The Federal Government has lowered the interest rates on its latest savings bond offer, with investors set to earn 13.071 per cent on the two-year instrument and 14.071 per cent on the three-year bond.
The Debt Management Office announced the rates in its October 2026 offer circular released on Monday.
The new three-year rate represents a decline from the 15.12 per cent offered on the same tenor in September.
The October offer opened on 5 October and will close on 9 October, with settlement scheduled for 14 October.
The latest rates come as the domestic fixed-income market continues to adjust to changing interest rate conditions.
The two-year FGN savings bond, maturing on 14 October, 2028, carries a coupon of 13.071 per cent per annum.
The three-year instrument, due on 14 October, 2029, offers 14.071 per cent annually.
Interest payments on both securities will be made quarterly on 14 January, 14
This post was originally published on this site.
