THE FGN SAVINGS BOND-MAY 2017 OFFER

Debt Management Office (DMO) on behalf of Federal Government of Nigeria offers 2-Years and 3-Years FGN Savings Bond due on May 17, 2019 and 2020 at 13.189% and 14.189% respectively. The Offer closes on Friday 12th May, 2017.

Here are the summary of the offer:

  • Coupon: (2 Years) 13.189%
  • Coupon: (3 Years) 14.189%
  • Opening Date: May 8, 2017
  • Closing Date: May 12, 2017
  • Settlement Date: May 17, 2017

 ISSUER: 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.

INTEREST PAYMENT: Payable Quarterly

REDEMPTION: Bullet repayment on the maturity date

BENEFITS OF FGNSB:

  • It is a means of diversifying your portfolio
  • It offers capital preservation to bondholders
  • Interest income from investment are tax free
  • The investment can be used as collateral for loan
  • It offers better returns than interest on saving account
  • Steady source of income as coupon will be paid quarterly
  • Coupon can be reinvested to increase holdings and yield to maturity

Download  new-fgnsb-subscription-form(1)

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