The Debt Management Office (DMO) has announced an offering for two federal government of Nigeria (FGN) savings bonds for subscription at N1,000 per unit.
Debt Management Office
In a statement on Monday, DMO said the offers, which opened on June 3, 2023, will close by June 9, 2023. The second issuance, DMO said, is a three-year savings bond maturing on June 14, 2026, at 11.301 percent per annum interest rate.The organisation also said coupon payment dates are September 14, December 14, March 14, and June 14 respectively.
The DMO noted that the FGN savings bonds were backed by the full faith and credit of the federal government of Nigeria and charged upon the general assets of the country.
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