Finance

DMO offers October savings bonds for subscription

DMO bags awards for fulfilling debt obligations

The Debt Management Office has opened the October savings bonds offer to investors.

The DMO said this in a circular on Monday, adding that it was offering the Federal Government’s two-year and three-year savings bonds.

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A circular titled ‘FGN savings bond offer for subscription October, 2021’ was posted on the website of the organisation on Monday.

According to the circular, the two-year FGN savings bond will be due for redemption on October13, 2023, at 6.899 per cent per annum, while the three-year offer will be due on October 13,2024, at 7.899% per cent per annum.

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The offer opened on Monday, with a closing date of October 8.

The settlement date is October 13, the bonds have coupon payment dates of January13, April 13, July 13, and October 13.

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