DMO offers two savings bonds at N1,000 per unit
On Monday, the Debt Management Office (DMO) offered two federal government savings bonds for subscription at N1,000 per unit.
The first offer is a two-year FGN savings bond due on December 13, 2025, at an interest rate of 12.287 per cent per annum.
The second offer is a three-year FGN savings bond due on December 13, 2026, at an interest rate of 13.287 per cent per annum.
The opening date for both offers is December 4, while the closing date is December 8, according to the DMO.
The settlement date is December 13, while coupon payment dates are March 13, June 13, September 13 and December 13.
“They are offered at N1,000 per unit subject to a minimum subscription of N5,000 and in multiples of N1,000 thereafter subject to a maximum subscription of N50 million.
“Interest is payable quarterly, and the bullet repayment is made on maturity,” the DMO said.
The DMO assured that the bonds, like all other FGN securities, were backed by the full faith and credit of the federal government and charged upon the general assets of Nigeria.
“They qualify as securities in which trustees can invest under the Trustees Investment Act,” it said.
(NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
NationWide
Tinubu inherited bad roads, tackling infrastructure deficit headlong, says senator
The senator said that the administration had been reconstructing existing roads.
States
Police nab eight Gombe suspects over alleged robbery, internet fraud
Mr Abdullahi urged them to report suspicious activities to the security agencies.
NationWide
Non-implementation of master plan responsible for Coastal road flooding: Umahi
Mr Umahi thanked the contractor handling the Sokoto-Badagry Superhighway, Hitech Construction Company Ltd. for efficiency.
NationWide
D’Tigers beat Rwanda 106-62 in World Cup Qualifier
Mr Okoye said, “Going home 3-0 feels amazing, but the job is not done. Representing Nigeria means the world to me, and every opportunity to wear this jersey is a blessing.”
NationWide
Lagos deputy governor, APC state chairmen hail Tinubu’s visionary leadership
Mr Hamzat described Mr Tinubu as an inclusive leader who encouraged innovation and welcomed superior ideas irrespective of their source.
NationWide
2027: Pray for Nigeria, vote credible leaders, ex-Niger CAN chairman urges voters
Mr Echioda urged eligible Nigerians to participate actively by voting for competent, God-fearing, and credible candidates with proven records of service.
