WATCH THE VIDEO HERE The Federal Government has announced an offer for subscription by auction of two re-opened Federal Government of Nigeria (FGN) bonds totalling ₦300 billion. In a statement, the Debt Management Office (DMO) said the bonds are part of the government’s domestic borrowing strategy, aimed at financing budget deficits and supporting infrastructure development. The DMO is offering two bonds for subscription: The auction is scheduled for March 24, 2025, with a settlement date of March 26, 2025. 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.
FG offers N300b in bond re-openings for March 2025
