The Debt Administration Workplace (DMO) has disclosed the outcomes of the Federal Authorities of Nigeria (FGN) Financial savings Bonds public sale for Could 2025, with a complete allotment of N4.28 billion.
Based on knowledge printed on the DMO’s official web site on Friday, the bonds have been supplied between Could 5 and 9, 2025.
Traders subscribed to 2 tenors: a 2-year bond maturing on Could 14, 2027, and a 3-year bond maturing on Could 14, 2028.
Each sequence are scheduled to decide on Could 14, 2025, with curiosity funds to be made quarterly on August 14, November 14, February 14, and Could 14 all through the length of the bonds.
The Could 2025 allotment is barely decrease than the N4.34 billion recorded in April 2025.
Allotment Breakdown
The DMO revealed that the 2-year FGN Financial savings Bond was supplied at an rate of interest of 16.173% and recorded a complete allotment of N840.43 million throughout 994 profitable subscriptions.
In the meantime, the 3-year FGN Financial savings Bond, supplied at 17.173%, attracted a complete allotment of N3.45 billion from 1,537 profitable subscriptions.
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.
What you need to know
The Federal Authorities of Nigeria (FGN) Financial savings Bond programme, launched in 2017, was designed to deepen the home bond market, promote monetary inclusion, and provide retail buyers entry to safe and low-risk authorities securities.
- The FGN Financial savings Bond qualifies as an authorised funding below the Trustee Funding Act and can also be recognised as a authorities safety below each the Firm Earnings Tax Act (CITA) and the Private Earnings Tax Act (PITA). This makes it eligible for tax exemption by pension funds and different certified institutional buyers.
- Moreover, the bonds are listed on the Nigerian Change Restricted (NGX), offering buyers with the choice to commerce them on the secondary market and enhancing total liquidity. In addition they qualify as liquid property for the aim of computing banks’ liquidity ratios.
- Through the years, FGN Financial savings Bonds have develop into more and more fashionable amongst Nigerians searching for secure and predictable funding choices. Amid considerations over inflation and risky rates of interest in conventional financial savings merchandise, these government-backed bonds provide stability and constant returns.
In April 2025, DMO allotted a complete of N397.898 billion throughout two re-opening points—the 19.30% FGN APR 2029 (5-12 months Bond) and the 19.89% FGN MAY 2033 (9-12 months Bond).
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