025.
According to the DMO, the auction featured the 17.945% FGN AUG 2030 (new 5-year bond) and the 17.95% FGN JUN 2032 (re-opening, 7-year bond), each with an offered size of N100 billion.
This is according to a circular posted on DMO’s website on Tuesday.
According to the data, the 5-year bond attracted 70 bids worth N102.36 billion, out of which the DMO allotted N46.01 billion at a marginal rate of 17.945%. Bid rates for this instrument ranged between 12.50% and 21.50%.
The 7-year bond witnessed stronger interest, with 111 bids amounting to N165.81 billion. The DMO allotted N90.16 billion at a marginal rate of 18%, within a bid range of 15% to 22%.
In July 2025, DMO announced that a total of N185.9 billion successfully allotted across two re-opened bond offerings. This is more than the allotment for August.
While the bonds retained their original coupon rates of 19.30% and 17.95% respectively, they were allotted at marginal rates of 15.69% for the 5-Year bond and 15.90% for the 7-Year bond.
The bond re-openings attracted a total of 149 bids 40 for the 2029 maturity and 109 for the 2032 maturity. Of these, 74 bids were successful (15 and 59 respectively).
According to the DMO, 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.
The bonds will be repaid in full on their respective maturity dates through bullet repayment, meaning the principal will be paid back in a single lump sum.