How To Invest In FGN Savings Bond Offer For March 2022

How To Invest In FGN Savings Bond Offer For March 2022

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.