Fatshimetrie, an innovative investment platform, recently announced a Federal Government of Nigeria Bill offering, with attractive investment opportunities. The initiative is aimed at providing investors with safe and cost-effective options to invest their money in government assets.
Under the offering, the Federal Government Bills are being offered at a unit price of N1,000, with a minimum subscription of N50 million and thereafter in multiples of N1,000.
There are three different issues of Bills involved in the offering. First, there is a N150 billion issue of Bills, maturing in April 2029, with an interest rate of 19.30% per annum (five-year re-opening). Then, another issue of N150 billion will mature in February 2031, with an interest rate of 19.50% per annum (reopening for seven years). Finally, a third issue of N150 billion will mature in May 2033, with an interest rate of 19.89% per annum (reopening for nine years).
The auction is scheduled for June 14, with a settlement date of June 26. Interest will be payable semi-annually, while the principal will be repaid on the maturity date.
It is important to note that the Federal Government Bills are fully guaranteed by the Federal Government and are backed by the general assets of Nigeria. These bonds are recognized as eligible securities for investment by trusts under the Trust Investment Act, as well as government securities under the Companies Income Tax Act and the Personal Income Tax Act, thereby enabling pension funds and other investors to benefit from tax exemptions.
In addition, the Federal Government Bonds are listed on the Nigerian Exchange Limited and the FMDQ ODC Securities Exchange, thereby providing increased liquidity and accessibility to investors.
In summary, this offering of the Federal Government of Nigeria Bonds represents an attractive investment opportunity for investors seeking safe and profitable investments. It also demonstrates investor confidence in government assets and strengthens Nigeria’s position in the international financial markets.