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Wednesday, 29 January 2025 04:48

FG raises N669.94bn in January 2025 Bond auction

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The Debt Management Office (DMO) has successfully raised N669.94 billion in its January 2025 Federal Government of Nigeria (FGN) bond auction, with N606.46 billion allotted across three different bond tenors.

According to the results posted by DMO on X (formerly Twitter), the allocations were distributed as follows:

- 19.30% FGN APR 2029: N78.86 billion at 21.79% yield

- 18.50% FGN FEB 2031: N159.29 billion at 22.5% yield

- 22.60% FGN JAN 2035: N368.31 billion at 22.6% yield

The auction, which initially targeted N450 billion, was oversubscribed with strong investor interest across all tenors. The funds raised are intended to support government infrastructure projects and help finance the 2025 budget deficit through domestic borrowing.​​​​​​​​​​​​​​​​