Citadel Discounted Note
Citadel Discounted Note is designed for clients who desire to earn upfront interest payment to meet some financial obligations while waiting for the face value at maturity. It affords clients the benefits of having access to upfront interest to take care of some financial needs.
The product is akin to Treasury Bills and it is tailored also after clients that do not have access to trade in Treasury Bills. The product will generate immediate cash income to clients and also preserve their capital.
Minimum Tenor: 6 months
Minimum Investment: Le20,000.00 (Twenty Thousand Leone)
Applicable Rate: Negotiable
Product Benefits:
- Upfront interest payment to meet immediate financial needs
- Predictability of investment maturity sum
- Can be used as security for borrowing purpose
- Maturity date is predetermined