FG Lists Over 900m Units of Bonds on NGXThe Federal Government of Nigeria has taken a significant step to expand its bond listings on the Nigerian Exchange Limited (NGX) with an additional 910.3 million units of its existing February 2025 bonds.
This move aims to further boost the government’s capital-raising efforts to support infrastructure and development projects across the country.
The supplementary listing includes 305.36 million units of the 19.30% FGN APR 2029 bond and 605.03 million units of the 18.50% FGN FEB 2031 bond. This brings the total outstanding units for the 19.30% FGN APR 2029 bond to 768.52 million and the 18.50% FGN FEB 2031 bond to 2.71 billion units.
FGN bonds are debt securities issued by the Federal Government to raise capital for infrastructure projects and other development initiatives. These bonds provide investors with a low-risk investment opportunity, while also supporting the government’s development goals.
The expansion of the bond listings on the NGX is expected to have a positive impact on the capital market. It provides investors with a wider range of investment options, while also deepening the market and increasing liquidity.
Investors can benefit from the expanded bond listings in several ways. Firstly, it provides them with a low-risk investment opportunity, as FGN bonds are backed by the full faith and credit of the Federal Government. Secondly, it offers a relatively stable return on investment, as the bonds are issued with fixed interest rates.
The expansion of the bond listings is also expected to have a positive impact on the economy. It provides the government with additional capital to fund infrastructure projects and other development initiatives, which can help to stimulate economic growth and development.
In conclusion, the expansion of the bond listings on the NGX is a significant development that is expected to have a positive impact on the capital market and the economy. It provides investors with a wider range of investment options, while also supporting the government’s development goals.