A Bond is a long term debt instrument issued by an entity (company or government) that has an evidence of a “promise to pay” and the duration is usually more than one year. Interest payments, which are called coupon payments, are commonly made every 6 months (semi-annual basis). The principal repayment is made in lump-sum at maturity of the bond.
Features & Benefits
Capital preservation and growth
Steady income stream
Interest on bonds are tax free
Bond certificates can be used as collateral for borrowing
High and stable returns
Minimum investment requirement of N50, 001,000.00.