Savings Bond: FG Raises N3.96 Billion in October Offer
The Federal Government, through the Debt Management Office (DMO), raised a total of N3.96 billion from the October 2025 issuance of the Federal Government of Nigeria Savings Bonds (FGNSB).
According to the DMO's official allotment results, the government offered two tranches of savings bonds:
- a two-year FGN Savings Bond due October 15, 2027, with an interest rate of 14.062% per annum, and
- a three-year FGN Savings Bond due October 15, 2028, with a coupon rate of 15.062% per annum.
The two-year bond had a total subscription value of N779.047 million with 1,052 successful investors, while the three-year bond raised N3,185.695 million with 1,435 successful subscriptions.
No direct quote available.
Author's summary: FG raises N3.96 billion from savings bonds.