Abuja, May 18, 026 – The Debt Management Office (DMO) on Monday auctioned N600 billion reopened Federal Government bonds with elevated yield as high as 22.60%.
It has also rolled out two previously issued instruments carrying coupon rates of 22.60% and 16.2499%, with settlement due May 20, 2026.
The bonds offer semi-annual interest payments and bullet repayment at maturity, positioning the sale as a strategic reopening across two key tenor buckets — 10-year and 20-year.
The N600 billion reopened bond auction is being facilitated by a consortium of Primary Dealer Market Makers (PDMMs) including Access Bank, Zenith Bank, Guaranty Trust Bank, and a host of others comprises.
The DMO said investors will receive interest payments semi-annually, while the principal will be repaid in full at maturity.
The bonds are priced at N1,000 per unit with a minimum subscription of N50.001 million and are backed by the full faith and credit of the Federal Government of Nigeria.
