The Debt Management Office on Thursday announced an offering of N200bn savings bonds.
According to the offer document on its website, one of the bonds was a reopening of the June 2032 bond with the coupon rate of 17.95 per cent.
The new five-year bond, FGN AUG 2030 of N100bn, doesn’t have a coupon rate yet. The auction date for the bonds is Monday, with settlement expected on Wednesday.
The minimum subscription amount is N5,000.00 with additions in multiples of N1,000.00, subject to a maximum of N50m.
Interests are paid semi-annually. Earlier in the month, DMO launched the August 2025 Federal Government of Nigeria savings bonds, offering investors attractive interest rates of up to 15.401 per cent per annum.
The bond offering consisted of two options: a two-year savings bond maturing on August 13, 2027, with an interest rate of 14.401 per cent, and a three-year bond maturing on August 13, 2028, with a higher interest rate of 15.401 per cent.
