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The Debt Management Office (DMO) on Monday offered for subscription more Federal Government bonds at N1000 per unit.

According to information in its official website, DMO announced that the bonds were two-year FGN Savings Bond due in July 14, 2023 with interest rate of 8. 35 per cent per annum.

There is also a three-year FGN Savings Bond due in July 14, 2024, at 9.35 per cent interest rate per annum.

Opening date for subscription is July 5, closing date is July 9, while coupon payment dates are July 14, October 14, January 14, April 14, July 14.

The offer comes at N1,000 per unit subject to a minimum subscription of N5,000 and in multiples of N1000 thereafter, subject to a maximum subscription of N50 million.

The office assured that the bonds qualify as securities in which trustees can invest under the Trustee Investment Act.

With inflation at a 4 year high of 18.17%, can someone please advice how much I'd be paying the government to borrow my money, because I would rather not lend without knowing how much I would lose!