The Debt Management Office (DMO) has announced an opportunity for investors to subscribe to two Federal Government of Nigeria (FGN) savings bonds, with a minimum investment of N1,000 per unit. The offer, tailored for retail investors, provides a guaranteed quarterly interest payment and repayment of the principal at maturity.
The two-year FGN savings bond, maturing on August 21, 2026, offers an interest rate of 17.373% per annum, while the three-year bond, maturing on August 21, 2027, offers an interest rate of 18.373% per annum. The subscription period runs from August 12 to August 16, with a settlement date of August 21.
Investors can purchase the bonds in multiples of N1,000, with a minimum subscription of N5,000 and a maximum of N50 million. The bonds are backed by the full faith and credit of the FGN and are eligible for listing on the Nigerian Exchange Limited (NGX). Additionally, they qualify as liquid assets for liquidity ratio calculation for banks and are exempt from tax for pension funds and other investors.
