The Debt Management Office (DMO) has released the results of the April 2025 Federal Government of Nigeria (FGN) Bond Auction.
According to the released result, a total of N397.898 billion was successfully allotted across two reopening issues.
The issues include the 19.30 percent FGN APR 2029 (5-Year Bond) and the 19.89 percent FGN MAY 2033 (9-Year Bond).
While the 2033 bond was oversubscribed significantly, while the shorter-dated 2029 note witnessed modest demand.
The auction was held on April 28, 2025, and the settlement date is scheduled for April 30, 2025.
According to DMO’s official data, the auction saw mixed investor interest across the two maturities.
Further analysis showed that the 5-year FGN Bond, offered at a coupon rate of 19.30 percent, recorded a total allotment of N21.127 billion across 13 successful subscriptions.
The 9-year FGN Bond, which carries a higher yield of 19.89 percent, garnered stronger interest, with a total allotment of N376.771 billion from 137 successful subscriptions.
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