The Debt Management Office (DMO) on behalf of the Federal Government of Nigeria this Monday offered for subscription 2-year FGN Savings Bond due September 13, 2025 at an interest rate of 11.031% per annum and 3-year FGN Savings Bond due September 13, 2026 at an interest rate of 12.031% per annum.
The Savings Bond come at a unit price of N1,000 and is subject to a minimum of N5,000 and maximum of N50,000,000 with interest payable quarterly.
Opening date for both offerings is September 4, 2023 and closing date is September 4, 2023.
settlement date is September 13, 2023 while coupon payment is scheduled for December 13, March 13, June 13 and September 13.
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