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FGN Savings Bond Offer for January 2018 Opens Today

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Monday, January 8, 2018 /4:10 PM / Meristem Research 

The Federal Government of Nigeria Savings Bond offer for January opens today the 8th of January 2018 and will remain open for five days till the 12th of January 2018. Subsequently, the Debt Management Office has announced that the bonds will be offered at the following rates: 

•     2-Year FGN Savings Bond due January 17, 2020: 11.098%
 

•     3-Year FGN Savings Bond due January 17, 2021: 12.098%

Features of the FGN Savings Bond

 

Features

Tenor

2 and 3 years

Coupon

11.098% for 2years, 12.098% 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)

Redemption

Bullet repayment on the maturity date

Subsequent Offers

First week of every month

Tax on Interest

Interests are tax free

Capital Repayment

Guaranteed

Offer Period

8th - 12th January 2018

Tenor

2 and 3 years

 
For More Information on the Bond, kindly click the links below.

FACT SHEET ON FGN SAVINGS BOND

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