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
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

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