The Federal Government of Nigeria (FGN) Savings Bonds for July 2025 have been successfully allotted by the Debt Management Office (DMO), with a total allotment amounting to N4.27 billion.
The allotment for July 2025 exceeds the N4.01 billion recorded in the auction of June 2025.
The DMO, which made this known on its official website yesterday, stated that the bonds were offered from July 7 to July 11, 2025
The 2-year bond, set to mature on July 16, 2027, was allocated with a coupon rate of 15.762%. Meanwhile, the 3-year bond maturing on July 16, 2028, was issued at a coupon rate of 16.762%The interest offered decreased from the 17.121 provided in June.
The two-year bond had a total allocation of N853.822 million from 1,078 successful subscriptions, while the three-year bond garnered N3.4 billion across 1,591 successful subscriptions.
About The Author
