The Federal Government has announced allotment results for the February 2026 Savings Bond offer, with total subscriptions exceeding N5.9 billion across the two- and three-year tenors.
According to the details released by the Debt Management Office (DMO), the February 2026 offer comprised two instruments: a two-year and a three-year Federal Government of Nigeria (FGN) Savings Bond, both carrying double-digit coupon rates. The subscription window opened on February 2 and closed on February 6, 2026, while settlement was completed on February 11, 2026.
The allotment data shows that a total of N5.913 billion was raised from retail investors under the February 2026 window, with the three-year tenor recording stronger value-based demand compared to the two-year instrument.
The 14.356 per cent FGN Savings Bond due February 2028 recorded a total allotment of N1.514 billion from 2,631 successful subscriptions, while the 15.356 per cent FGN Savings Bond due February 2029 attracted N4.398 billion from 2,195 subscriptions.
Combined, the two bonds raised approximately N5.913 billion for the Federal Government.
Coupon payments on both bonds are scheduled quarterly on May 11, August 11, November 11, and February 11 throughout the life of the instruments, offering investors a steady income stream.
