“They are backed by full faith and credit of the Federal Government of Nigeria, and are default risk-free,” she said.
“They also attract foreign investors into the domestic financial market, to refinance maturing domestic debt and to diversify sources of funding for the federal government. “FGN Bond is the flagship; it is the longest of the existing FGN Securities. It offers medium term to long term investments , from five years to seven years, to 10 years, 20 years and 30 years.
“When you invest in Eurobond you are owning dollar-denominated assets, and that adds foreign exchange exposure to your portfolio, while also boosting the nation’s external reserves,” she said.
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