Federal Government of Nigeria Savings Bond Offer Opens

Federal Government of Nigeria Savings Bond Offer Opens

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
Tenor2 and 3 years
Coupon7.220% for 2 years and 8.220% for 3 years
Coupon PaymentsQuarterly (4 times a year)
Subscription AmountMinimum – N5,000
Maximum – N50,000,000
Additional SubscriptionIn multiples of N1,000
Secondary MarketListed on the Nigerian Stock Exchange (NSE)
RedemptionPrincipal repayment on the maturity date
Subsequent OffersFirst week of every month
Tax on InterestInterests are tax-free
Capital RepaymentGuaranteed
Settlement DateFebruary 16TH, 2022
Coupon Payment RateMay 16, August 16, November 16, February 16

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

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