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