The Debt Administration Workplace (DMO) has efficiently allotted a complete of N4.34 billion within the April 2025 issuance of the Federal Authorities of Nigeria (FGN) Financial savings Bonds.
That is based on information revealed on DMO’s official web site.
The allotment, which ran in the course of the provide interval from April 7 to 11, 2025, noticed buyers subscribe to 2 tenors: a 2-year bond maturing on April 16, 2027, and a 3-year bond maturing on April 16, 2028.
Each bond sequence are set to choose April 16, 2025, with coupon funds scheduled quarterly on July 16, October 16, January 16, and April 16 all through their period.
Breakdown of Allotment
Provide Particulars
The financial savings bonds, designed primarily for retail buyers, proceed to draw sturdy participation as Nigerians search safer and extra predictable returns amid broader market uncertainties.
FGN Financial savings Bond qualifies as a safety wherein trustees can make investments underneath the Trustee Funding Act, and likewise qualifies as a authorities safety underneath the Firm Earnings Tax Act (CITA) and Private Earnings Tax Act (PITA), enabling tax exemption standing for pension funds and different eligible buyers.
