2 It stated that the first is a two-year savings bond due on June 15, 2024, at an interest rate of 8.2 per cent per annum.
3 The second is a three-year savings bond due on June 15, 2025, at the n interest rate of 9.2 per cent per annum.
4 The bonds were offered at N1,000 per unit.
5 They are subject to a minimum subscription of N5,000 and in multiples of N1,000 thereafter, subject to a maximum subscription of N50 million.
6 “Opening date for both offers is June 6, while the closing date is June 10.
7 “Settlement date is June 15, and coupon payment dates are Sept. 15, Dec. 25, March 15 and June 15.
10 They also qualify as liquid assets for liquidity ratio calculation in banks.
11 “They qualify as securities in which trustees can invest under the Trustee Investment Act.