{"id":15899,"date":"2026-11-12T13:30:51","date_gmt":"2026-11-12T13:30:51","guid":{"rendered":"https:\/\/globalnigerianews.com\/index.php\/2026\/11\/12\/dmo-raises-n5-06-billion-from-november-savings-bonds-down-17-4\/"},"modified":"2026-11-12T13:30:51","modified_gmt":"2026-11-12T13:30:51","slug":"dmo-raises-n5-06-billion-from-november-savings-bonds-down-17-4","status":"publish","type":"post","link":"https:\/\/globalnigerianews.com\/index.php\/2026\/11\/12\/dmo-raises-n5-06-billion-from-november-savings-bonds-down-17-4\/","title":{"rendered":"DMO raises N5.06 billion from November savings bonds, down 17.4%"},"content":{"rendered":"<p>The Debt Management Office (DMO) raised N5.06 billion through its November 2026 Federal Government of Nigeria (FGN) Savings Bond offer, representing a 17.4% decline from the N6.12 billion allotted in October.<\/p>\n<p>This is according to the latest circular published by the DMO on its website on Thursday.<\/p>\n<p>The November allotment comprised N746.01 million from the two-year bond and N4.31 billion from the three-year instrument, according to the DMO\u2019s allotment results.<\/p>\n<p>The offer, which ran from November 2 to 6, settled on November 11, with annual interest rates of 13.25% and 14.25% for the two-year and three-year bonds, respectively.<\/p>\n<h4><strong>November savings bond allotments decline<\/strong><\/h4>\n<p>The decline in allotment was accompanied by a reduction in the number of subscriptions received.<\/p>\n<ul>\n<li>The two-year November 2028 bond attracted 968 subscriptions and received an allotment of N746.01 million.<\/li>\n<li>The three-year November 2029 bond recorded 2,390 subscriptions, with N4.31 billion allotted.<\/li>\n<li>In October, the two-year bond attracted 1,261 subscriptions and received N1.02 billion in allotments.<\/li>\n<li>The three-year October 2029 bond recorded 2,678 subscriptions, with N5.11 billion allotted.<\/li>\n<\/ul>\n<p>The combined November allotment was approximately N1.06 billion lower than October\u2019s N6.12 billion, indicating a decline in the amount allocated to investors through the retail government securities offer.<\/p>\n<h4><strong>November bond rates rise from October<\/strong><\/h4>\n<p>Despite the lower allotment, the DMO increased the interest rates offered on both savings bond tenors in November.<\/p>\n<p>Nairametrics earlier reported that the <a href=\"https:\/\/nairametrics.com\/2026\/11\/02\/dmo-raises-fgn-savings-bond-rates-to-13-25-14-25-for-november\/\">DMO opened its November 2026 FGN Savings Bond offer,<\/a> setting the two-year rate at 13.25% and the three-year rate at 14.25% per annum.<\/p>\n<ul>\n<li>The three-year rate was higher than the 14.071% offered in October, while the two-year rate also rose from 13.071% to 13.25%, according to the<a href=\"https:\/\/nairametrics.com\/2026\/10\/05\/fgn-savings-bond-rates-fall-to-13-07-14-07-as-october-offer-opens\/\"> October offer details.<\/a><\/li>\n<li>Both November bonds mature on November 11 of their respective maturity years: 2028 for the two-year instrument and 2029 for the three-year bond. Interest payments are scheduled quarterly on February 11, May 11, August 11 and November 11.<\/li>\n<\/ul>\n<h4><strong>FGN savings bond allotments in 2026<\/strong><\/h4>\n<p>The November result follows a period of higher allotments in the retail government securities market during the first nine months of 2026.<\/p>\n<ul>\n<li>The DMO allotted N47.25 billion in FGN Savings Bonds between January and September 2026.<\/li>\n<li>This was N11.02 billion above the N36.23 billion allotted during the corresponding period of 2025, representing an increase of about 30.4%.<\/li>\n<li>Nairametrics previously reported the <a href=\"https:\/\/nairametrics.com\/2026\/10\/02\/fgn-savings-bond-allotments-jump-n11-billion-to-n47-25-billion-in-9-months\/\">rise in its review of FGN Savings Bond allotments<\/a> for the first nine months of 2026.<\/li>\n<\/ul>\n<p>The savings bond programme forms part of the government\u2019s domestic borrowing instruments, while the DMO also manages larger FGN bond issuances. <a href=\"https:\/\/nairametrics.com\/2026\/06\/30\/dmo-unveils-n4-trillion-fgn-bond-auction-plan-for-q3-2026\/\">In June 2026, the agency unveiled an approximately N4 trillion FGN bond auction plan<\/a> for the third quarter of the year.<\/p>\n<p>Source: <\/p>\n<div class=\"nSourse\">Nairametrics<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Debt Management Office (DMO) raised N5.06 billion through its November 2026 Federal Government of Nigeria (FGN) Savings Bond offer, representing a 17.4% decline from the N6.12 billion allotted in&hellip; <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-15899","post","type-post","status-publish","format-standard","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/15899","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/comments?post=15899"}],"version-history":[{"count":0,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/15899\/revisions"}],"wp:attachment":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/media?parent=15899"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/categories?post=15899"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/tags?post=15899"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}