1 month ago
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The Debt Management Office, DMO has offered 2 Federal Government of Nigeria, FGN, savings bonds for subscription astatine N1,000 per unit.
DMO disclosed this successful a connection connected Monday.
It stated that the archetypal connection is simply a two-year FGN savings enslaved owed connected Aug. 21, 2026, astatine an involvement complaint of 17.373 percent per annum.
The 2nd connection is simply a three-year FGN savings enslaved owed connected Aug. 21, 2027, astatine an involvement complaint of 18.373 percent per annum.
The Opening day for the connection is Aug. 12, the closing day is Aug. 16, and the colony day is Aug. 21, portion coupon colony dates are Nov. 21, Feb. 21, May 21, and Aug. 21.
“They are offered astatine N1,000 per portion taxable to a minimum subscription of N5,000 and successful multiples of N1,000 thereafter, taxable to a maximum subscription of N50 million.
“Interest is payable quarterly portion slug repayment (principal sum) is connected the maturity date,” the DMO said.
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