Abuja, May 23, 2025 – The Debt Management Office (DMO) is to offer N300 FGN Bonds for subscription in May 2025.
The DMO announced this in an offer circular posted on its website on Thursday.
It said auction date had been scheduled for May 26, 2025.
The DMO said the bond offering would be a combination of reopened bonds designed to appeal to a diverse range of investors.
The first is the FGN APR 2029 bond of N100 billion, a five- year tenor bond with coupon rate of 19.30%, while the second FGN MAY 2033 bond of N200 billion, a nine-year tenored with coupon rate of 19.89%.
The bonds are available in units of N1,000, with a minimum subscription at N50,001,000. Investors may increase their subscriptions in increments of N1,000.
They offer semi-annual interest payments to ensure consistent income for holders, and will be redeemed in full upon maturity, providing a lump-sum repayment.
The DMO said the proceeds of the bods are tax exempted under the Company Income Tax Act and the Personal Income Tax Act which make them particularly attractive to pension funds and other approved investors.
The bonds are listed on the Nigerian Exchange Limited and FMDQ OTC Securities Exchange and are easily accessible and tradable.
To participate in the auction, prospective investors are to subscribe through the authorised Primary Dealer Market Makers like Access Bank, Zenith Bank, Stanbic IBTC Bank, and UBA.
