Savings Bond: FG List Fresh N295.9 Million on NSE

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  • Savings Bond: FG List Fresh N295.9 Million on NSE

The Federal Government listed a fresh savings bond of N295.9 million on the Nigerian Stock Exchange on Wednesday, September 18, 2019.

The bonds were listed on NSE’s daily official list, according to the circular released by the bourse on Friday.

It stated that the series 60 bonds, which would mature on September 11, 2021, were valued at N91.11 million and offered at an interest rate of 11.150 per cent.

While the series 61 bonds worth N204.8 million were listed at 12.150 per cent and would mature on September 11, 2022.

The bourse said a unit bond was issued at N1,000.

Accordingly, the bonds coupon payments would be made on December 11, 2019 and March 11, June 11 and September 11, 2020.

About the Author

Samed Olukoya
CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade long experience in the global financial market. Contact Samed on Twitter: @sameolukoya; Email: [email protected]

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