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FGN Savings Bond for November 2017 Opens

Bonds & Fixed Income	3743 VIEWS
Bonds & Fixed Income
3743 VIEWS

Tuesday, November 07, 2017 9:16AM /FSDH

We are pleased to present to you a unique investment opportunity in the Federal Government of Nigeria Savings Bond (FGNSB).

The November 2017 offer opens today Monday, November 06, 2017 and will close on Friday, November 10, 2017.

The details of the investment opportunity are stated below:

Type of Investment	Fixed income investment where capital and interest are guaranteed
Tenor	2 years and 3 years
Interest Rate	Interest rate on the 2 years FGNSB is 12.091% while the interest rate on the 3 years FGNSB is 13.091%. Interest income is tax exempt.
Interest Payment	The interest will be paid quarterly in arrears while the principal will be paid at maturity together with the last interest payment.
Settlement	Bond holders will have their holdings credited into their CSCS account
Settlement Date	Transaction day plus three days (T+3)
Subscription Amount	Minimum of N5,000 plus multiples of N1,000 and maximum of N50,000,000
Listing Status	The FGNSB will be listed and it is tradable on The Nigerian Stock Exchange (NSE)
Subscription Mode	Please send your completed form to FSDH Securities Limited, a DMO accredited Stockbroker to the FGNSB.
Coupon Payment Date	February 15, March 15, August 15, November 15.

How to Invest in the FGNSB

1.       Please print and carefully complete the FGNSB application form.

2.      Issue a cheque/draft or transfer the amount you intend to your broker’s Account.

3.      Send evidence of payment to your broker via email

4.      Submit the completed form to your broker before the close of business on Thursday October 12, 2017.

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