The Debt Management Office has opened subscriptions for two Federal Government’s savings bonds, each priced at N1,000 per unit at 17.06 and 18.046 per cent, respectively.
It disclosed this in a statement accessed on its website by PUNCH on Wednesday.
The DMO offered a two-year savings bond expected to mature on April 9, 2026, at 17.046 per cent per year.
This bond is designed for retail investors and offers guaranteed quarterly interest payments along with repayment of the principal at maturity.
The second is a three-year savings bond due to mature on April 9, 2027, at an interest rate of 18.046 per cent.
Similar to the two-year bond, this option also provides quarterly interest payments and principal repayment.
DMO is a government agency established to centrally coordinate the management of Nigeria’s debt.
Investor interest in the FGN Savings…
