January FGN Bonds Offer Opens

Image result for FGN Bond by InvestAdvocate

January 8, 2018/Cowry Asset

2 -Year FGN Savings Bond due January 17,2020: 11.098% per annum
3 -Year FGN Savings Bond due January 17 2021: 12.098% per annum

 

OFFERBOND
ISSUERFederal Government of Nigeria
Opening dateJanuary 08,2018
Closing Date January 12,2018
Settlement DateJanuary  17,2018
Coupon Payment DateApril17,July 17,October 17,January 17
Interest PaymentPayable Quarterly
RedemptionBullet repayment on maturity date
SecurityBacked by the Federal government of Nigeria and charged upon the general assets of Nigeria
Unit of saleN1,000 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

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