Offer for subscription: Federal Government Savings Bond

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DEBT MANAGEMENT OFFICE
on behalf of the
FEDERAL GOVERNMENT OF NIGERIA 

Offers for Subscription and is authorized to receive applications for the

Federal Government of Nigeria Savings Bond 

at the following interest rates 
2-Year FGN Savings Bond due October 18, 2019:  12.059% per annum 
3-Year FGN Savings Bond due October 18, 2020:  13.059% per annum 

Opening Date: October 9, 2017
Closing Date: October 13, 2017 
Settlement Date: October 18, 2017
Coupon Payment Date: January 18, April 18, July 18, October 18 

SUMMARY OF THE OFFER 
ISSUER: Federal Government of Nigeria (“FGN”) 

picture credit: aimsecurities.comOffer for subscription: Federal Government Savings Bond


UNITS OF SALE: 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 N50,000,000. 

INTEREST PAYMENT: Payable Quarterly 

REDEMPTION: Bullet repayment on the maturity date 

STATUS:
1.  Qualifies as securities in which trustees can invest under the Trustee Investment Act. 
2.  Qualifies as Government securities within the meaning of Company Income Tax Act (“CITA”) and Personal Income Tax Act (“PITA”) for Tax Exemption for Pension Funds, amongst other investors. 
3.  Listed on The Nigerian Stock Exchange. 4. Qualifies as a liquid asset for liquidity ratio calculation for banks.

INTEREST PAYMENT: Payable Quarterly 
REDEMPTION: Bullet repayment on the maturity date 
SECURITY: Backed by the full faith and credit of the Federal Government of Nigeria and charged upon the general assets of Nigeria. 


INTERESTED INVESTORS SHOULD CONTACT THE STOCKBROKING FIRMS APPOINTED AS DISTRIBUTION AGENTS BY THE DEBT MANAGEMENT OFFICE. PLEASE VISIT www.dmo.gov.ng FOR THE LIST OF DISTRIBUTION AGENTS.   



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