The Federal Government, through the Debt Management Office, DMO, has announced the final Savings Bond offer for 2024, presenting an opportunity for citizens to invest in secure and attractive fixed-income instruments.
The offer includes a two-year bond maturing on 11 December 2026, with an annual interest rate of 17.48%, and a three-year bond set to mature on 11 December 2027, offering a slightly higher rate of 18.48%.
Applications for the bonds opened on Monday, 2 December, and will close on Friday, 6 December 2024. Settlement is scheduled for 11 December, with interest payments to be disbursed quarterly on 11 March, 11 June, and 11 December.
Also Read: FG Lists N4.214bn April Savings Bonds On NGX
Priced at ₦1,000 per unit, the bonds require a minimum subscription of ₦5,000, increasing in multiples of ₦1,000. The maximum subscription allowed is ₦50 million.
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