DMO offers October savings bonds for subscription


The Debt Management Office has opened the October savings bonds offer to investors.

The DMO said this in a circular on Monday, adding that it was offering the Federal Government’s two-year and three-year savings bonds.

A circular titled ‘FGN savings bond offer for subscription October, 2021’ was posted on the website of the organisation on Monday.

According to the circular, the two-year FGN savings bond will be due for redemption on October13, 2023, at 6.899 per cent per annum, while the three-year offer will be due on October 13,2024, at 7.899% per cent per annum.

The offer opened on Monday, with a closing date of October 8.

The settlement date is October 13, the bonds have coupon payment dates of January13, April 13, July 13, and October 13.


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