IDOMA VOICE reports that the Debt Management Office (DMO) is offering for subscription, FGN Savings Bond on behalf of the Federal Government of Nigeria (FGN) at the following interest rates:
L. 2-Year FGN Savings Bond due February 16, 2024: 7.220% per annum
2. 3-Year FGN Savings Bond due February 16, 2025: 8.220% per annum Opening Date:
February 7, 2022 and Closing Date is: February 11, 2022
Minimum of N50,001,000.00 and multiple of N1,000.00, thereafter. Investors can also access the FGN bonds after the Auctions in the secondary market through any of the broker-dealers on the FMDQ OTC Trading Platform or through Stanbic IBTC StockBrokers on The Nigerian Stock Exchange (NSE).
According to information in its official website, DMO announced that the bonds were two-year FGN Savings Bond due in July 14, 2023 with interest rate of 8. 35 per cent per annum. There is also a three-year FGN Savings Bond due in July 14, 2024, at 9.35 per cent interest rate per annum.
The Federal Government of Nigeria Savings Bond (FGNSB) is a government bond backed by the full faith and credit of the Federal Government of Nigeria (FGN), and listed on the Nigerian Stock Exchange. As a licensed stockbroker, FBNQuest Securities is authorised to issue units of this offer to investors.
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