DMO raises N1.2trn through reopening of 2 FGN Bonds
Abuja, June 2026 – The Debt Management Office (DMO) plans to raise N1.2 trillion today, June 22, 2026, through the reopening of two FGN bonds – FGN JAN 2035 bond and FGN APR 2037 bond.
According to the offer circular, the DMO is offering N600 billion worth of each of the 10-year and 20-year bond with June 24, 2026 as settlement date.
The issuance forms part of the government’s domestic borrowing programme and comes amid elevated yields in the fixed-income market.
The circular said: “The instruments on offer are the 22.60 per cent FGN JAN 2035 bond, a 10-year reopening valued at N600bn, and the 16.2499 per cent FGN APR 2037 bond, a 20-year reopening also worth N600 billion.
“Successful investors will pay a price based on the yield-to-maturity that clears the auction, in addition to any accrued interest on the bonds.
Subscriptions are priced at N1,000 per unit, with a minimum investment requirement of N50.001m and additional purchases in multiples of N1,000.
“Coupon payments will be made semi-annually, while the principal will be repaid in full at maturity.”
