The Debt Management Office, has offered two Federal Government of Nigeria, savings bonds for subscription at N1,000 per unit.
DMO disclosed this in a statement on Monday.
The Debt Office stated that the first offer is a two-year FGN savings bond due on August 21, 2026, at an interest rate of 17.373 per cent per annum.
According to the records, the offer is a three-year FGN savings bond due on August 21, 2027, at an interest rate of 18.373 per cent per annum.
The Opening date for the offer is August 12, the closing date is August 16, and the settlement date is August 21, while coupon settlement dates are November 21, February 21, May 21, and August 21.
“They are offered at 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 million.
“Interest is payable quarterly while bullet repayment (principal sum) is on the maturity date,” DMO said.