DMO Plans to Raise N2.5 Trillion Through Bonds on Behalf of FG

Federal Government Plans N2.5tn Bond Auction, Announces Debt Management Office

The Debt Management Office revealed in a recent circular its intention to raise N2.5tn through the second FGN bonds auction of the year. This offering includes two tranches: N1.25tn maturing in February 2031 and N1.25tn with a 10-year tenor. FGN savings bonds are integral to the government’s domestic borrowing strategy. In 2023, the government secured approximately N7.06tn from the fixed income market.”