The Debt Management Office (DMO) has announced the opening of the Federal Government (FGN) savings bonds for June 2025.
In a post on X (formerly Twitter) on Monday, the DMO said the bond’s interest rates dipped to 17.121% per annum from the 17.173% offered last month.
According to the agency, the subscription window opened on Monday and will close on Friday.
The post read: “We welcome you to this month of June with the: 2-Year FGN Savings Bond due June 11, 2027 at 16.121% p.a. and; 3-Year FGN Savings Bond due June 11, 2028 at 17.121% p.a. Offer opens tomorrow and closes June 6, 2025 Kindly contact your stockbroker to invest.”
“This month’s bond offering includes two options: a two-year savings bond maturing on June 11, 2027, with an interest rate of 16.121%, and a three-year bond maturing on June 11, 2028, offering 17.121%.
“The settlement date for successful subscriptions is set for September 11, December 11, March 11, and June 11 each year.”
“Each bond unit is priced at N1,000, with a minimum subscription of N5,000 and additional investments in multiples of N1,000, allowing investors to subscribe for up to N50 million.”
“This offering gives Nigerians the opportunity to invest in government-backed bonds, contributing to personal and national financial stability.”
