The Federal Government has listed its April 2025 Savings Bonds valued at N4.3bn on the Nigerian Exchange (NGX).
According to NGX, two tranches of the FGN Savings Bonds were admitted to trading – the two-year 16.046 per cent FGS April 2027 and the three-year 17.046 per cent FGS April 2028.
A total of N1.13bn was raised for the 2027 bond, with 1,135,475 units issued, while the longer-tenored 2028 bond saw a total subscription of N3.2bn, amounting to 3,203,072 units.
The Exchange noted that coupon payments for both bonds will be made quarterly every 16th of July, October, January, and April, with maturity dates set for April 16, 2027, and April 16, 2028, respectively.