FGN Bonds Attract N136.16bn in August Auction Surge

The Debt Management Office (DMO) has announced the successful allotment of N136.16 billion from the Federal Government of Nigeria (FGN) bond auction held in August 2025.

The auction featured the issuance of a new 5-year FGN AUG 2030 bond at 17.945% and the re-opening of the 7-year FGN JUN 2032 bond at 17.95%, each with an initial offer size of N100 billion.

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According to DMO data, the 5-year bond received 70 bids worth N102.36 billion, with N46.01 billion allotted at a marginal rate of 17.945%. The 7-year bond attracted 111 bids worth N165.81 billion, with N90.16 billion allotted at a marginal rate of 18%.

The auction followed July’s stronger outing, where N185.9 billion was raised across re-openings of the APR 2029 and JUN 2032 bonds. In that round, subscription levels far exceeded offer sizes, reflecting sustained investor appetite for FGN debt instruments.