Bonds management took centre stage on Tuesday as the Debt Management Office (DMO) opened a fresh window for investors.
The agency announced two re-openings of Federal Government Bonds worth ₦460 billion, aiming to strengthen domestic borrowing, deepen market liquidity, and support the budget through long-term instruments.
Fresh Bonds Offering
The auction will take place on November 24, 2025, featuring:
- ₦230 billion – 17.945% FGN AUG 2030 (5-Year Re-opening)
- ₦230 billion – 17.95% FGN JUNE 2032 (7-Year Re-opening)
- The DMO will settle with successful bidders on November 26, 2025.
Market-Driven Pricing
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The DMO prices each bond at ₦1,000 per unit, sets the minimum subscription at ₦50,001,000, and allows further increments in multiples of ₦1,000.
Since these instruments are re-openings, the agency does not set new coupon rates.
Instead, it relies on market-driven pricing based on the yield-to-maturity that clears the auction and any accrued interest.
The DMO pays interest semi-annually, giving investors predictable cash flow.
This feature attracts pension funds, insurers, asset managers, and other institutional investors seeking dependable medium-to-long-term returns.
