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FGN Savings Bond for November 2017 Opens

Proshare

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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