DMO offers 2 new FG savings bonds for subscription at N1,000

The Debt Management Office (DMO), on , opened new Federal Government of Nigeria’s savings bonds for subscription at N1,000 per unit.

According information obtained from the DMO’s official website, one is a -year savings bond due on April 14, 2023, at an rate of 5.522 per cent per annum.

The second offer is a three-year bond due on April 14, 2024, at an rate of 6.522 per annum.

The bonds are opened at N1,000 per unit, a minimum subscription of N5,000 in multiples of N1,000 thereafter and subject a maximum of N50 Million.

“The bonds qualify as securities in which trustees can invest the Trustee Investment Act.

“It is backed by the full faith and credit of the Federal Government of Nigeria and charged upon the assets of Nigeria,’’ DMO explained.

It urged interested investors contact the stock-broking firms appointed as distribution agents by the DMO. ()