NEW FGN SAVINGS BONDS OFFER HIGHER RETURNS OF 17% AND 18%
The Debt Management Office (DMO) has announced the launch of the October 2024 Federal Government of Nigeria (FGN) savings bond offer, which includes two bond series featuring competitive interest rates. These bonds are available for subscription from October 7 to October 11, 2024.
The first bond is a two-year FGN savings bond, with a maturity date of October 16, 2026, and offers an interest rate of 17.084% per annum. The second bond is a three-year FGN savings bond, maturing on October 16, 2027, providing a higher annual interest rate of 18.084%.
These bonds provide regular quarterly interest payments, making them attractive for investors looking for a stable income. Investors can subscribe with a minimum of N5,000 and in multiples of N1,000, with a maximum investment of N50 million.
The bonds are backed by the Federal Government of Nigeria and listed on the Nigerian Exchange, allowing for liquidity and trading before maturity.
The Debt Management Office (DMO) has announced the launch of the October 2024 Federal Government of Nigeria (FGN) savings bond offer, which includes two bond series featuring competitive interest rates. These bonds are available for subscription from October 7 to October 11, 2024.
The first bond is a two-year FGN savings bond, with a maturity date of October 16, 2026, and offers an interest rate of 17.084% per annum. The second bond is a three-year FGN savings bond, maturing on October 16, 2027, providing a higher annual interest rate of 18.084%.
These bonds provide regular quarterly interest payments, making them attractive for investors looking for a stable income. Investors can subscribe with a minimum of N5,000 and in multiples of N1,000, with a maximum investment of N50 million.
The bonds are backed by the Federal Government of Nigeria and listed on the Nigerian Exchange, allowing for liquidity and trading before maturity.