FG Opens October Savings Bonds.

The Federal Government on Monday opened an offer for subscription of its October savings bonds.

The Debt Management Office disclosed that it offered a two-year FGN savings bond due on October 16, 2021 at the rate of 11.244 per cent per annum; and a three-year FGN savings bond due on October 16, 2022 at the rate of 12.244 per cent per annum.

The subscriptions, which opened on Monday, had a closing date of October 11, 2019 and a settlement date of October 16, 2019.

It added that the units of sale was 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 N50m.

First Seen on Punch News, written by Nike Popoola.