March 13, 2017/InvestmentOne Research

Please click to download document on the FGN Savings Bond Offer opening today. Below is a summary of the offer:

Coupon: 13.01%

Opening Date: March 13, 2017

Closing Date: March 17, 2017

Settlement Date: March 22, 2017

ISSUER: Federal Government of Nigeria (“FGN”)

UNITS OF SALE: 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 N50,000,000.

INTEREST PAYMENT: Payable Quarterly

REDEMPTION: Bullet repayment on the maturity date