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Please find attached June 2017 FGN Savings Bond Offer Circular as published by the Debt Management Office (DMO).
Summary of June 2017 Offer
2-Year FGN Savings Bond due June 14, 2019: 13.189%
3-Year FGN Savings Bond due June 14, 2020: 14.189%
Other News
Opening Date: June 5, 2017
Closing Date: June 9, 2017
Settlement Date: June 14, 2017
ISSUER: Federal Government of Nigeria (“FGN”)
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.
Coupon Payment Date: September 14, December 14, March 14, June 14
REDEMPTION: Bullet repayment on the maturity date
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The FGN savings bond is definitely a better option than leaving money in Nigerian banks who mostly offer next to nothing on savings.
But truth is, there better alternatives out there for those who want more and have have higher risk tolerance.
Anyone interested in a better deal should check this out;
Questra/AGAM – Offers ROI of 17.3% – 28% monthly!
Company details;
https://atlanticgam.es
Sign-up here;
https://goo.gl/RJ95IL
Is the federal saving bond still on pls
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