In line with the recent Bond issue by the Debt Management Office (DMO) on behalf of the Federal Government of Nigeria, we are pleased to introduce to you the FGN Savings Bond. FGN bond is a fixed income debt instrument issued by the Federal Government Nigeria with a definite date of maturity and a fixed interest payment (known as coupon) payable either semi-annually or annually.
Purpose of the FGN Savings Bond
To deepen the national savings culture
To provide opportunity to all citizens irrespective of income level to earn more income (favorable returns).
The Bond will be issued monthly in tenors of 2 and 3 years, with quarterly payment of interest to Investors.
Minimum subscription amount is N5,000.00 with additions in multiples of N1,000.00, subject to a maximum of N50,000,000.00.
The Bond will be offered to the investing public through Offer for Subscription at an interest rate to be announced by the DMO.
The Bond is backed by the full faith and credit of the Federal Government of Nigeria.
Interest income is paid quarterly directly into bond holder’s account.
The Bond is acceptable as collateral for loans by banks and can be sold for cash in the secondary market before maturity.
Good for savings towards retirement, marriage, school fees, house projects, etc.
Lead Securities and Investment Limited has been appointed as one of the distributing agents for this Bond, and you can visit our office or contact us via email@example.com to subscribe.