The Federal Government of Nigeria has raised N136.16bn through its latest bond auction, successfully issuing five- and seven-year instruments at marginal rates of 17.945 per cent and 18 per cent respectively.

According to details published on the Debt Management Office website on Tuesday, the auction was held on August 25, 2025, with settlement scheduled for August 27, 2025.

The government had offered N100bn each for the new five-year FGN August 2030 bond and the seven-year FGN June 2032 bond, but strong investor appetite resulted in allotments of N46.005bn and N90.157bn, respectively.

Bids totaled N102.36bn for the August 2030 bond and N165.81bn for the June 2032 bond, underscoring robust demand. The June 2032 bond will retain its original coupon rate of 17.95 per cent.

The Debt Management Office disclosed that bids for the five-year bond ranged from 12.5 per cent to 21.5 per cent, while those for the seven-year bond ranged from 15 per cent to 22 per cent.

Successful bids cleared at marginal rates of 17.945 per cent, and 18 per cent, respectively.

The issuances are part of the Federal Government’s medium-term strategy to mobilise capital for priority projects and manage its debt portfolio, while offering investors competitive risk-adjusted returns in the fixed-income market.

Recall that the Debt Management Office last week announced the offering of N200bn in Federal Government savings bonds, including a reopening of the June 2032 issue, which carries a coupon rate of 17.95 per cent.