LATEST UPDATES
Card-image-cap

Market | Bonds & Fixed Income

Invest in FGN Monthly Bond Auction – September 2022

Sep 15, 2022   •   by   •   Source: DMO   •   eye-icon 302 views

The Central Bank of Nigeria on the authority of The Debt Management Office on behalf of the Federal Government Of Nigeria Offers for Subscription by Auction and is authorized to receive applications for

 

N75,000,000,000 – 13.53% FGN MAR 2025 (10-Yr Re-opening)*

N75,000,000,000 – 12.50% FGN APR 2032 (10-Yr New Issue)*

N75,000,000,000 – 16.2499 FGN APR 2037 (20-Yr Re-opening)*

 

Auction Date: September 19, 2022

Settlement Date: September 21, 2022


 Summary Of The Offer

Issuer:

Federal Government of Nigeria (“FGN”)

 

Units Of Sale:

N1,000 per unit subject to a minimum subscription of N50,001,000 and in multiples of N1,000 thereafter

 

Interest rate:

For Re-openings of previously issued bonds, (where the coupon is already set), successful bidders will pay a price corresponding to the yield-to-maturity bid that clears the volume being auctioned, plus accrued interest from the original issue date.

 

Interest payment:

Payable semi-annually

 

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 and and FMDQ OTC Securities Exchange

4. All FGN Bonds qualify as liquid assets for liquidity ratio calculation for banks


Security:

FGN Bonds are backed by the full faith and credit of the Federal Government of Nigeria and are charged upon the general assets of Nigeria


 
How To Invest

Kindly download, print and complete the tender form.

The duly completed form should be scanned and sent to:

 [email protected] or [email protected]

* (1) The DMO reserves the right to alter the amount allotted in response to market conditions

* (2) Retail Investors are encouraged to participate

Related items.

Get the App

apple-store  play-store

Connect with us


Proshare is a professional practice focused on delivering research and information services to bridge the gap between investors and markets; by delivery on credible, reliable, and timely engagements through the following areas — Impact Research, Market Intelligence, Strategic Advisory, Stakeholder Relations & Digital Media.