1)interest bearing government securities for funding medium to long term projects.
2)interest paid semi annually and redeemed at par ( face value) on maturity date
3)Free of default risk because they are obligations by the government
4)High degree of liquidity, can easily be converted into cash though at a relatively higher cost.
5)Issued for a period of 2 to 10 years
6)FDH able to discount LRS at a negotiable price.
7)FDH offers attractive rates to clients for long term investment in LRS
8)A good way of diversifying your money market portfolio into medium and longer term tenors at rates that match your investment goals