The Debt Management Office (DMO) on Wednesday released the allotment results for the November 2025 Savings Bond offer, which reflected strong investor interest in both the 2-year and 3-year bond maturities.
In a circular published on its website on the allotment results, the office disclosed that the 13.565% Federal Government Savings Bond (FGNSB) maturing in November 2027 and the 14.565% FGNSB maturing in November 2028 were offered to investors from November 3rd to 7th, 2025, with settlement taking place on November 12th, 2025.
The 13.565% Federal Government Savings Bond maturing in November 2027, with a two-year tenor, recorded a total allotment of N958.416 million distributed among 1,866 successful subscriptions.
The DMO further clarified that the 14.565% Savings Bond due in November 2028, which has a three-year tenor, recorded an allotment of N2.874 billion across 2,003 successful subscriptions.
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According to the circular, collectively the total amount allotted in this bond issuance was approximately N3.83 billion, reflecting a strong demand by investors for the debt instruments despite the policy-triggered whirlwinds in the macroeconomic environment.
Based on the offer terms, the two bonds will pay coupons quarterly on the 12th of February, May, August, and November, providing investors with regular income streams. The 2-year bond matures on November 12, 2027, while the 3-year bond matures on November 12, 2028.
The DMO’s circular showed that the November bonds’ allotments were lower than the N3.96 billion raked in by the government from the previous month’s bonds.
Available data from the DMO revealed that the two-year bond was allotted at an interest rate of 14.062% per annum, with a total subscription value of N779.047 million and 1,052 successful investors in October, while the three-year bond attracted more interest, raising N3,185.695 million with 1,435 successful subscriptions at a coupon rate of 15.062% per annum.
