Debenture Bonds
About the Fund
Product Characteristics
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
Key Features
What to Expect
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
Required Documents
What you need to apply
Requirements for Individuals
- 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
Requirements for Companies
- 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
