The Federal Government of Nigeria has successfully raised N4.01 billion from its June 2025 Savings Bond issuance, according to allotment results released by the Debt Management Office (DMO) on Wednesday. The offer, which ran from June 2 to June 6, 2025, included two bond tenors: a two-year bond maturing in June 2027, and a three-year bond maturing in June 2028.
The two-year bond was allotted at a coupon rate of 16.121%, while the three-year bond was offered at a slightly higher rate of 17.121%. A total of 1,202 investors subscribed successfully to the two-year bond, which raised N2.01 billion. The three-year bond attracted 1,321 successful subscriptions, with an allotment value of N1.995 billion.
Both bonds have a settlement date of June 11, 2025, and will pay interest quarterly—on September 11, December 11, March 11, and June 11—until maturity.
This issuance is one of the Federal Government’s broader initiatives to deepen the domestic debt market and provide retail investors with access to safe and secure investment opportunities.
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Bonds were offered at N1,000 per unit, with a minimum subscription of N5,000 and a maximum of N50 million, making them accessible to both small and large investors.
Although the June issuance was slightly lower than the N4.28 billion raised in May 2025, investor demand remains strong. Notably, the interest rates for the June bonds were marginally lower than May’s offer, which stood at 16.173% for the two-year and 17.173% for the three-year bonds.
Introduced in 2017, the FGN Savings Bond programme aims to promote financial inclusion and support economic development. These bonds are recognized under tax laws such as CITA and PITA and qualify for tax exemptions under pension fund regulations.
Listed on the Nigerian Exchange (NGX), they can be traded in the secondary market, offering liquidity and flexibility for investors seeking stable returns amid economic uncertainty.
