The Nigerian Exchange Limited (NGX) has officially listed the June 2025 edition of the Federal Government of Nigeria (FGN) Savings Bonds, totaling N4.01 billion. This announcement was made through a market bulletin dated Wednesday, July 9, 2025, with reference number NGXREG/IRD/MB48/25/07/09. The listing comprises two separate bond offerings designed to appeal to retail investors seeking safe, fixed-income investment options.
The first tranche is a two-year bond labeled FGS JUN 2027, issued at a coupon rate of 16.121%. This tranche attracted a total investment of N875.06 million, equating to 875,062 units. It will mature on June 11, 2027, and is listed under the symbol FGS202791, with the International Securities Identification Number (ISIN) NGFGS2027913.
The second tranche, which garnered a significantly larger investment of N3.13 billion (3,130,241 units), is a three-year bond maturing in June 2028. This bond carries a coupon rate of 17.121% and is listed under the symbol FGS202892 with ISIN NGFGS2028929. Both bonds were issued on June 11, 2025, and will provide investors with periodic returns over their respective durations.
Investors in both bonds will receive interest payments quarterly — specifically on September 11, December 11, March 11, and June 11 — until maturity. The consistent payment schedule offers predictable income and supports investor confidence in the government’s debt instruments.
This listing follows the Federal Government’s previous action in April 2025, where it listed N4.3 billion worth of Savings Bonds. The move reinforces the government’s continued use of retail bond offerings to deepen financial inclusion and raise domestic funds without relying solely on external borrowing.
Source: Punch