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.

The PUNCH 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.

All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.

Contact: [email protected]