The Debt Management Office has announced it raised over N136 billion naira at the Federal Government bond auction for August 2025. The exercise, held on Monday, featured a new five-year local bond as well as the reopening of a seven-year instrument.
According to the DMO, the five-year bond was offered at 17.95 percent and is due to mature in August 2030, while the seven-year bond, also at 17.95 percent, will mature in June 2032. Total subscriptions reached N268 billion, reflecting strong investor demand.
The seven-year bond drew greater interest, attracting N165 billion naira in subscriptions against the N100 billion naira on offer. The DMO eventually raised about N90 billion from the instrument after adjusting the spot rate upward to 18 percent.
For the new five-year bond, subscriptions stood at N102 billion naira, slightly above the offer size. However, the DMO allotted only N46 billion naira at a spot rate of 17.945 percent. The office added that both bonds will be repaid in full on maturity through a bullet repayment structure.
