The 40th Series of the FGN Savings Bond Offer is open between October 5th, 2020 and October 9th 2020 at the following rates:

  1. 2 year FGN Savings Bond due on October 14, 2022 @ 2.453% p.a
  2. 3 year FGN Savings Bond due October 14, 2023 @ 3.453% p.a

The Bond is listed on the floor of the NSE for the benefit of those who may want to trade theirs before maturity.

Features;

  • Minimum subscription Amount: N5,000.00 (additional investments in multiples of N1,000.00) and maximum of N50,000,000.00.
  • The product will be issued monthly in tenors of 2 and 3 years, with quarterly interest payments.
  • The bond will be listed on the Nigerian Stock Exchange to guarantee liquidity.
  • The product will be offered to the investing public through offer for subscription at an interest rate to be determined by the DMO.

Benefits;

  • Guaranteed return and to 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.