{
  "id": 6456707,
  "title": "FG offers N1 trillion bonds in September auction at N50 million minimum subscription",
  "url": "https://urgent.news/2026/09/09/fg-offers-n1-trillion-bonds-in-september-auction-at-n50-million",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-09T17:22:41.000Z",
  "source": {
    "name": "Nairametrics",
    "slug": "nairametrics",
    "url": "https://nairametrics.com/2026/09/09/fg-offers-n1-trillion-bonds-in-september-auction-at-n50-million-minimum-subscription/"
  },
  "original_language": "en",
  "account": "The Federal Government of Nigeria plans to issue N1 trillion in bonds during a September 2026 auction, with a minimum subscription requirement of N50.001 million per investor, according to the latest Debt Management Office (DMO) circular. The auction will feature N400 billion of a new 10-year bond set to mature in September 2036 and N600 billion of the previously re-opened 15.45% FGN June 2038 bond, which will retain a fixed coupon rate of 15.45%. The bonds will be sold at N1,000 per unit, with subscriptions required in increments of N1,000. Successful bidders will pay a price determined by the yield-to-maturity bid, factoring in any accrued interest. Interest payments will be made semi-annually, with full principal repayment due upon maturity. Backed by the full faith and credit of the Federal Government and secured against the nation's assets, these bonds represent a key source of domestic financing for the government's fiscal obligations. The upcoming September auction follows a successful August auction, where investor bids totaled N1.73 trillion against an offering of N1.1 trillion. Notably, Nairametrics reported that the DMO raised N5.86 billion through the FGNSB in August 2026, a decline from the N6.19 billion raised in July, indicating a softer demand from investors that month. Despite this trend, the strong subscription in August suggests sustained investor interest in government securities. The DMO also announced the launch of its September 2026 Savings Bond offer, which provides annual interest rates up to 15.12%. These securities serve as a benchmark for Nigeria's fixed income market and qualify as trustee investments under relevant Acts.",
  "summary": "The Federal Government of Nigeria is seeking to raise N1 trillion in its September 2026 bond auction, with the Debt Management Office (DMO) setting a minimum entry threshold of N50.001 million for participating investors. The post FG offers N1 trillion bonds in September auction at N50 million minimum subscription appeared first on Nairametrics .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}