FG announces November 2023 bonds for subscription

The Debt Management Office (DMO) on behalf of the Federal Government of Nigeria has announced its offering for Subscription by Auction for the following bonds:

  • N90 billion – 14.55% FGN bond due in April 2029 (10-Yr Re-opening)
  • N90 billion – 14.70% FGN bond due in June 2033 (10-Yr Re-opening)  
  • N90 billion – 15.45% FGN bond due in June 2038 (15-Yr Re-opening)  
  • N90 billion – 15.70% FGN bond due in June  2053 (30-Yr Re-opening)

According to DMO the Auction date for the bond is November 13, 2023 while settlement date is November 15, 2023.


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

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