DMO announces FGN Savings Bond for October 2023

The Debt Management Office on behalf of the Federal Government of Nigeria has announced that it is opened to receive applications for the FGN Savings Bond for October at the following interest rates:

  • 2-Year FGN Savings Bond due October 11, 2025: 11.074% per annum
  • 3-Year FGN Savings Bond due October 11, 2026: 12.074% per annum

According to DMO, the Opening Date is on October 3, Closing Date is on October 6, Settlement Date is on October 11, while Coupon Payment Dates are January 11, April 11, July 11 and October 11 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.

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