FGN SAVINGS BOND

The FGN Savings Bond is safe and backed by the full faith and credit of the Federal Government of Nigeria, with quarterly coupon payments to bondholders.

Features

Minimum subscription of N5,000 with additions in multiples of N1,000; subject to a maximum of N50 million. A fixed coupon will be paid quarterly to investors. Bond tenors will range from 2 – 3 years tenor. It will be issued on a Monthly Basis through an Offer for Subscription. A monthly offer will be open for 5 days from the date of the announcement.

Benefits

The coupon/interest income from the Savings Bond is tax-free. The bondholder enjoys coupon/interest on a quarterly basis which is paid directly to his/her bank account It makes it possible for individuals to plan and save towards personal projects. FGN Savings Bonds are liquid as Secondary Market trading will be on the trading platform of the Nigerian Stock Exchange (NSE) The FGN Savings Bond is acceptable as collateral for loans. It offers guaranteed returns and encourages financial inclusion.