Advertisement Advertisement AdvertisementThe Debt Management Office, DMO, on behalf of the Federal Government, has announced an offer of two FGN bonds for subscription at N1,000 per unit. According to the DMO, the first offer is two-year FGN Savings Bond due Aug. 12, 2028 at interest rate of 13.96 per cent per annum. The second offer is a three-year FGN Savings Bond due in Aug. 12, 2029 at interest rate of 14.96 per cent per annum. The News Agency of Nigeria (NAN) reports that the FGN Savings Bond is a retail debt instrument issued by the DMO on behalf of the Federal Government. Subscription to FGN savings bonds means one is lending money to the federal government, which agrees to pay interest (coupon) at regular intervals and to repay the principal when the bond matures.