The Federal Government has opened subscriptions for two tranches of its December Savings Bonds, offering investors an opportunity to earn competitive returns, the Debt Management Office (DMO) announced on Wednesday.
The bonds on offer include a two-year FGN Savings Bond maturing on December 10, 2027, with an annual interest rate of 12.838%, and a three-year bond maturing in December 2028, offering 13.839% per annum.
According to the DMO, the subscription window opens on December 1, with settlement scheduled for December 10. Interest payments will be made quarterly on March 10, June 10, and December 10.
Each bond unit is priced at N1,000, with a minimum subscription of N5,000 and a maximum of N50 million. Additional subscriptions can be made in multiples of N1,000. The principal amount will be repaid in full at maturity.
The DMO emphasized that these bonds are fully backed by the Federal Government and qualify as securities for trustees under the Trustee Investment Act. They are also exempt from taxes for pension funds and other eligible investors and are listed on the Nigerian Exchange Ltd., where they count as liquid assets for banks’ liquidity ratio calculations.
This latest offering provides an attractive avenue for Nigerians and institutional investors looking for secure, high-yield investments.
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