FGN Savings Bond Attracts ₦4.07 Billion Subscription

The Debt Management Office (DMO) has allocated N4.074 billion under the Federal Government of Nigeria (FGN) Savings Bond for its May 2026 issuance.

According to the auction results released by the DMO on Friday, investors showed stronger demand for the three-year tenor, which accounted for over 78% of total subscriptions during the offer period.

The subscription window ran from May 4 to May 8, 2026, while settlement took place on May 13, 2026.

FGN Savings Bond Attracts ₦4.07 Billion Subscription. Credit: Channels TV

The 13.525% FGN Savings Bond due May 13, 2028, attracted N884.857 million from 1,459 successful subscriptions.

The 14.525% FGN Savings Bond due May 13, 2029, recorded N3.189 billion from 2,085 subscriptions.

Combined allotments for both instruments reached N4.074 billion.

The DMO issued both bonds at N1,000 per unit, with a minimum subscription of N5,000 and a maximum limit of N50 million.

It also stated that it will pay coupons quarterly on August 13, November 13, February 13 and May 13 throughout the life of the bonds.

The May 2026 issuance offered yields of up to 14.525% per annum, making it one of the most attractive offers under the FGN Savings Bond programme this year.

The programme aims to broaden retail participation in Nigeria’s domestic debt market and enhance financial inclusion by providing accessible investment options for individuals and small institutions.

The bonds are backed by the full faith and credit of the Nigerian Government, making them a relatively secure investment option for steady returns.

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Toyibat Ajose

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