DMO allots N4.27bn FGN savings bond for July

The Debt Management Office (DMO) has successfully alloted the Federal Government of Nigeria (FGN) Savings Bonds for the month of July 2025, with a total allotment of N4.27 billion. The July 2025 allotment is higher than the N4.01 billion recorded in the June 2025 auction. The DMO which disclosed this yesterday on its official website […]

The Debt Management Office (DMO) has successfully alloted the Federal Government of Nigeria (FGN) Savings Bonds for the month of July 2025, with a total allotment of N4.27 billion.

The July 2025 allotment is higher than the N4.01 billion recorded in the June 2025 auction.
The DMO which disclosed this yesterday on its official website said the bonds were offered between July 7 and July 11, 2025.

The 2-year bond, due to mature on July 16, 2027, was allotted at a coupon rate of 15.762%, while the 3-year bond, maturing on July 16, 2028, was issued at a 16.762% coupon rate.

The interest offered showed a decline from the 17.121 offered in June.

The two-year bond received N853.822 million in total allotments, with 1,078 successful subscriptions, while the 3-year bond attracted N3.4 billion, spread across 1,591 successful subscriptions.

According to the DMO, both bonds will have quarterly coupon payments scheduled for October 16, January 16, April 16, July 16 each year.

Also, the settlement date for both bonds was July 16, 2025.

The bonds were issued at N1,000 per unit, with a minimum subscription requirement of N5,000 and in multiples of N1,000 thereafter, up to a maximum subscription of N50 million.

Daily Trust reports that the FGN Savings Bonds are a debt instrument issued by the Federal Government of Nigeria, essentially borrowing money from retail investors to fund government projects.