{"id":3331,"date":"2021-12-10T12:03:04","date_gmt":"2021-12-10T12:03:04","guid":{"rendered":"https:\/\/fmdqgroup.com\/exchange\/?page_id=3331"},"modified":"2025-10-09T12:52:35","modified_gmt":"2025-10-09T12:52:35","slug":"bonds","status":"publish","type":"market-products","link":"https:\/\/fmdqgroup.com\/exchange\/market-products\/bonds\/","title":{"rendered":"Bonds"},"content":{"rendered":"

Bonds represent a long-term debt obligation of an entity. Investors in bonds, effectively lend funds to the issuer of the bond for a defined period of time to meet their financing needs. Like most loans or lending arrangements, bonds are interest-bearing securities issued at fixed or variable interest rates, and the interest is paid either in the form of a periodic coupon throughout the tenor of the bond or as a discount at the issuance of the bond. By issuing a bond, the issuer (borrower) commits to make both interest and principal payments to the investors (lenders).<\/p>\n

Bonds may be issued in domestic\/local currency of the issuer or foreign currencies, to meet both short-term and long-term financing needs. They may be issued through various processes such as Competitive Bidding (Auction), Book Building, Syndication or Private Placements.<\/p>\n

The Debt Management Office of Nigeria (on behalf of the Federal Government of Nigeria; \u201cFGN\u201d), through the Central Bank of Nigeria, issues Bonds periodically to meet the government\u2019s medium- to long-term funding needs. FGN Bonds are usually issued through a competitive bidding process, following which they are listed and traded on relevant platforms on FMDQ Exchange.
In addition to FGN Bonds, other types of bonds listed and traded\/reported on FMDQ Exchange includes:<\/p>\n