December 4, 2023/Investmentone Update
If you are still hoping to maximize the FGN savings Bond in 2023, this is your offer.
The December release is now opened to be closed by Friday, 8th December 2023.
Below is the summary of the offer:
2-year FGN Savings Bond due December 13, 2025: 12.287% per annum
3-year FGN Savings Bond due December 13, 2026: 13.287%
Unit of Sales and subscription amount ₦1,000 per unit subject to a minimum subscription amount: ₦5000 in multiples of ₦1,000.
That is, investors can invest ₦5000, ₦6000, 7000 etc.
Maximum subscription amount: ₦50,000,000
There are many benefits an investor can gain from this offer, such as:
- Guaranteed return and encourage financial inclusion among low-income households.
- Income from investments are exempted from tax.
- Investment can be used as collateral for loan.
- Attractive coupon above average bank savings rate.
- Steady means of Income as coupon is paid quarterly.
