FEATURES OF THE FGN SAVINGS BOND
FEATURES
Offer Period 2nd -5th October, 2018
Tenor 2 and 3 years
Coupon 11.175% and 12.175%
Coupon Payments January 10, April 10, July 10, October 10
Subscription Amount Minimum – N5000
Maximum – N50,000,000
Additional Subscription In multiples of N1,000
Secondary Market Tradable on the Nigerian Stock Exchange (NSE)
Subsequent Offers First week of every month
Tax on Interest No tax on Interest Income
Capital Repayment Guaranteed
Settlement Date October 10, 2018

 

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