Debt Office Raises N5.9bn from February Savings Bond Offer

The Debt Management Office said it has raised N5.913 billion on behalf of federal government from retail investors through its February 2026 Savings Bond offer. Allotment results showed stronger demand for the three year tenor, as investors tilted towards instruments offering higher yields.
The February window, which opened on February 2 and closed on February 6, comprised a two year and a three year Federal Government of Nigeria Savings Bond, both issued at double digit coupon rates. Settlement was concluded on February 11.
Breakdown of the data indicates that the 14.356 per cent FGN Savings Bond due February 2028 recorded total allotments of N1.514 billion from 2,631 successful subscriptions. In contrast, the 15.356 per cent FGN Savings Bond due February 2029 attracted N4.398 billion from 2,195 subscriptions.
Combined, the two instruments generated N5.913 billion for the federal government. Coupon payments on both bonds will be made quarterly on May 11, August 11, November 11 and February 11 throughout the life of the instruments, providing investors with predictable income flows.