The Debt Management Officer, which issued the bonds on behalf of the FG reveals subscription for the savings bond re-opened, Monday the 9th of April 2018.
- 2-Year FGN Savings Bond due April 18, 2020: 10.75%
- 3-Year FGN Savings Bond due April 18, 2021: 11.75%
DETAILS OF THE FGN SAVINGS BOND
FEATURES | |
Tenor | 2 and 3 years |
Coupon | 10.75% for 2 years, 11.75% 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 | Listed on the Nigerian Stock Exchange (NSE) |
Redemption | Principal repayment on the maturity date |
Subsequent Offers | First week of every month |
Tax on Interest | Interests are tax-free |
Capital Repayment | Guaranteed |
Settlement Date | April 18th, 2018 |
Coupon Payment Rate | July 18, October 18, January 18, April 18. |
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