DMO Nets ₦4.27bn in July FGN Savings Bonds Sale

The Debt Management Office (DMO) has confirmed that it raised a total of N4.27 billion through the Federal Government of Nigeria (FGN) Savings Bonds for July 2025.

The subscription window for the bonds ran from July 7 to July 11, with the latest auction results published on the DMO’s official platform.

A 2-year note, scheduled to mature on July 16, 2027, was offered at an interest rate of 15.762%. The 3-year note, which matures on July 16, 2028, came with a higher coupon of 16.762%.

The 2-year instrument attracted N853.8 million from 1,078 accepted subscriptions, while the longer 3-year bond saw stronger demand, raking in N3.4 billion across 1,591 successful bids. Interest on both bond series will be paid quarterly, on January 16, April 16, July 16, and October 16 of each year.

The bonds were officially settled on July 16, marking the start of the investment cycle for all buyers.

July’s auction surpassed June’s N4.01 billion performance, reflecting a marginal increase in investor appetite for government-backed savings instruments.

The bonds were priced at N1,000 per unit, with a minimum subscription of N5,000. Additional investments had to be in multiples of N1,000, with a cap set at N50 million per investor.