The Debt Management Office (DMO) on behalf of the Federal Government of Nigeria has announced that it is offering for subscription the Federal Government of Nigeria Savings Bond at the following interest rates:
- 2-Year FGN Savings Bond due in August 21, 2026: 17.373% per annum
- 3-Year FGN Savings Bond due in August 21, 2027: 18.373% per annum
According to DMO, the opening date for the offer was August 12, 2024. Closing date is on August 16, 2024. Settlement date is on August 21, 2024.
Opening Date: Closing Date: August 12, 2024 August 16, 2024 Settlement Date: Coupon Payment Dates: August 21, 2024 November 21, February 21, May 21, August 21, 2024.
Coupon payment dates are November 21, February 21, May 21, and August 21.
Units of Sale:
N1,000 per unit subject to a minimum Subscription of N5,000 and in multiples of N1,000 thereafter, subject to a maximum subscription of N50,000,000.