The Debt Management Office raised N5.86 billion through the Federal Government of Nigeria Savings Bond in August 2026, representing a decline from the N6.19 billion raised in July.

The DMO disclosed this in its latest FGNSB allotment circular released on Thursday, covering the subscription period from August 3 to 7, with settlement conducted on August 12.

The August issuance comprised two-year and three-year savings bonds, offering interest rates of 13.963 per cent and 14.963 per cent, respectively.

The two-year FGNSB, due on August 12, 2028, recorded an allotment of N1.318 billion from 1,295 subscriptions.

The three-year bond, due on August 12, 2029, attracted stronger demand, with N4.545 billion allotted from 2,882 subscriptions.

Combined, the two instruments attracted 4,177 subscriptions and raised N5.86 billion from retail investors.

The August proceeds were about N330 million lower than the N6.19 billion raised through the two FGNSB instruments in July, indicating weaker participation in the retail savings bond programme.

Interest on both instruments will be paid quarterly on November 12, February 12, May 12 and August 12.

The latest result highlights fluctuations in investor participation in the government’s retail savings bond programme as the DMO continues to use the instrument to mobilise funds from individual investors and other retail participants.