DMO issues 2 and 3 year Savings Bonds at 10.277% and 11.277% respectively

Proshare

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:

  • 2-Year FGN Savings Bond due February 14, 2020: 10.277% 
  • 3-Year FGN Savings Bond due February 14, 2021: 11.277%

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
 

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