The Debt Management Office (DMO) on behalf of the Federal Government of Nigeria has announced that it is offering for Subscription October Savings Bond at the following interest rates:
- 2-Year FGN Savings Bond due in October 16, 2026 at the interest rate of 17.084% per annum
- 3-Year FGN Savings Bond due October 16, 2027 at the interest rate of 18.084% per annum
The opening date for the offer is October 7. Closing date is October 11. Settlement date is October 16, 2024. The Coupon payment dates are January 16, April 16, July 16 and October 16 respectively.
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.