DMO allots N4bn for June savings bond

The Debt Management Office (DMO) has announced the successful allotment of the Federal Government of Nigeria (FGN) Savings Bonds for the month of June 2025, with a total allotment of N4.01 billion. The DMO in a data published on its website yesterday indicated that the bonds were offered between June 2 and June 6, 2025. […]

The Debt Management Office (DMO) has announced the successful allotment of the Federal Government of Nigeria (FGN) Savings Bonds for the month of June 2025, with a total allotment of N4.01 billion.

The DMO in a data published on its website yesterday indicated that the bonds were offered between June 2 and June 6, 2025.

The 2-year bond, due to mature on June 11, 2027, was allotted at a coupon rate of 16.121%, while the 3-year bond, maturing on June 11, 2028, was issued at a 17.121% coupon rate.

The 2-year bond received N2.01 billion in total allotments, with 1,202 successful subscriptions, while the 3-year bond attracted N1.995 billion, spread across 1,321 successful subscriptions.

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According to the statement, both bonds will have quarterly coupon payments scheduled for September 11, December 11, March 11, and June 11 of each year.

The settlement date for both bonds was June 11, 2025, marking the official commencement of the investment period for subscribers.