DMO offers N1.75trn FGN bonds for subscription, sets October 19 auction date

The Debt Management Office, DMO has announced plans to offer Federal Government of Nigeria, FGN bonds worth N1.75 trillion for subscription through an auction scheduled for October 19, 2026.
According to the offer circular released by the DMO, the settlement date for the auction is October 21, 2026.
The offer comprises three reopened bonds: N500 billion worth of 19 per cent FGN February 2034 bonds, N800 billion worth of 16.79 per cent FGN September 2036 bonds, and N450 billion worth of 15.45 per cent FGN June 2038 bonds.
The bonds are being offered on behalf of the Federal Government of Nigeria in accordance with the Debt Management Office (Establishment) Act, 2003, and the Local Lo...