The Federal Government has listed two new tranches of its Savings Bond on the Nigerian Stock Exchange (NSE), paving the way for investors to trade on the debts. The two bonds – a two-year bond and a three-year bond, were issued on February 10, 2021.

In the first listing, a total of 673,120 units of a two-year savings bond valued at N673.12 million were listed at par value of N1,000 per unit. The two-year bond carries a coupon of 4.214 per cent with maturity at February 10, 2023.

The government also listed a total of 1.125 million units of a three-year savings bond valued at N1.125 billion at a par value of N1,000. The three-year bond carries a coupon of 5.214 per cent with maturity on February 10, 2024. The government had raised N18.14 million and N78.05 million through two and three year bonds in January 2021.

The two bonds were issued earlier this month as part of the government’s monthly FGNSB issuance calendar. The coupon payment dates for the bonds, which pay interest rate quarterly, are May 10, August 10, November 10 and February 10.