Monday, May 07, 2018 /10:53 AM / DMO
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 May 16, 2020: 9.48% per annum
3-Year FGN Savings Bond due May 16, 2021: 10.48% per annum
Opening Date: May 7, 2018
Closing Date: May 11, 2018
Settlement Date: May 16, 2018
Coupon Payment Dates: August 16, November 16, February 16, May 16
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 of N50,000,000.
Bullet repayment on the maturity date
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.