DMO offers two savings bonds for subscription at N1,000 per unit
The Debt Management Office has offered two new FGN savings bonds for subscription at N1,000 per unit on behalf of the Federal Government. Read More: https://punchng.com/dmo-offers-two-savings-bonds-for-subscription-at-n1000-per-unit/
The Debt Management Office (DMO) of the Federal Government has announced an offer of two FGN savings bonds for investment at N1,000 per unit. According to a DMO statement, the first bond is a two-year investment maturing on October 14, 2028, with an interest rate of 13.071 percent per annum. The second bond is a three-year investment maturing on October 14, 2029, with an interest rate of 14.071 percent per annum.
The offer period begins on October 5 and ends on October 9, with a settlement date of October 14. Coupon payments are scheduled for January 14, April 14, July 14, and October 14. These FGN savings bonds can be purchased in multiples of N1,000, with a minimum subscription of N5,000 and a maximum subscription of N50 million.
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