The Debt Management Office has raised approximately N3.03tn from FGN savings bonds in the first eight months of this year.
An analysis of the monthly FGN bond auction results between January and August 2025 indicated that the DMO offered about N2.13tn across short-, medium- and long-dated bonds. However, an appetite for long-dated bonds saw subscriptions hitting about N4.94tn in the period under review.
The DMO kept the monthly offerings to mostly two (new issuances and re-openings) except for January, when it offered three bonds, FGN April 2029, FGN February 2021 and FGN January 2035, with the interest rates at 19.30 per cent, 18.50 per cent and 22.60 per cent, respectively.
Compared to the same period of 2024, the amount raised was about 34.14 per cent lower, marking a decrease in borrowing from the domestic market.