The Debt Administration Workplace (DMO) has introduced the profitable allotment of the Federal Authorities of Nigeria (FGN) Financial savings Bonds for the month of July 2025, with a complete allotment of N4.27 billion.
In response to information printed on the DMO’s official web site on Thursday, the bonds have been supplied between July 7 and July 11, 2025.
The two-year bond, attributable to mature on July 16, 2027, was allotted at a coupon charge of 15.762%, whereas the 3-year bond, maturing on July 16, 2028, was issued at a 16.762% coupon charge.
The two-year bond acquired N853.822 million in complete allotments, with 1,078 profitable subscriptions, whereas the 3-year bond attracted N3.4 billion, unfold throughout 1,591 profitable subscriptions. Each bonds can have quarterly coupon funds scheduled for October 16, January 16, April 16, July 16 annually.
The settlement date for each bonds was July 16, 2025, marking the official graduation of the funding interval for subscribers.
The July 2025 allotment is greater than the N4.01 billion recorded in June 2025 public sale.
The bonds have been issued at N1,000 per unit, with a minimal subscription requirement of N5,000 and in multiples of N1,000 thereafter, as much as a most subscription of N50 million.
The 16.762% rate of interest represents a lower from June 2025, when the speed stood at 17.121% each year for the 3-year bond. Equally, the 2-year bond charge declined to fifteen.762%, down from 16.121% in June.
That is seemingly pushed by the Central Bank of Nigeria’s (CBN) resolution to retain coverage charges at 27.5% in latest months.
The Federal Authorities of Nigeria (FGN) Financial savings Bond programme, launched in 2017, was designed to deepen the home bond market, promote {financial} inclusion, and supply retail traders entry to safe and low-risk authorities securities.
Over time, FGN Financial savings Bonds have turn into more and more common amongst Nigerians on the lookout for secure and predictable funding choices. Amid issues over inflation and unstable rates of interest in conventional financial savings merchandise, these government-backed bonds supply stability and constant returns.
