FGN Bond Auction Opened October 9, 2017

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October 9, 2017/ARM

The October Auction opens today and closes Friday, October 13, 2017. Please find details stated below.

  • 2-Year FGN Savings Bond due October 18, 2019: 12.059% per annum
  • 3-Year FGN Savings Bond due October 18, 2020: 13.059% per annum
  • Opening Date: October 9, 2017
  • Closing Date: October 13, 2017
  • Settlement Date: October 18, 2017
  • Coupon Payment Date: January 18, April 18, July 18, October 18
  • Units for 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 Quartely

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