Debenture Bonds

These were the first capital market products offered by the bank and represent the bank’s largest source of funding. Typical bond terms are as follows:

  • Fixed or floating interest (coupon) rates
  • Taxable or tax free interest income
  • Interest paid semi-annually or at maturity
  • Principal repaid at maturity
The bonds are attractive to investors looking for
  • High quality interest income investments
  • Guaranteed principal
  • Assets which qualify for the Statutory Deposit and Fund under the Insurance Act
  • Assets which pay regular semi-annual interest
What do you need to apply?
  • Any 2 forms of Identification (Valid National Identification Card, Passport, Driver’s Permit)
  • Proof of Address (Utility Bill etc.)
  • Proof of Income (Job Letter or Salary Slip)
  • Source of Funds
  • Copy of the Certificate of Incorporation
  • Copy of the latest Annual Return of the Company
  • A letter from the Company stating the signatories to the account and their signing limits
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