The Debt Management Office has confirmed that the Federal Government raised a total of N3.3 billion from the allotment of the August 2025 FGN Savings Bonds.

Data published on the DMO’s website on Tuesday showed that the offer, which ran from August 4 to 8, 2025, attracted N573.31 million from the 2-year bond maturing in August 2027 and N2.74 billion from the 3-year bond maturing in August 2028.

The August 2025 FGN Savings Bond allotment drew a total of 2,166 successful investors, comprising 892 subscribers to the 2-year instrument and 1,274 to the 3-year option.

The DMO disclosed that the 2-year bond was allotted at a coupon rate of 14.401%, while the 3-year bond carried a rate of 15.401%.

Both savings bond instruments come with quarterly coupon payments scheduled for February 13, May 13, August 13, and November 13, starting in November 2025.

The DMO noted that settlement for the August issuance was set for August 13, 2025.

At N3.3 billion, the August allotment fell short of the N4.27 billion recorded in July.

DMO figures show that in the July 2025 allotment, the 2-year bond maturing on July 16, 2027, was issued at a coupon rate of 15.762%, while the 3-year bond, due July 16, 2028, carried a coupon rate of 16.762%.

The 2-year bond garnered N853.82 million from 1,078 successful subscriptions, while the 3-year bond attracted N3.4 billion across 1,591 subscriptions.

As with other FGN Savings Bonds, the instruments were priced at N1,000 per unit, with a minimum subscription of N5,000 and thereafter in multiples of N1,000, up to a maximum of N50 million.

Launched in 2017, the FGN Savings Bond programme was established to broaden participation in the domestic bond market, enhance financial inclusion, and provide retail investors with access to safe, low-risk government securities.

The bond qualifies as an approved investment under the Trustee Investment Act and is recognised as a government security under both the Company Income Tax Act, and the Personal Income Tax Act, making it eligible for tax exemptions for pension funds and other qualified institutional investors.