Monday, March 01, 2021 / 12:32 PM / by DMO /
Header Image Credit: Getty Images
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 March 10, 2023:
5.181% per annum
3-Year FGN Savings Bond due March 10,
2024: 6.181% per annum
March 1, 2021
Date: March 5, 2021
Settlement Date: March 10, 2021
10, September 10, December 10, March
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
as securities in which trustees can invest under the Trustee Investment Act.
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.
on The Nigerian Stock Exchange.
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.
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