Link To Invest In FG Saving Bond – The Debt Management Office (DMO) of Nigeria has introduced a new retail investment program called the “Federal Government of Nigeria (FGN) Savings Bond.” This program aims to promote a savings culture among Nigerians and offers an opportunity for all citizens, regardless of income level, to contribute to the country’s development.
Additionally, the FGN Savings Bond provides attractive returns in the capital market. It is a secure investment backed by the full faith and credit of the Federal Government of Nigeria, with bondholders receiving quarterly coupon payments.
The Debt Management Office (DMO) is currently offering the FGN Savings Bond on behalf of the Federal Government of Nigeria (FGN).
Benefits of FGN Savings Bonds:
1. The coupon/interest income from the Savings Bond is tax-free.
2. Bondholders receive coupon/interest payments on a quarterly basis, directly to their bank accounts.
3. It enables individuals to plan and save for personal projects.
4. FGN Savings Bonds are easily tradable on the trading platform of the Nigerian Exchange Limited (NGX), making them liquid.
5. The FGN Savings Bond can be used as collateral for loans.
6. It provides guaranteed returns and promotes financial inclusion.
Features:
1. The minimum subscription amount is N5,000, with additional investments in multiples of N1,000, up to a maximum of N50 million.
2. Investors will receive a fixed coupon payment on a quarterly basis.
3. The bond tenors will range from 2 to 3 years.
4. The bonds will be issued monthly through an Offer for Subscription.
5. The monthly offer will be open for 5 days from the date of announcement.
This bond has attractive interest rates, with a 2-year bond offering an annual interest rate of 12.464% and a 3-year bond offering an annual interest rate of 13.364%.
The subscription for these bonds will be open from November 6, 2023, to November 10, 2023. To participate, you only need a minimum subscription amount of N5,000, while the maximum amount allowed for subscription is N50 million.
- Units of Sale: The price per unit is N1,000, with a minimum subscription of N5,000 and subsequent multiples of N1,000.
- Maximum: The maximum subscription allowed is N50,000,000.
- Interest Payment: Interest is paid quarterly.
- Redemption: The bond is repaid in full on the maturity date.
Invest in the November 2023 FGN Savings Bond offer with a minimum investment of only N5,000 and enjoy attractive returns. Remember, the more you invest, the higher your potential earnings.
Don’t miss out! The offer is open from today until Friday, November 10, 2023.
How To Subscribe To FG Savings Bond
Please visit https://dmo.gov.ng for more information and to subscribe.
