13/03/2017
2-Years FGN Savings Bond due March 22, 2019: 13.01%
Coupon: 13.01%
Opening Date: March 13, 2017
Closing Date: March 17, 2017
Settlement Date: March 22, 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...............................................................................................
The Debt Management Office on behalf of the Federal
Government of Nigeria has announced a 2-Year FGN Savings Bond due March 22, 2019 at a Coupon rate of 13.01% per annum. The Auction opens TODAY Monday March 13, 2017 and Closes by 5pm on Friday March 17, 2017.
Remember that with as little as N5,000.00 and as much as N50m, you too can become a holder of a Federal Government Bond.
BENEFITS
• Guaranteed principal and quarterly return on investment (FGN backed)
• Interest rate on this Bond is more competitive than what you get on your traditional Bank savings
• Tax-free income: Interest received on FGN Bonds is not subject to withholding tax, company income tax, etc.
• Free from default risk: repayment is guaranteed on the maturity date (March 22, 2019)
• Acceptable as Collateral for loans
• Easily tradable as it has a unique quality of being quoted on the Nigerian Stock Exchange. For details: [email protected]