The Debt Management Office has allotted N4.3bn worth of Federal Government Savings Bonds in its May 2025 offer.
The subscription period for the bonds ran from May 5 to May 9, 2025, with the settlement date scheduled for May 14, 2025.
The Federal Government Savings Bond is a secure investment instrument offered by the Federal Government to encourage savings and provide investors with regular income through fixed coupon payments.
The offer included two tenor options: a two-year bond maturing on May 14, 2027, carrying a coupon rate of 16.173 per cent, and a three-year bond maturing on May 14, 2028, with a coupon rate of 17.173 per cent. Coupon payments for both bonds are scheduled quarterly on August 14, November 14, February 14, and May 14.
A total of N840.434m was allotted for the two-year bond, with 994 successful subscriptions.
Meanwhile, the three-year bond saw a higher allotment of N3.466 billion across 1,537 successful subscriptions.
Akelicious reported that the Federal Government borrowed a total of N1.94tn from bond investors in the first quarter of 2025, an analysis of bond auction results released by the Debt Management Office showed.