The Federal Government is projecting to raise N750 billion from the March 2026 bond.
Details from the March 2026 bond offer circular published on the website of the Debt Management Office on Wednesday showed that the offer comprises three re-opened instruments: N250 billion for the 17.945 per cent FGN August 2030 bond, N200 billion for the 17.95 per cent FGN June 2032 bond, and N300 billion for the 19.89 per cent FGN May 2033 bond, bringing the total to N750 billion.
According to the circular, the auction is scheduled for March 30, 2026, with settlement fixed for April 1, 2026.
The bonds will be issued through a competitive auction process in which investors bid based on yield-to-maturity, while coupon rates remain unchanged due to the re-opening structure.
A month-on-month comparison indicates that the government reduced its bond offer by N50 billion from the N800 billion offered in February 2026.
In the previous month, the DMO offered N400 billion for the 17.95 per cent June 2032 bond, N300 billion for the 19.89 per cent May 2033 bond, and N100 billion for the 19.00 per cent February 2034 bond.
