Nigeria Opens Subscription for Savings Bonds with High Coupon Rates

• Two-year and three-year bonds offer 17.373% and 18.373% returns per annum
• High yields aimed at attracting investors amid elevated interest rates

Lagos, Nigeria – The Nigerian government opened subscriptions on Monday for its latest Savings Bonds, offering two-year and three-year tenors with coupon rates of 17.373% and 18.373% per annum, respectively, according to the Debt Management Office (DMO). The subscription window closes on Friday, August 16, 2024.