How To Invest In FGN Savings Bond Offer For March 2022

How To Invest In FGN Savings Bond Offer For March 2022

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How To Invest In FGN Savings Bond Offer For March 2022 - The Debt Management Office Nigeria On behalf of the Federal Government of Nigeria, is offering for subscription, FGN Savings Bond at the following interest rates:

  • 2-Year Savings Bond due Mar 16, 2024: 9.470% p.a
  • 3-Year Savings Bond due Mar 16, 2025: 10.470% p.a

Subscription opened yesterday and closes on Friday.

Minimum amount required to subscribe is N5,000.

SUMMARY OF THE OFFER

ISSUER

Federal Government of Nigeria

THE OFFER

Offer For Subscription of FGN Savings Bond due March 16, 2024 & March 16, 2025

TENOR

2 Years & 3 Years

INTEREST RATE  

9.47%  & 10.47%

INTEREST PAYMENT

Payable Quarterly

REDEMPTION

Bullet repayment at maturity date

UNIT OF SALE

₦1,000 per Unit

MINIMUM SUBSCRIPTION

₦5,000 in Multiples of ₦1,000

MAXIMUM SUBSCRIPTION 

₦50,000,000

OPENING DATE

March 7th, 2022

CLOSING DATE

March 11th, 2022

SETTLEMENT DATE

March 16th, 2022

COUPON PAYMENT DATE:

June 16, September 16, December 16, March 16

SECURITY

The Bond is backed by the full faith and credit of the Federal Government of Nigeria

LISTING

Nigerian Stock Exchange (NSE)

How to Invest:

Interest will be paid on quarterly basis. To subscribe, contact your bank, stockbroker or visit www.dmo.gov.ng for designated distribution agents.

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