{
  "id": 7294080,
  "title": "DMO opens N1tn FGN bond subscription, sets N50m minimum",
  "url": "https://urgent.news/2026/09/14/dmo-opens-n1tn-fgn-bond-subscription-sets-n50m-minimum-7294080",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-14T10:26:04.000Z",
  "source": {
    "name": "Punch",
    "slug": "punch",
    "url": "https://punchng.com/dmo-opens-n1tn-fgn-bond-subscription-sets-n50m-minimum/"
  },
  "original_language": "en",
  "account": "The Debt Management Office (DMO) has initiated the sale of two Federal Government of Nigeria bonds with a combined value of N1tn, each to be purchased at N1,000 per unit. The first bond is a fresh 10-year FGN bond set to mature in September 2036, totaling N400bn, while the second is a reissued 15-year FGN bond due in 2038, valued at N600bn with a coupon rate of 15.45% per annum. The bidding process commenced on September 14, with settlement occurring on September 16. According to the DMO, each bond can be subscribed to in multiples of N50 million, with a minimum subscription of N50 million. For reopened bonds, the price paid by successful bidders will correspond to their bid yield-to-maturity, covering the auctioned volume and any accrued interest. The DMO emphasized that these bonds are backed by the full faith and credit of the Federal Government and are secured against Nigeria's general assets. They also qualify as investments for trustees under specific Acts, exempting them from certain taxes. The bonds are traded on the Nigerian Exchange Limited and FMDQ OTC Securities Exchange, qualifying as liquid assets for banks' liquidity ratio calculations.",
  "summary": "The Debt Management Office has announced a N1tn Federal Government of Nigeria bond subscription offer with a minimum investment of N50 million per investor Read More: https://punchng.com/dmo-opens-n1tn-fgn-bond-subscription-sets-n50m-minimum/",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Punch Nigeria",
        "title": "DMO opens N1tn FGN bond subscription, sets N50m minimum",
        "url": "https://urgent.news/2026/09/14/dmo-opens-n1tn-fgn-bond-subscription-sets-n50m-minimum",
        "published": "2026-09-14T10:14:04.000Z"
      }
    ]
  },
  "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."
}