The Nigerian Exchange Limited (NGX) has announced the listing of a N368.31 billion Federal Government of Nigeria (FGN) bond.
The 10-year bond, carrying a 22.60% coupon rate, was officially listed on Tuesday, February 18, 2025. Designated as 22.60% FGN JAN 2035, it has been assigned the symbol FG212035S1 and ISIN NGFG21203518. The bond matures on January 29, 2035, with semi-annual coupon payments scheduled for January 29 and July 29.
In addition to the new listing, NGX has also announced supplementary listings for two existing FGN bonds. The 19.30% FGN APR 2029 bond saw an increase of 78.86 million units, raising the total outstanding units to 463.16 million. Similarly, the 18.50% FGN FEB 2031 bond was increased by 153.87 million units, bringing the total to 2.11 billion outstanding units.
NGX stated that these listings aim to strengthen Nigeria’s capital market by expanding investment opportunities and boosting trading activity. The Exchange emphasized that the listing of the new FGN bond aligns with its commitment to supporting government financing initiatives while offering investors diverse options in the bond market.
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