WATCH THE VIDEO HERE The Debt Management Office (DMO), on behalf of the Federal Government of Nigeria (FGN), has announced an offer for subscription by auction of two re-opened Federal Government of Nigeria (FGN) bonds totaling N300 billion. The bonds, which are part of the government’s domestic borrowing strategy, are aimed at financing budget deficits and supporting infrastructure development. The auction is scheduled for March 24, 2025, with a settlement date of March 26, 2025. The DMO is offering two bonds for subscription: Both bonds are re-openings of previously issued bonds, meaning the coupon rates have already been set. Investors will pay a price corresponding to the yield-to-maturity bid that clears the auction volume, plus any accrued interest on the instrument. The auction will be conducted on March 24, 2025, with successful bidders required to settle their purchases by March 26, 2025. Investors are encouraged to submit their bids through authorized primary dealers, who act as intermediaries between the DMO and the investing public. The issuance of these bonds is part of the Federal Government’s broader strategy to manage the national debt profile while providing attractive investment opportunities for domestic investors.
FG offers N300 billion in bond re-openings for March 2025
