Monday, December 07, 2020 / 10:41 AM
/ by DMO / Header Image Credit: Emaze
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 December 16, 2022:
1.32% per annum
3-Year FGN Savings Bond due December 16,
2023: 1.82% per annum
December 7, 2020
Date: December 11,
Date: December 16,
16, June 16, September 16, December
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
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.
- 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
Interested investors should contact the
stockbroking firms appointed as distribution agents by the debt management
- Edo State
Government - River Jamieson SPV Ltd's up to N25bn Series 1 Bond Issuance
is Coming Soon
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to Improve Retail FX Liquidity in The Parallel Market Through a Series of
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Bill Auction Holds Wednesday November 25th, 2020
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