Fed Govt Offers May Savings Bonds For Subscription

The Federal Government has, through the Debt Management Office, opened the May savings bond offer to investors.

The DMO announced on Monday on its website the two-year and three-year savings bonds offer for subscription.

According to the debt office, the two-year FGN bonds are due on May 12, 2023 at 7.753 per cent per annum; and the three-year FGN savings bond due on May 12, 2024 at 8.753 per cent per annum.

They opened on May 3, with a closing date of May 7.

While the settlement date is May 12, the bonds have coupon dates of August 12, November 12, February 12 and May 12.