FG raises N596bn from medium-term bond public sale

The Federal Authorities of Nigeria has issued N596bn in medium-term bonds, comprising a five-year 17.945 per cent FGN bond maturing in August 2030 and a seven-year 17.95 per cent FGN bond maturing in June 2032.

The bonds have been provided at an public sale held on 15 December 2025, with settlement scheduled for 17 December 2025. Buyers submitted a complete of 60 bids for the five-year bond and 188 bids for the seven-year bond. Of those, 38 and 112 bids have been profitable for the five-year and seven-year bonds, respectively.

The subscription for the five-year bond stood at N159.211bn, with N101.987bn allotted. The seven-year bond attracted N731.399bn in bids, of which N494.478bn was allotted, alongside a non-competitive allotment of N4bn.

Bids for the five-year and seven-year bonds ranged from 15.0000 per cent to 18.5100 per cent and 15.0000 per cent to 18.5200 per cent, respectively.

Profitable bids have been allotted at marginal charges of 17.20 per cent for the five-year bond and 17.30 per cent for the seven-year bond, whereas the unique coupon charges of 17.945 per cent and 17.95 per cent have been maintained.

The FGN stated the bond issuance was geared toward elevating funds to help key authorities tasks whereas offering traders with secure, medium-term returns.

All rights reserved. This materials, and different digital content material on this web site, might not be reproduced, printed, broadcast, rewritten or redistributed in complete or partially with out prior categorical written permission from PidomNigeria.

Contact: [email protected]