The Debt Management Office, DMO, has offered two Federal Government of Nigeria, FGN, savings bonds for subscription at N1,000 per unit.
According to a statement by the DMO on Monday in Abuja, the first offer is a two-year FGN savings bond due on Aug. 21, 2026, at interest rate of 17.373 per cent per annum.
The second offer is a three-year FGN savings bond due on Aug. 21, 2027, at interest rate of 18.373 per cent per annum.
The Opening date for the offer is Aug. 12, closing date is Aug. 16, settlement date is Aug. 21, while coupon settlement dates are Nov. 21, Feb. 21, May 21, and Aug. 21.
“They are offered at N1,000 per unit subject to a minimum subscription of N5,000 and in multiples of N1,000 thereafter, subject to a maximum subscription of N50million.
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