Federal Government has raised N3.3 billion from the allotment of its August 2025 Savings Bonds, according to data released by the Debt Management Office (DMO).
Gatekeepers News reports that the subscription, which was offered between August 4 and 8, 2025, attracted a total of 2,166 successful investors. Of this number, 892 subscribed to the 2-year bond, while 1,274 took up the 3-year instrument.
From the issuance, the government secured N573.31 million through the 2-year bond due in August 2027 and N2.74 billion from the 3-year bond maturing in August 2028.
The 2-year bond was priced at a coupon rate of 14.401%, while the 3-year bond carried a coupon rate of 15.401%. Both instruments feature quarterly interest payments scheduled for February 13, May 13, August 13, and November 13, beginning in November 2025. Settlement for the allotment was fixed for August 13, 2025.
However, the August figure represents a decline compared to the N4.27 billion recorded in July 2025. In that issuance, the government allotted N853.82 million to the 2-year bond at a coupon rate of 15.762% and N3.4 billion to the 3-year bond at 16.762%. The July offer attracted a total of 2,669 successful subscriptions.
