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FG Savings Bond Offer for December 2017 Opens


Monday, Nov 20, 2017 4:33PM/ Meristem Research


The Federal Government of Nigeria Savings Bond offer for December opens today the 4th of December 2017 and will remain open for five days till the 8th of December 2017. Subsequently, the Debt Management Office has announced that the bonds will be offered at the following rates: 
·         2-Year FGN Savings Bond due December 13, 2019: 11.738%

3-Year FGN Savings Bond due December 13, 2020: 12.738%

Features of the FGN Savings Bond



Offer Period

4th– 8th December, 2017


2 and 3 years


11.738% for 2years, 12.738% 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)


Principal repayment on the maturity date

Subsequent Offers

First week of every month

Tax on Interest

Interests are tax free

Capital Repayment


Settlement Date

December 8th 2017

 To invest in the FGN Savings Bond:

·         Download and complete the subscription form.

Make payment into the accounts of your broker

Scan and send a copy of the completed form, along with a mandate to subscribe for the FGN Savings Bond to your broker.

If you do not have a CSCS account, kindly open one.

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