Finance

FG offers May savings bonds for subscription

DMO raises N1.2bn as March savings bond offer opens

The Federal Government has, through the Debt Management Office, opened the May savings bond offer to investors.

The DMO announced on Monday on its website the two-year and three-year savings bonds offer for subscription.

Read:  Jaiz Bank grows profit by 37% to N4.2b

According to the debt office, the two-year FGN bonds are due on May 12, 2023 at 7.753 per cent per annum; and the three-year FGN savings bond due on May 12, 2024 at 8.753 per cent per annum.

Read:  FCMB emerges best SME bank in Africa

They opened on May 3, with a closing date of May 7.

While the settlement date is May 12, the bonds have coupon dates of August 12, November 12, February 12 and May 12.

Punch

Related posts

Naira slump: CBN clamps down on speculators, restricts diaspora remittances

NigGal

NCC to conduct 5G trial Thursday

NigGal

Zenith Bank wins best bank for digital solutions

NigGal

Naira exchange rates October 2022

NigGal

CBN reduces ATM, interbank transfer charges

NigGal

Royal Exchange General appoints 3 new executives

NigGal

Leave a Comment