DMO announces N600bn May Bond Auction, lists N47.36bn Sovereign Green Debt Instrument on NGX

The Debt Management Office, DMO, has announced a caller N600 cardinal Federal Government of Nigeria enslaved auction for May 2026 and the listing of the 18.95 percent N47.36 cardinal Series III Sovereign Green Bond connected the Nigerian Exchange Limited, NGX.

The announcements were contained successful abstracted statements issued by the DMO on Tuesday and Wednesday.

On the N600 cardinal enslaved auction, the DMO said the issuance forms portion of the national government’s strategy to concern fiscal obligations, deepen the home superior market, and pull organization investors amid sustained request for fixed-income securities.

DMO disclosed that the connection consists of 2 reopened FGN enslaved instruments valued astatine N300 cardinal each.They see the N300 cardinal 22.60 percent FGN January 2035 10-year reopening enslaved and the N300 cardinal 16.2499 percent FGN April 2037 20-year reopening bond.

According to the DMO, the bonds are priced astatine N1,000 per unit, with a minimum subscription of N50,001,000, portion further subscriptions tin beryllium made successful multiples of N1,000.

Speaking connected the listing of the Sovereign Green Bond connected the NGX, the DMO said the determination would supply liquidity for investors and guarantee terms transparency.

“The Green Bond, which is the 3rd to beryllium issued by the DMO connected behalf of the Fed...