The Debt Management Office (DMO) has announced the results of the August 2025 Federal Government of Nigeria bond auction, with investors subscribing a total of N268 billion, surpassing the N200 billion on offer.
The auction, held on August 25, 2025, featured two instruments: a 5-year bond maturing on August 27, 2030, and a 7-year bond due on June 25, 2032. Both tenors saw strong investor demand.
The 5-year bond attracted subscriptions of N102.36 billion, surpassing its initial N100 billion offer, while the 7-year tenor bond recorded a subscription N16581 billion.
A total of 70 bids were received for the 5-year bond, with 38 successful bids raising N46.01 billion. For the 7–year bond, 51 out of 111 bids were accepted, resulting in N90.16 billion being allotted.
Investors demanded higher returns, quoting rates between 12.50% and 21.50% for the 5-year bond, and 15.00% to 22% for the 7-year instrument.
The settlement date is August 27, 2025, with maturities due on August 27, 2030, for the 5-year bond and June 25, 2032, for the 7-year paper.
Successful bids for the 5-year bond, FGN AUG 2030, were allotted at the marginal rate of 17.945% and the 7-year reopened bond, FGN JUN 2032, at 18%. However, the 7-year bond will maintain its original coupon rate of 17.95%.
The DMO had announced the auction as part of its regular borrowing program to finance government projects and manage public debt, targeting a total of N200 billion across both instruments.
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