The Federal Government has opened subscription for its December Savings Bonds, offering investors high-yield, secure investment options, the Debt Management Office (DMO) announced Wednesday.
Two bond tranches are available: a two-year bond maturing on December 10, 2027, with an annual interest of 12.838%, and a three-year bond due December 2028, paying 13.839% per annum.
Subscriptions opened on December 1, with settlement on December 10. Interest payments will be made quarterly—March 10, June 10, and December 10—while the principal is returned on maturity.
The bonds are priced at N1,000 per unit, with a minimum subscription of N5,000 and a maximum of N50 million, making them accessible to retail and institutional investors.
The DMO emphasised that the bonds are fully backed by the Federal Government, qualify for tax exemptions for pension funds, and are listed on the Nigerian Exchange, ensuring liquidity and safety.
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