Connect with us
Advertise With Us

Others

FG Offers 2, 3 Years’ Savings Bonds At 13.1%, 14.1% Yields

Published

on


The federal government yesterday offered for subscription two-year savings bond at 13.18 per cent and three-year savings bond at 14.18 percent, the Debt Management Office (DMO) has said.

According to the offer circular derived from the DMO website, the two-year bond will be due in May 2019 while the three-year bond will be due in May 2020.

It, however, did not state how much was offered but added that the maximum subscription was N50 million at N1,000 per unit, subject to minimum subscription of N5,000 and in multiples of N1,000.

The website said that the bond was fully backed by the full faith and credit of the Federal Government, with quarterly coupon payments to bondholders.

The savings bond issuance is expected to help finance the nation’s budget deficit.


Copyright LEADERSHIP.
All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from LEADERSHIP. Contact: [email protected]

Would you accept FG's proposed cattle colony in your local area?

View Results

Loading ... Loading ...
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertisement

Sign up for our newsletter


 

Pin It on Pinterest

Share This

Share this post with your friends!