The Federal Government has listed its April 2025 Savings Bonds valued at N4.3bn on the Nigerian Exchange Limited.
The listing, which took place on Tuesday, was disclosed in a market bulletin issued by the NGX Regulation Limited.
According to the NGX, two tranches of the FGN Savings Bonds were admitted to trading – the two-year 16.046 per cent FGS April 2027 and the three-year 17.046 per cent FGS April 2028.
A total of N1.13bn was raised for the 2027 bond, with 1,135,475 units issued, while the longer-tenored 2028 bond saw a total subscription of N3.2bn, amounting to 3,203,072 units.
The Exchange noted that coupon payments for both bonds will be made quarterly every 16th of July, October, January, and April, with maturity dates set for April 16, 2027, and April 16, 2028, respectively.
The bonds, which are part of the government’s effort to encourage domestic savings and deepen the retail bond market, carry the symbol codes FGS202787 and FGS202888.
The PUNCH reported that the Federal Government of Nigeria has listed a N368.3bn bond along with N234bn in supplementary bond issues on the Nigerian Exchange Limited.
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