The Debt Management Office, acting on behalf of the Federal Government of Nigeria, plans to raise N1.2tn through the reopening of two Federal Government of Nigeria bonds at an auction scheduled for 22 June 2026.
According to the DMO’s offer circular released on Monday, 15 June 2026, the government will offer N600bn each in a 10-year and a 20-year bond, with settlement set for 24 June 2026.
The issuance forms part of the government’s domestic borrowing programme and comes amid elevated yields in the fixed-income market.
The circular reads, “The instruments on offer are the 22.60 per cent FGN JAN 2035 bond, a 10-year reopening valued at N600bn, and the 16.2499 per cent FGN APR 2037 bond, a 20-year reopening also worth N600bn.
The planned N1.2tn issuance comes at a time when the Central Bank of Nigeria is aggressively tightening liquidity through Open Market Operations, a move that has pushed yields higher across the fixed-income market.
