The Debt Management Office (DMO), representing the Federal Government, has initiated the subscription for the September 2025 FGN Savings Bond, with rates closely aligned to those from the August issuance.
This September offering features a 2-year bond maturing on September 10, 2027, with a coupon rate of 15.541% per annum. Additionally, there is a 3-year bond set to mature on September 10, 2028, which provides a higher interest rate of 16.541% per annum.
The subscription period commenced on Monday, September 1, 2025, and will conclude on Friday, September 5, with the settlement date scheduled for September 10. This issuance follows last month’s offering, during which the DMO allocated a total of N3.92 billion in FGN Savings Bonds.
In August, the DMO had presented a 2-year bond due on August 13, 2027, with a coupon rate of 14.401% per annum, and a 3-year bond maturing on August 13, 2028, which offered a return of 15.401% per annum.
