Federal Government of Nigeria Savings Bond Offer Opens

✔ Fact Checked by TDPel News Desk

By Lola Smith

Published: February 7, 2022 | 5:14 PM

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 16^TH, 2022
Coupon Payment Rate	May 16, August 16, November 16, February 16

How To invest in the FGN Savings Bond:
Contact your stock broker

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About Lola Smith

Lola Smith is a highly experienced writer and journalist with over 25 years of experience in the field. Her special interest lies in journalistic writeups, where she can utilize her skills and knowledge to bring important stories to the public eye. Lola’s dedication to her craft is unparalleled, and she writes with passion and precision, ensuring that her articles are informative, engaging, and thought-provoking. She lives in New York, USA.