Invest in FGN Monthly Bond Auction

Invest in FGN Monthly Bond Auction

February 8,2013/ DLM

Kindly download, print and complete the tender form

The Central Bank of Nigeria (“CBN”) with the authority of the Debt Management Office (“DMO”), on behalf of the Federal Government of Nigeria (“FGN”), will offer for Subscription by way of a Public Auction (Re-opening), the following:


• NGN35bn worth of 5-year Bond maturing in April 2017 with an annual coupon of 15.10%
• NGN35bn worth of 7-year Bond, maturing in June 2019 with an annual coupon of 16.00%
• NGN20bn worth of 10-year Bond, maturing in January 2022 with an annual coupon of 16.39%
• NGN15bn worth of 20-year Bond, maturing in July 2030 with an annual coupon of 10.00%

Auction Date:  Wednesday, February 13, 2013

Settlement Date:  Friday, February 15, 2013

Kindly download, print and complete the tender form

SUMMARY OF THE OFFER
Issuer:  Federal Government of Nigeria (“FGN”)
Redemption:  Bullet repayment of Principal and Interest on the maturity date
Minimum Units of Sale:  Ten (10) units at N1,000 per unit
Tax Status It is exempt from all forms of taxes
Tradability: It is listed on the Nigerian Stock Exchange and qualifies as a liquid assets
Interest payment: Interest is paid semi-annually from issue date
Interest Rate: For previously issued bonds, successful bidders will pay a price corresponding to the yield-to-maturity that clears the volume auctioned, plus accrued interest from the last coupon date
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:
ievbosomon@dunnlorenmerrifield.com or bbhadmus@dunnlorenmerrifield.com

 



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