FG Raises ₦4.01bn From June Savings Bonds Amid Lower Yield
The Federal Government has raised a total of ₦4.01bn from its June 2025 issuance of the Federal Government of Nigeria (FGN) Savings Bonds, according to data published by the Debt Management Office (DMO).
The offer, conducted between June 2 and June 6, 2025, saw strong interest from retail investors despite a slight dip in coupon rates compared to the previous month.
Details of the issuance show that the DMO successfully allotted ₦2.01bn in 2-year bonds at a coupon rate of 16.121 per cent, maturing on June 11, 2027.
An additional ₦1.995bn was raised through the allotment of 3-year bonds at a coupon rate of 17.121 per cent, with a maturity date of June 11, 2028.
A total of 1,202 successful subscriptions were recorded for the 2-year bond, while 1,321 subscriptions were successful for the 3-year tenor.
The total subscription of ₦4.01bn represents a slight decline from the ₦4.28bn recorded during the May 2025 auction. The reduced yield in the June issuance also marked a modest shift in investor returns, with May’s 2-year and 3-year bonds offering higher coupon rates of 16.173 per cent and 17.173 per cent, respectively.
Settlement for the June bonds was completed on June 11, 2025, which also marked the official start of the investment period for subscribers. Coupon payments for both tenors will be made quarterly—on September 11, December 11, March 11, and June 11—throughout the life of the bonds.
The FGN Savings Bond programme, launched in 2017 by the DMO, is designed to deepen the domestic debt market, foster financial inclusion, and provide retail investors access to safe, government-backed investment instruments.
Bonds are issued at ₦1,000 per unit, with a minimum subscription of ₦5,000 and in multiples of ₦1,000 thereafter, up to a maximum of ₦50m per investor.
Despite the marginal drop in coupon rates, the consistent uptake underscores continued investor confidence in the programme, particularly among retail participants seeking stable and low-risk returns in a volatile macroeconomic environment.
FG Raises ₦4.01bn From June Savings Bonds Amid Lower Yield is first published on The Whistler Newspaper
