The Federal Government of Nigeria Savings Bond Offer is here again!!!
Subscription for the Savings Bond, which guarantees quarterly coupon payments, re-opened today the 7th of February 2022 and will remain open for five days till the 11th of February 2022, at the following rates:
- 2-Year FGN Savings Bond due
February 16, 2024: 7.220% - 3-Year FGN Savings Bond due
February 16, 2025: 8.220%
All forms are to be submitted on or before 12noon on Friday to enable timely submission to the DMO.
FEATURES OF THE FGN SAVINGS BOND
| FEATURES | |
| Tenor | 2 and 3 years |
| Coupon | 7.220% for 2 years and 8.220% 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 | February 16TH, 2022 |
| Coupon Payment Rate | May 16, August 16, November 16, February 16 |
How To invest in the FGN Savings Bond:
Contact your stock broker