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GOVERNMENT BOND SECURED INVESTMENT (GBSI)
This product enables you to enjoy the security of investing in Federal Government Bonds at competitive rates with the added value of flexible and short tenors i.e. without the compulsion of investing for the minimum tenor of 3 years. Kakawa gives you the option of investing for a minimum of 30days.
Features/ Benefits
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Amount: Minimum investment of =N=1,000,000.00
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Minimum Tenor: 30days
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Interest Rate:(negotiable)
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Security: Backed by the Federal Government
of Nigeria
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Rediscounting Facility / Liquidity: Though
the Government Bonds cannot be rediscounted at the CBN,
KAKAWA will be willing to rediscount the Government Bond
Secured Investment for you at an agreed fee after running
for a minimum period of 30days.
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Custodial Services: Physical certificates
will not be issued for all Government Bond Secured Investments
since physical bills cannot be traded in the secondary market.
KAKAWA will hold the bills in custody on behalf of the customer.
However, KAKAWA will issue a confirmation of investment
certificate and will at your instance, confirm to the Central
Bank in writing that the Bonds are pledged to you. This
means for regulatory reasons, they will count as part of
your securities holding.
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Tax Incentive: The investment will not
be subject to withholding tax or VAT deductions.
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Collateral/Bank Guarantee: If the need
ever arises, KAKAWA will give an undertaking to other institutions
that the Investment can be used.
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| Do not wait; the time will never be "just right." Start where you stand, and work with whatever tools you may have at your command, and better tools will be found as you go along. - Napoleon Hill
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Bohemian |
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