Offer for subscription: Federal Government Savings Bond  

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Foskaay
(@foskaay)
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DEBT MANAGEMENT OFFICE
on behalf of the
FEDERAL GOVERNMENT OF NIGERIA

Offers for Subscription and is authorized to receive applications for the
Federal Government of Nigeria Savings Bond

at the following interest rates
2-Year FGN Savings Bond due October 18, 2019: 12.059% per annum
3-Year FGN Savings Bond due October 18, 2020: 13.059% per annum

Opening Date: October 9, 2017
Closing Date: October 13, 2017
Settlement Date: October 18, 2017
Coupon Payment Date: January 18, April 18, July 18, October 18

SUMMARY OF THE OFFER
ISSUER: Federal Government of Nigeria (“FGN”)

UNITS OF SALE: 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 N50,000,000.

INTEREST PAYMENT: Payable Quarterly

REDEMPTION: Bullet repayment on the maturity date

...... http://www.ibankng.com/2017/10/offer-for-subscription-federal.html
#iBankNg

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Posted : 09/10/2017 4:06 pm Foskaay liked

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