{"id":10663,"date":"2026-10-07T09:49:07","date_gmt":"2026-10-07T09:49:07","guid":{"rendered":"https:\/\/ograsset.com\/?p=10663"},"modified":"2026-10-07T09:49:08","modified_gmt":"2026-10-07T09:49:08","slug":"fgn-savings-bond-yields-slide-as-october-offer-opens","status":"publish","type":"post","link":"https:\/\/ograsset.com\/index.php\/2026\/10\/07\/fgn-savings-bond-yields-slide-as-october-offer-opens\/","title":{"rendered":"FGN savings bond yields slide as October offer opens"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

The Federal Government has lowered the interest rates on its latest savings bond offer, with investors set to earn 13.071 per cent on the two-year instrument and 14.071 per cent on the three- year bond.<\/p>\n\n\n\n

The Debt Management Office announced the rates in its October 2026 offer circular released on<\/p>\n\n\n\n

Monday.<\/p>\n\n\n\n

The new three-year rate represents a decline from the 15.12 per cent offered on the same tenor in<\/p>\n\n\n\n

September.<\/p>\n\n\n\n

The October offer opened on 5 October and will close on 9 October, with settlement scheduled for<\/p>\n\n\n\n

14 October.<\/p>\n\n\n\n

The latest rates come as the domestic fixed-income market continues to adjust to changing interest rate conditions.<\/p>\n\n\n\n

The two-year FGN savings bond, maturing on 14 October, 2028, carries a coupon of 13.071 per cent per annum.<\/p>\n\n\n\n

The three-year instrument, due on 14 October, 2029, offers 14.071 per cent annually. Interest payments on both securities will be made quarterly on 14 January, 14 April, 14 July and 14<\/p>\n\n\n\n

October.<\/p>\n\n\n\n

The bonds are backed by the full faith and credit of the Federal Government.<\/p>\n\n\n\n

Investors have an opportunity to lock in fixed quarterly income through government securities with different maturity periods.<\/p>\n\n\n\n

The three-year bond offers a one-percentage-point premium over the two-year instrument.<\/p>\n\n\n\n

The FGN savings bond remains targeted at retail investors seeking access to government securities with relatively low entry requirements.<\/p>\n\n\n\n

Each unit is priced at N1,000, while the minimum subscription is N5,000.<\/p>\n\n\n\n

Investors can increase their holdings in multiples of N1,000, subject to a maximum subscription of N50m.<\/p>\n\n\n\n

The bonds will be redeemed through a bullet repayment at maturity.<\/p>\n\n\n\n

They also qualify as government securities under relevant tax laws and eligible investments for trustees under the Trustee Investment Act.<\/p>\n\n\n\n

The securities can additionally be recognised as liquid assets for banks when calculating liquidity ratios.<\/p>\n\n\n\n

The latest offer comes amid stronger demand for FGN savings bonds during 2026.<\/p>\n\n\n\n

Between January and September, allotments reached N47.25bn, according to the available figures. That  represents  an  increase  of  N11.02bn  compared  with  the  N36.23bn  allotted  during  the<\/p>\n\n\n\n

corresponding period of 2025.<\/p>\n\n\n\n

The increase suggests stronger participation in the retail government securities market despite fluctuations in yields during the year.<\/p>\n\n\n\n

Source: https:\/\/punchng.com\/fgn-savings-bond-yields-slide-as-october-offer-opens\/<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The Federal Government has lowered the interest rates on its latest savings bond offer, with investors set to earn 13.071 per cent on the two-year instrument and 14.071 per cent on the three- year bond. The Debt Management Office announced the rates in its October 2026 offer circular released on Monday. The new three-year rate… <\/p>\n

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