February 03, (THEWILL) – The Debt Management Office (DMO), on Monday, announced an offer for subscription to two federal government savings bonds for February 2025 at interest rates of 17.799% and 18.799% respectively.
A statement by DMO on Monday said the first offer is a two-year FGN savings bond due on February 12, 2027, at an interest rate of 17.799% per annum. The second offer is a three-year FGN savings bond due on February 12, 2028, at an interest rate of 18.799% per annum.
The opening date for the offer is February 3, 2025; the closing date is February 7, 2025; the settlement date is February 12, 2025, while coupon settlement dates are May 12, August 12, November 12, and February 12.
“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 repayment (principal sum) is…
