DMO Opens September FGN Savings Bond Auction

The Debt Management Office (DMO) has opened subscription for the September 2026 Federal Government of Nigeria (FGN) Savings Bond, offering investors interest rates of 14.12 per cent and 15.12 per cent on two-year and three-year instruments respectively.

According to the offer circular released by the DMO on Monday, the two-year FGN Savings Bond, which is due on September 16, 2028, carries an interest rate of 14.12 per cent per annum, while the three-year bond, maturing on September 16, 2029, offers 15.12 per cent per annum.

The subscription which opened on Monday will close on September 11, while settlement is scheduled for September 16, 2026. The DMO said interest on the bonds would be paid quarterly, with coupon payment dates fixed for December 16, March 16, June 16 and September 16.

The savings bond is being offered at N1,000 per unit, with a minimum subscription of N5,000 and additional subscriptions in multiples of N1,000. The maximum subscription is N50 million. Last month, DMO had had raised N5.86 billion from the two and three year Savings Bond raised at 13.963 and 14.935 per cents respectively.