The Debt Administration Workplace (DMO) has launched the allotment outcomes for the November 2025 Financial savings Bond provide, confirming strong investor curiosity in each the 2-year and 3-year bond maturities.
That is contained in a round revealed on DMO’s web site on Wednesday.
DMO said that the 13.565% Federal Authorities Financial savings Bond (FGNSB) maturing in November 2027 and the 14.565% FGNSB maturing in November 2028 have been supplied to buyers from November third to seventh, 2025, with settlement going down on November twelfth, 2025.
The 13.565% Federal Authorities Financial savings Bond maturing in November 2027, with a two-year tenor, noticed a complete allotment of N958.416 million distributed amongst 1,866 profitable subscriptions.
In the meantime, the 14.565% Financial savings Bond due in November 2028, which has a three-year tenor, recorded an allotment of N2.874 billion throughout 2,003 profitable subscriptions. Mixed, the full quantity allotted on this bond issuance reached roughly N3.83 billion, reflecting a robust demand from buyers for presidency securities within the present financial setting.
Each bonds pays coupons quarterly on the twelfth of February, Could, August, and November, offering buyers with common earnings streams. The two-year bond matures on November 12, 2027, whereas the 3-year bond matures on November 12, 2028.
Decrease allotment in comparison with October
The November allotment is decrease than the N3.96 billion from the October 2025 issuance of the FGNSB.
In response to the DMO, the two-year bond was allotted at an rate of interest of 14.062% every year, with a complete subscription worth of N779.047 million and 1,052 profitable buyers in October.
In the meantime, the three-year bond attracted extra curiosity, elevating N3,185.695 million with 1,435 profitable subscriptions at a coupon charge of 15.062% every year.
What you must know
Financial savings Bonds are uniquely tailor-made to supply Nigerian retail buyers an accessible and safe means to put money into authorities debt with aggressive mounted rates of interest. The 13.565% and 14.565% coupon charges for these bonds are particularly enticing within the present low-interest setting, enabling buyers to safeguard their capital whereas incomes regular earnings.
The Federal Authorities of Nigeria (FGN) Financial savings Bond programme, launched in 2017, was designed to deepen the home bond market, promote monetary inclusion, and provide retail buyers entry to safe and low-risk authorities securities.
The FGN Financial savings Bond qualifies as an accepted funding below the Trustee Funding Act and can be recognised as a authorities safety below each the Firm Earnings Tax Act (CITA) and the Private Earnings Tax Act (PITA). This makes it eligible for tax exemption by pension funds and different certified institutional buyers.
Moreover, the bonds are listed on the Nigerian Trade Restricted (NGX), offering buyers with the choice to commerce them on the secondary market and enhancing general liquidity. Additionally they qualify as liquid belongings for the aim of computing banks’ liquidity ratios.