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Article

Nigeria's Debt Management Office seeks to raise N1 trillion on Monday, reopening its popular June 2038 bond.

Nairametrics Sep 13, 2026
Read the original Article page

TL;DR

The Debt Management Office (DMO) is offering N1 trillion in bonds on Monday, September 14, 2026, to fund the Federal Government's domestic borrowing needs.

The offer consists of N600 billion from reopening the existing 15.45% June 2038 bond and N400 billion from a new bond maturing in September 2036.

Intelligence

The June 2038 bond currently has N2.42 trillion outstanding, and a successful auction could push its cumulative value beyond N3 trillion.

This auction comes amid falling yields on Nigerian government debt, with the August 2038 bond yield clearing at 17.79% and the one-year Treasury bill yield dropping to 16.62% on September 9.

This N1 trillion auction highlights the Federal Government's intensive reliance on domestic debt markets to plug fiscal deficits during Q3 2026.

For Nigerian asset managers, pension fund administrators, and treasury officers, the critical signal to watch on Monday is whether the June 2038 clearing yield drops below August's 17.79%.

If yields continue their downward trajectory over the coming month, it will successfully lower government debt-servicing costs but squeeze yield margins for institutional fixed-income portfolios.

Funding extracted from this article

1
Federal Government of Nigeria Debt · N1 trillion

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0

No regulatory actions were extracted from this article.

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0

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