The Federal Government of Nigeria has listed a ₦368.3 billion bond on the Nigerian Exchange Limited, accompanied by ₦234 billion in supplementary bond issues.

This development was announced in a notice filed on the Exchange by the Head of the Issuer Regulation Department, Obioma Oge, on Tuesday.

The newly listed bond, 22.60% FGN JAN 2035, has a total value of ₦368.31 billion, with 368,309,761 units issued. It carries a 22.60% coupon rate and a 10-year tenor.

In addition, the bond’s issue date is January 29, 2025, and its maturity date is January 29, 2035, with coupon payments due twice annually on 29 July and 29 January.

Alongside the new 22.60% FGN JAN 2035 bond listing, two existing FGN bonds received supplementary issuances: the 19.30% FGN APR 2029 bond had 463,161,536 total outstanding units as of February 18, 2025, following the issuance of 78,859,905 additional units.