The Debt Management Office (DMO) has launched two new Federal Government of Nigeria (FGN) savings bonds for subscription, priced at N1,000 per unit.
The first bond is a two-year offer maturing on August 21, 2026, with an interest rate of 17.373% per annum.
The second bond is a three-year offer maturing on August 21, 2027, with an interest rate of 18.373% per annum.
The subscription period runs from August 12 to August 16, with the bonds settling on August 21. Interest will be paid quarterly, and the principal amount will be repaid in full at maturity.
Investors can subscribe with a minimum of N5,000, and the maximum subscription is N50 million.
These bonds are backed by the Nigerian government and offer tax benefits under the Company Income Tax Act and Personal Income Tax Act.
They are also listed on the Nigerian Exchange Limited, making them liquid assets for banks and eligible investments for trustees. Interested investors should contact designated stockbroking firms.