The Debt Management Office (DMO) has published the result of June 2025 FGN Bond Auction held on June 23, 2025. A total of N100 billion across two bond offerings.
The auction featured two separate bonds with face values of N50 billion each.
The first instrument offered was a five-year reopening bond with a coupon rate of 19.30% with maturity date of April 17, 2029. The bond attracted 30 bids valued at N41.685 billion in subscriptions. Only two bids were successful, with a final allotment of N1.050 billion.
The second instrument, a newly issued seven-year bond with a 17.95% coupon rate and maturing on June 25, 2032, got 209 bids, with subscriptions amounting to N561.170 billion. Out of these, 41 bids were accepted, and ₦98.950 billion was allotted.
Total funds raised through June 2025 auction was N100 billion.
According to DMO, successful bids for the 19.30% FGN APR 2029 (Re-opening, 5-Year Bond) & 17.95% FGN JUN 2032 (NEW, 7-Year Bond) were allotted at the Marginal Rates of 17.75% and 17.95%, respectively. However, the original coupon rate of 19.30% for the 19.30% FGN APR 2029 will be maintained.
Settlement for the bonds is scheduled for Wednesday, June 25, 2025.