DMO announces N600bn May bond auction and lists N47.36bn sovereign green debt on NGX

The Debt Management Office (DMO) announced a new N600 billion bond auction for the Federal Government of Nigeria in May 2026, and the listing of the N47.36 billion Series III Sovereign Green Bond, which carries an 18.95 percent coupon, on the Nigerian Exchange Limited (NGX).

These announcements were issued in separate statements by the DMO on Tuesday and Wednesday.

Regarding the N600 billion auction, the DMO explained that the issuance is part of the federal government’s plan to finance its fiscal obligations, deepen the domestic capital market, and attract institutional investors amid sustained demand for fixed‑income securities.

The offer consists of two reopened FGN bond instruments, each valued at N300 billion. They include a N300 billion 22.60 percent FGN January 2035 10‑year reopening bond and a N300 billion 16.2499 percent FGN April 2037 20‑year reopening bond.

According to the DMO, the bonds are priced at N1,000 per unit, with a minimum subscription of N50,001,000. Additional subscriptions may be made in multiples of N1,000.

Speaking about the listing of the Sovereign Green Bond on the NGX, the DMO said the move would provide liquidity for investors and ensure price transparency.

“The Green Bond, which is the third to be issued by the DMO on behalf of the Federal Government of Nigeria, is an attestation to the DMO’s commitment to providing funds needed to finance green projects that support Nigeria’s commitment towards achieving a low‑carbon and climate‑resilient society,” the DMO stated.