Invest in FGN Monthly Bond Auction - August 2021


Thursday, August 12 2021 / 6:55 PM / by DMO / Header Image Credit: DMO 

The Central Bank of Nigeria on the authority of The Debt Management Office on behalf of the Federal Government Of Nigeria Offers for Subscription by Auction and is authorized to receive applications for

N50,000,000,000 - 13.98% FGN FEB 2028 (10-Yr Re-opening)

N50,000,000,000 - 12.40% FGN MAR 2036 (20-Yr Re-opening)

N50,000,000,000 - 12.98% FGN MAR 2050 (30-Yr Re-opening)


Auction DateAugust 18, 2021

Settlement DateAugust 20, 2021

Summary Of The Offer


Federal Government of Nigeria ("FGN")


Units Of Sale:

N1,000 per unit subject to a minimum subscription of N50,001,000 and in multiples of N1,000 thereafter


Interest rate:

For Re-openings of previously issued bonds, (where the coupon is already set), successful bidders will pay a price corresponding to the yield-to-maturity bid that clears the volume being auctioned, plus accrued interest from the original issue date.


Interest payment:

Payable semi-annually



Bullet repayment on the maturity date



1. Qualifies as securities in which trustees can invest under the Trustee Investment Act

2. Qualifies as Government securities within the meaning of Company Income Tax Act ("CITA") and Personal Income Tax Act ("PITA") for Tax Exemption for Pension Funds amongst other investors

3. Listed on the Nigerian Stock Exchange and and FMDQ OTC Securities Exchange

4. All FGN Bonds qualify as liquid assets for liquidity ratio calculation for banks


FGN Bonds are backed by the full faith and credit of the Federal Government of Nigeria and are charged upon the general assets of Nigeria

How To Invest

Kindly download, print and complete the tender form.

The duly completed form should be scanned and sent to: or

(1) The DMO reserves the right to alter the amount allotted in response to market conditions

(2) Retail Investors are encouraged to participate

Proshare Nigeria Pvt. Ltd.


Related News

1. Dangote Cement Plc Lists Three Tranches of Bonds Issued Under Its N300bn Bond Issuance Programme

2.    Bullish Run Sustained as Average Yield Falls 27bps WoW

3.    Bullish Run Sustained as Average Yield Falls 100bps WoW

4.    August 2021 FGN Savings Bonds Offer for Subscription

5.    FMDQ Group Holds 9th AGM; Reports Significant Development Across the Group and Subsidiaries

6.    NGX Lists two (2) FGN Savings Bonds Issued in July 2021

7.    Improved Liquidity Spurs Investors Interest in Fixed Income Assets

8.    FBNQuest Series 19 Commercial Paper Listed on FMDQ Securities Exchange Limited Platform

9.    Bullish Turn Persists, as Average Yield Dips 2bps WoW

10.  Another Success at July 2021 Auction for the DMO

Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.

Related News