Commercial Papers

It is an unsecured negotiable short-term instrument issued by a corporate, usually for financing short-term liabilities and working capital.
Features Benefits
It is a discount instrument It usually offers higher yields than treasury bills because of credit risk premium
It usually offers higher yields than treasury bills because of credit risk premium
It has short maturities up to 270days
Interest earned is taxable

How to Apply

There are different ways to apply, depending on whether or not you bank with us.

Already bank with us?

You can apply online, in any branch or by calling 0345 744 5445

Apply on Globus Online
New to Globus?

You can apply online, in any branch or by calling 0345 744 5445

Apply on Globus Online

More Ways to Save

Interested in other ways to save? We have other options for you to consider.

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Bonds

Bonds are long term debt instruments issued by corporates and governments.

Learn More
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Money Market

These are cash placements with banks for a set period of time.

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...
Treasury Bills

A short-term debt instrument issued by the Federal Government.

Learn More