| Bonds & Fixed Income |     3606 VIEWS  |
| Bonds & Fixed Income | |
| 3606 VIEWS | |
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Monday,
February 05, 2018 /;15 PM / Meristem
Research
The
Federal Government of Nigeria Savings Bond offer for February opens today the
5th of February 2018 and will remain open for five days till the 9th of
February 2018. Subsequently, the Debt Management Office has announced that the
bonds will be offered at the following rates:
Features
of the FGN Savings Bond
Features
Tenor 2 and 3 years
Coupon 10.277% for 2years, 11.277% for 3 Years
Coupon
Payments Quarterly (4 times a year)
Subscription
Amount Minimum: N5,000
Maximum:
N50,000,000
Additional
Subscription In multiples of N1,000
Secondary
Market
Tradable on the Nigerian Stock Exchange (NSE)
Subsequent
Offers
First week of every month
Tax
on Interest
Interests is tax free
Capital
Repayment
Guaranteed
Offer
Period
5th - 9th February 2018
For
More Information on the Bond, kindly click the links below.
Fact
Sheet on FGN Savings Bond
Frequently
Asked Questions 
Related News
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3. CBN sells N253bn
T-bills at c.10bps lower than previous Auction Rate
4. FGN Domestic
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5. Naira
Depreciates slightly despite $210m FX intervention by the CBN
6. Decent Start to
the Year for the DMO
7. Proposed
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8. First FGN Bond
Auction for the Year Oversubscribed
9. Slight Rally on
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10. Summary of FGN
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11. Bond Auction
clears 14bps higher, with total sale of N110bn by the DMO
12. Weak Trading
Sentiments on Bonds ahead of Auction
13. Offshore Clients take profit on the 20-yr, following MPC suspension by the CBN
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