Invest in FGN Monthly Bond Auction - March 2021


Thursday, March 18 2021 / 08:27 AM / by DMO / Header Image Credit: Getty Images

Proshare Nigeria Pvt. Ltd.

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 - 16.2884% FGN MAR 2027 (10-Yr Re-opening)*

N50,000,000,000 - 12.50% FGN MAR 2035 (15-Yr Re-opening)*

N50,000,000,000 - 9.80% FGN JUL 2045 (25-Yr Re-opening)*


Auction DateMarch 24, 2021

Settlement DateMarch 26, 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. Nigeria's Inflation Rises to 17.33%, Highest In 4 Years, Causing a Somber Trading Session
  2. ARDOVA Notifies of Proposed N60bn Bond Issuance Programme
  3. Bond Yields Push Higher as Unemployment Figures Came Out Weaker for Q4'2020
  4. Average NT-Bills Yields Expand 110bps WoW to 2.7% Amidst Sell-offs Following Tight Funding Levels
  5. MTN Nigeria Communications Plc Series III and IV Commercial Paper Issuance Now Open
  6. FMDQ Exchange Admits Fidelity Bank's N41.21bn Series 1 Bond on Its Platform
  7. SEC 2021 Budget Seminar: Stakeholders Urge FG to Raise Bonds for Revenue Generating Projects
  8. FMDQ Admits the TSL SPV Plc N12.00bn Series 1 Guaranteed Fixed Rate Infrastructure Bond
  9. NTB Auction: DMO Raises 1-Year Rate by 100bps, Its Seventh Consecutive Increase
  10. Tepid Performance Persists as Average Yield Closes Flat at 1.5% WoW


 Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.

Related News