Nigerian govt issues new savings bonds at 5.52%, 6.52% rates
The savings bond issuance is expected to help finance the nation’s budget deficit.
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The savings bond issuance is expected to help finance the nation’s budget deficit.
The bonds have a tenure of between two and three years and a minimum size of investment of N5, 000 ...
The two-year bond will be due in December 2020 while the three-year bond will be due in December 2021.
The offer would close on Friday.
In March, N2.068 billion was allotted to 2,575 investors.
The savings bond issuance is expected to help finance the nation’s budget deficit.
The government also offered a three-year bond at 14.1 per cent.
