By Bamidele Famoofo
WorldStage– The Debt Management Office (DMO), the government agency responsible for managing Nigeria’s public debt, reopened the JAN-2035 and APR-2037 bonds, offering a total of NGN600.00 billion at Monday’s FGN bond auction.
Total demand by investors settled at NGN516.15 billion (bid-to-offer: 0.9x), with the DMO eventually allotting NGN334.53 billion (bid-to-cover: 1.5x). The stop rate on the JAN-2035, which was on-the-run last month, expanded by 41bps to 17.00 percent. While the stop rate on the APR-2037 printed 17.04 percent.
On May 13, 2026, the Debt Management Office announced the listing of the 18.95 percent NGN47.355 billion Series III Sovereign Green Bond due June 2030 on the Nigerian Exchange Limited and FMDQ Securities Exchange Limited.
The Green Bond, which is the third to be issued by the DMO on behalf of the Federal Government of Nigeria. The debt office said the issuance is part of its efforts to provide funds needed to finance green projects that support Nigeria’s commitment towards achieving a low-carbon and climate-resilient society. In addition, through the issuance of Green Bonds, the DMO is increasing visibility for climate-focused financial instruments in the domestic market, while also providing ethical investors with securities that meet their investment preferences. The Listing of the Green Bond is to provide liquidity to investors and achieve price transparency.
The DMO acknowledged the collaboration of the Transaction Parties to the issuance of the Green Bond, namely, the Issuing Houses and Bookrunners – Chapel Hill Denham and Stanbic IBTC Capital Limited and the Legal Adviser – S.P.A. Ajibade and Co., as well as other market stakeholders.
It reiterates its commitments to providing a wide range of securities to meet the needs of diverse investors while also, deepening the domestic bond market.
