The Federal Government has listed its April 2025 Federal Government of Nigeria (FGN) Savings Bonds worth N4.3 billion on the Nigerian Exchange Limited (NGX). The listing was officially disclosed in a market bulletin released by NGX Regulation Limited.
According to the bulletin, the listing included two tranches of bonds: a two-year bond maturing in April 2027 with a coupon rate of 16.046%, and a three-year bond maturing in April 2028 with a 17.046% coupon.
The 2027 bond raised N1.13 billion from investors through 1,135,475 units, while the 2028 bond attracted a larger subscription of N3.2 billion with 3,203,072 units issued.
Coupon payments for both bonds will be made quarterly, specifically on the 16th of July, October, January, and April. The maturity dates for the bonds are set for April 16, 2027, and April 16, 2028, respectively, offering investors regular income and a fixed timeline for principal repaymen
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These savings bonds are part of the federal government's broader initiative to promote domestic savings culture and expand participation in the retail bond market. The bonds were issued under the codes FGS202787 and FGS202888, making them accessible for trading on the NGX.
Earlier this year, The PUNCH reported that the federal government had also listed a separate N368.3 billion bond along with N234 billion in supplementary bond issues. This move underscores Nigeria's ongoing effort to deepen the capital market and diversify its funding sources through domestic borrowing.
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