The Federal Government of Nigeria has raised a total of N4.01bn from its June 2025 Savings Bond issuance, according to the allotment results released by the Debt Management Office on Wednesday.
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The offer, which ran from June 2 to June 6, 2025, comprised two tranches: a two-year bond due in June 2027 with a coupon rate of 16.121 per cent and a three-year bond due in June 2028 with a coupon rate of 17.121 per cent.
For the two-year bond, the government allotted N2.01bn across 1,202 successful subscriptions, while the three-year bond attracted 1,321 successful investors, with an allotment value of N1.995bn.
Both instruments have a settlement date of June 11, 2025, and will pay coupons quarterly, on September 11, December 11, March 11, and June 11 of every year until maturity.
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The Federal Government Savings Bond is part of efforts to deepen the domestic debt market and ensure the participation of small-scale investors in national development.
Reported that the Debt Management Office has allotted N4.3bn worth of Federal Government Savings Bonds in its May 2025 offer..…..For More READ THE FULL ARTICLE HERE ▶▶
