AIICO EUROBOND FUND
AIICO Capital
About AIICO EUROBOND FUND
The AIICO Eurobond Fund “The Fund” is an open-ended mutual fund, investing in high-quality sovereign Eurobond (FGN), non-sovereign Eurobond (Corporates and States) and supranational Eurobond instruments. The Fund is also allowed to invest in CBN approved institutions offering investment-grade money market instruments e.g. fixed deposit placements. The Fund seeks to provide safety, liquidity, diversification and competitive investment return. The objective of the Fund is to generate steady stream of foreign currency cash flow on subscribers' investment."
Requirements for savings
- Utility bill for address verification
- Valid means of identification e.g. National Identity Card, Driver’s License, International Passport, or Voter’s Card
- Recent Passport Photograph
States Covered
Provider Details
About provider
AIICO commenced operations in Nigeria in 1963 as an Agency office of American Life Insurance Company (“ALICO”) – at the time, a subsidiary of American International Group (“AIG”). The Company was incorporated, registered and licensed in Nigeria as American Life Insurance Company Limited – as a wholly owned subsidiary of ALICO/AIG – in 1970 – to offer Life and insurance services. The Company was renamed American International Insurance Company Limited (“AIICO”) upon the acquisition of a 60% stake by the Federal Government of Nigeria, and later listed on the Nigerian Stock Exchange in 1990, after which both shareholders – the Federal Government of Nigeria and AIG divested.
About AIICO EUROBOND FUND
The AIICO Eurobond Fund “The Fund” is an open-ended mutual fund, investing in high-quality sovereign Eurobond (FGN), non-sovereign Eurobond (Corporates and States) and supranational Eurobond instruments. The Fund is also allowed to invest in CBN approved institutions offering investment-grade money market instruments e.g. fixed deposit placements. The Fund seeks to provide safety, liquidity, diversification and competitive investment return. The objective of the Fund is to generate steady stream of foreign currency cash flow on subscribers' investment."
Requirements for savings
- Utility bill for address verification
- Valid means of identification e.g. National Identity Card, Driver’s License, International Passport, or Voter’s Card
- Recent Passport Photograph
States Covered
Provider Details
About provider
AIICO commenced operations in Nigeria in 1963 as an Agency office of American Life Insurance Company (“ALICO”) – at the time, a subsidiary of American International Group (“AIG”). The Company was incorporated, registered and licensed in Nigeria as American Life Insurance Company Limited – as a wholly owned subsidiary of ALICO/AIG – in 1970 – to offer Life and insurance services. The Company was renamed American International Insurance Company Limited (“AIICO”) upon the acquisition of a 60% stake by the Federal Government of Nigeria, and later listed on the Nigerian Stock Exchange in 1990, after which both shareholders – the Federal Government of Nigeria and AIG divested.
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