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Associated Bond Note (ABN) is a hybrid product deriving its value from a basket of issued FGN bonds. It is a product combining the benefit of high yields on bond with the flexibility of a shorter tenor. It therefore provides a unique opportunity to partake in the benefits associated with FGN bonds.

Features

• Minimum investment of N100, 000 (One Hundred Thousand Naira)


• Minimum Tenor of 30 Days
• No Services Charge
• Individual / Joint/ Corporate Investors Allowed
• Obtain features of a bond holder without having to hold to maturity

Benefits

• Can be used as collateral for credit facility
• Highly secured as it is backed by FGN Bonds
• Tax incentive: Interest income is tax exempt
• Safety of investment at competitive rate
• Defined future value of investment known in advance
• Liquidity / Flexibility: Convertible to cash on demand (with penalty on interest portion only)