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An Investment Opportunity in the March 2018 FGN Savings Bond

Proshare

Monday, March 05, 2018/ 12.28 PM / FSDH  


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

The March 2018 offer opens Monday, 05 March, 2017 and will close on Friday, 09 March, 2018. 

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 10.746% while the interest rate on the 3 years FGNSB is 11.746%. 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

14 June, 14 September, 14 December, 14 March.

 

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 invest into the investment firm bank account

3. Send evidence of payment via to the investment firm.

4. Submit the completed form to FSDH Securities before the close of business on
Thursday, 08 March, 2018


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