FGN bonds attract N1.75 trillion in bids, as DMO allots N1.21 trillion

The Federal Govt of Nigeria (FGN) bond public sale attracted N1.75 trillion in subscriptions in October 2026, whilst the Debt Control Place of work (DMO) allocated N1.21 trillion throughout 3 reopened bonds.

In step with the DMO’s public sale effects for October 19, 2026, traders submitted bids for the February 2034, September 2036 and June 2038 bonds, with the September 2036 bond recording the best subscription.

The public sale introduced traders fixed-income securities with maturities starting from February 2034 to June 2038, whilst a success bids had been allocated at marginal charges between 16.99% and 17.29%.

FGN bond subscriptions achieve N1.75 trillion

The September 2036 bond attracted the most important call for, reflecting traders’ subscriptions of N925.35 billion in opposition to an be offering of N800 billion.

• The February 2034 bond gained N304.08 billion in subscriptions in opposition to an be offering of N500 billion.
• The September 2036 bond recorded N925.35 billion in subscriptions, the best a few of the 3 tools.
• The June 2038 bond attracted N518.32 billion in opposition to an be offering of N450 billion.
• The DMO recorded 420 bids around the 3 bonds, with 267 a success bids.

The consequences display that call for used to be concentrated within the September 2036 bond, whilst subscriptions for the February 2034 device fell beneath the volume introduced. The June 2038 bond additionally attracted subscriptions above its be offering quantity.

DMO allots N1.21 trillion throughout 3 bonds

The DMO allocated N78.36 billion to the marketplace for the February 2034 bond, N781.31 billion for the September 2036 bond and N350.72 billion for the June 2038 bond.

The September 2036 device accounted for the most important proportion of marketplace allotments, reflecting its place as probably the most subscribed bond within the public sale.

The DMO additionally recorded non-competitive allotments of N400 billion every for the February 2034 and September 2036 bonds. No non-competitive allotment used to be recorded for the June 2038 bond.

The 3 tools had been reopened securities, which means the federal government introduced further quantities of present bonds relatively than issuing fully new tools.

Marginal charges settle between 16.99% and 17.29%

A hit bids for the February 2034, September 2036 and June 2038 bonds had been allocated at marginal charges of 16.99%, 17.29% and 17.19%, respectively.

• The September 2036 bond recorded the best marginal fee at 17.29%, adopted by means of the June 2038 bond at 17.19%. The February 2034 bond had the bottom marginal fee at 16.99%.
• The DMO said that the bonds’ unique coupon charges would stay unchanged at 19.00% for the February 2034 device, 16.79% for the September 2036 bond and 15.45% for the June 2038 bond.
• Nairametrics up to now reported that the DMO offered N1 trillion in September, comprising a brand new 10-year bond and the June 2038 reopening. In August, the company allocated N1.56 trillion throughout 3 bonds on call for of N1.73 trillion.

Charges had fallen following the Central Financial institution of Nigeria’s Financial Coverage Committee determination to chop the benchmark rate of interest by means of 350bps to 23% on September 22.