The Debt Management Office has announced the Federal Government’s N200bn bond issuance for subscription at its September 2025 auction.

The offer, which opened on September 29, includes a N100bn 17.945% FGN August 2030 bond (five-year reopening) and a N100bn 17.95% FGN June 2032 bond (seven-year reopening).

Settlement is scheduled for October 2, 2025, with a unit price of N1,000, a minimum subscription of N50,001,000, and subsequent bids in multiples of N1,000.

It noted that bondholders will receive interest payments twice yearly, with the principal repaid in full at maturity.

The DMO explained that the FGN bonds qualify as eligible securities under the Trustee Investment Act and are also recognised as government securities under the Company Income Tax Act and the Personal Income Tax Act, granting tax-exempt status to pension funds and other institutional investors.

It added that the bonds are listed on the Nigerian Exchange Limited and the FMDQ OTC Securities Exchange, and also count as liquid assets for banks in meeting liquidity ratio requirements.

The DMO stressed that the bonds are backed by the full faith and credit of the Federal Government of Nigeria and secured against the nation’s general assets.

It was earlier reported
that the Debt Management Office raised about N3.03tn from FGN savings bonds in the first eight months of 2025.

An analysis of auction results between January and August revealed that the DMO offered roughly N2.13tn across short-, medium-, and long-term bonds.