The Debt Management Office (DMO) has offered three federal government bonds, valued at N800 billion, for subscription at N1,000 per unit.
The DMO announced the offer in a social media post on Tuesday.
According to the debt office, the offers comprise a N400 billion bond at an interest rate of 17.95 percent per annum, due on June 2032 ( seven-year re-opening).
The issuance also includes a N300 billion bond at a yield of 19.89 percent, expected to be due on May 2034 (10-year re-opening).
In addition, the DMO offered a N100 billion bond at a 19 percent interest rate and due on February 2034 (10-year re-opening).
The agency said the auction date is February 23, while settlement is scheduled for February 25, 2026.
“Units of sale is (sic) N1,000 per unit subject to a minimum subscription of N50,001,000 and in multiples of N1,000 thereafter,” DMO said.
Explaining the pricing for the re-opened bonds, the DMO said for “re-openings of previously issued bonds (where the coupon is already set), successful bidders will pay a price corresponding to the yield-to-maturity bid that clears the volume being auctioned, plus any accrued interest on the instrument”.
The agency said interest is “payable semi-annually,” while redemption will be through “bullet repayment on the maturity date.”
The debt office said the bonds “qualify as securities in which trustees can invest under the Trustee Investment Act” and also “qualify as government securities within the meaning of company income tax Act (CITA) and personal income tax Act (PITA) for tax exemption for pension funds amongst other investors”.
The DMO said the bonds are listed on the Nigerian Exchange Limited and the FMDQ OTC Securities Exchange, and “all FGN bonds qualify as liquid assets for liquidity ratio calculation for banks.”
On security, the agency said the bonds are backed by the full faith and credit of the federal government of Nigeria and are charged upon the general assets of Nigeria.
The DMO also noted that it “reserves the right to allot the bonds at its discretion”, adding that interested persons can visit authorised banks.
 has offered three federal government bonds, valued at N800 billion, for subscription at N1,000 per unit.){kind=link}