DMO Lists 2 Savings Bonds for Subscription in October
The Debt Management Office (DMO) has offered two Federal Government of Nigeria (FGN) bonds for subscription in October at N1,000 per unit.
According to a statement issued by DMO, the first offer is a two -year FGN savings bonds due in Oct. 16, 2026 at an interest rate of 17.084 per cent per annum.
The News Agency reports that the second offer is a three-year FGN savings bond due in Oct. 16, 2027, at an interest rate of 18.084 per cent per annum.
Opening date for the offers is Oct. 7, with closing date set for Oct. 11, settlement date Oct. 16, while coupon payment dates are Jan. 16, April 16, July 16 and Oct. 16.
“They are offered at N1,000 per unit subject to a minimum subscription of N5,000 and in multiples of N1,000 thereafter, subject to a maximum subscription of N50 million.
“Interest is payable quarterly, while bullet…
