FG to raise N2.5trn via bond issuance- DMO

The Debt Management Office on behalf of the Federal Government of Nigeria has announced that it is offering for subscription by auction and is authorized to receive applications for the following:

  • N1.25 trillion bond due in February 2031 (7 years new)
  • N1.25 trillion bond due in February 2034 (10 years new)

According to the Debt Management Office, auction date for the bond issuance is February 19, 2024 while settlement date is scheduled for February 21, 2024.

Units of Sale:

N1,000 per unit subject to a minimum subscription of N50,001,000 and in multiples of N1,000 thereafter.

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