Monday, July 05, 2021 / 09:55 AM / by DMO / Header
Image Credit: AltFi
Pursuant to the Debt Management Office (Establishment)
Act 2003 and the Local Loans (Registered Stock and Securities) Act, CAP. L17,
LFN 2004 Debt Management Office on behalf of the Federal Government of
Nigeria Offers for Subscription and is authorized to receive applications for
the Federal Government of Nigeria Savings Bond at the following interest rates:
2-Year FGN Savings Bond due July 14, 2023:
8.35% per annum
3-Year FGN Savings Bond due July 14,
2024: 9.35% per annum
July 5, 2021
Date: July 9, 2021
Date: July 14, 2021
14, January 14, April 14, July 14
Summary of the Offer
Federal Government of Nigeria ("FGN")
Units of Sale
N1,000 per unit subject to a minimum Subscription of
N5,000 and in multiples of N1,000 thereafter, subject to a maximum subscription
Bullet repayment on the maturity date
- Qualifies as securities in which trustees can invest
under the Trustee Investment Act.
- Qualifies as Government securities within the meaning
of Company Income Tax Act ("CITA") and Personal Income Tax Act ("PITA") for Tax
Exemption for Pension Funds, amongst other investors.
- Listed on The Nigerian Stock Exchange.
- Qualifies as a liquid asset for liquidity ratio
calculation for banks.
Backed by the full faith and credit of the Federal Government
of Nigeria and charged upon the general assets of Nigeria.
Interested investors should contact the stockbroking
firms appointed as distribution agents by the debt management office.
- June 2021 FGN Savings Bonds Offer for Subscription
- May 2021
FGN Savings Bonds Offer for Subscription
- NGX Lists
Additional Units of FGN Bonds Issued in May and June 2021
- DMO Sells
N330bn Worth of FGN Bonds on the Back of a Strong FGN Bond Auction Demand
Merchant Bank Lists N25bn Bond on NGX
- Ahead of
Nigerian Treasury Bills (NTB) Auction Scheduled for 30 June 2021
Performance Persists as Average Yield on NT-Bills Closes Flat at 6.50% WoW
Income Q2 2021: Rising Supply of Paper, Wider Yields
Step Towards the DMO's Funding Target
- June 2021
FGN Bond Auction Review: Rates Party Coming to a Close?