DMO issues 2 and 3 year FGN Savings Bonds at 10.746% and 11.746% respectively

The Federal Government of Nigeria Savings Bond offer for March’2018 opens today (Monday) the 5th of March’2018 and will remain open for five days till the 9th of  March, 2018.

Subsequently, the Debt Management Office (DMO) has announced that the bonds will be offered at the following rates:

2-Year FGN Savings Bond due March 14, 2020: 10.746 per cent, while the 3-Year FGN Savings Bond due March 14, 2021: 11.746 per cent.

Features of the FGN Savings Bond:

Tenor 2 and 3 years

Coupon 10.746 per cent for 2 Years, 11.746 per cent for 3 Years

Coupon Payments Quarterly (4 times a year)

Subscription Amount Minimum: N5,000

Maximum: N50,000,000

Additional Subscription In multiples of N1,000

Secondary Market Tradable on the Nigerian Stock Exchange (NSE)