DMO Restarts FGN Bond Sale August 10
The Debt Management Office (DMO) will next week restart the sale of Federal Government of Nigeria (FGN) Savings Bond.
The DMO suspended the monthly offers of the FGN Savings Bond in April 2020 due to the restrictions on activities and movement as part of measures to curtail the spread of COVID-19.
In a statement on Thursday, the DMO said the offer for subscription will open on Monday, August 10 and close on Friday, August 14, 2020.
It urged investors to continue saving through the FGN Savings Bond, saying “they attract good incomes and are secure”.
The FGN Savings Bond, which was introduced in March 2017, is tailored and targeted at retail investors with guaranteed quarterly interest payment and repayment of the principal at maturity.
The savings bonds provide opportunity for all citizens to contribute to National Development as well as benefit from the favourable returns available in the capital market.