The Federal Government through the Debt Management Office (DMO) has opened the subscription window for the FGN Savings Bonds for January 2025.

The subscription window for the two options of the Savings Bonds is open from January 13 to January 17, 2025.

The first of the two FGN Savings Bonds is a two-year bond maturing January 22, 2027 that pays 17.23 per cent interest each, while the second is a three-year bond maturing January 22, 2028 and pays 18.23 per cent interest each year.

The cost of each bond unit is N1,000. The minimum subscription requirement is N5,000, while investors can increase their investment in multiples of N1,000 but not exceeding N50 million.

The settlement date for successful subscriptions is January 22, 2025 and investors will be paid interest every three months. The first quarterly coupon payment is scheduled for April 22, 2025, followed by payments on July 22, October 22, and January 22 annually.

Some special features of the bonds include that they are tax-free under both company and personal tax laws. Similarly, they are open to both individual and institutional investors (like pension funds and trustees).

The DMO had earlier in September said the government was offering three bonds worth N150 billion.

Analysts say these savings bonds are very safe investments because they are backed by the Federal Government, which promises to pay back the money.