The Debt Management Office (DMO) has announced that it raised the sum of N1.63 trillion from the February 2025 Federal Government of Nigeria (FGN) bond auction held on Tuesday.
The total allotment across the two bond tenors was N910.39 billion.
It said the sharp rise in demand led to higher allotments, even as yields fell, reflecting stronger investor confidence in Nigeria’s debt market.
Announcing the results via its official X handle, the DMO said the auction involved reopening the 19.30 per cent FGN APR 2029 (five-year bond) and the 18.50 per cent FGN FEB 2031 (seven-year bond).
The total amount on offer for both bonds was N350 billion, with N200 billion allocated for the five-year bond and N150 billion for the seven-year bond.
However, strong demand saw the total allotment jump to N910.39 billion, surpassing both the initial offer and the total allotment for January.
The…
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