Federal Government to raise N200bn via bond auction
Written by Faith Utubor on August 22, 2025
The Debt Management Office (DMO) has announced plans to raise N200 billion through a bond auction.
The offering includes the reopening of the June 2032 bond at 17.95% and a new five-year FGN AUG 2030 bond. The auction takes place Monday, with settlement on Wednesday.
Minimum subscription is pegged at N5,000, with semi-annual interest payments.
Earlier this month, the DMO floated two- and three-year bonds offering up to 15.401% interest. Investor appetite remains strong, as seen in the July auction which recorded 109 bids.
Despite marginal allotment rates being lower, original coupon rates of 19.30% and 17.95% will be maintained.
The Federal Government bonds continue to promote financial inclusion, with guaranteed returns and low entry thresholds.
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