Make Money: How to buy the next FGN Savings Bonds

The Federal Government of Nigeria has announced details of the new issue of its FGN Savings Bond Offer. The Debt Management Officer, which issued the bonds on behalf of the FG reveals subscription for the savings bond re-opened, Monday the 9th of April 2018. The offer, will be open for the next four days and close Friday, the 13th of April […]

The Federal Government of Nigeria has announced details of the new issue of its FGN Savings Bond Offer.

The Debt Management Officer, which issued the bonds on behalf of the FG reveals subscription for the savings bond re-opened, Monday the 9th of April 2018.

The offer, will be open for the next four days and close Friday, the 13th of April 2018, and will sell at the following coupon rates:

2-Year FGN Savings Bond due April 18, 2020: 10.75%
3-Year FGN Savings Bond due April 18, 2021: 11.75%

DETAILS OF THE FGN SAVINGS BOND

	FEATURES
Tenor	2 and 3 years
Coupon	10.75% for 2 years, 11.75% for 3 Years
Coupon Payments	Quarterly (4 times a year)
Subscription Amount	Minimum – N5,000
	Maximum – N50,000,000
Additional Subscription	In multiples of N1,000
Secondary Market	Listed on the Nigerian Stock Exchange (NSE)
Redemption	Principal repayment on the maturity date
Subsequent Offers	First week of every month
Tax on Interest	Interests are tax-free
Capital Repayment	Guaranteed
Settlement Date	April 18th, 2018
Coupon Payment Rate	July 18, October 18, January 18, April 18.

To buy, you will have to contact your Stockbroker. Stockbrokers advise that all forms are submitted on or before 12noon on Friday to enable timely submission to the DMO.

Recommended Stockbrokers

Meristem
Stanbic IBTC Stockbrokers
Futureview
CSL Stockbrokers
Lead Trader
Afriinvest

Comments 2

Falade

April 10, 2018 · 2:19 pm

Hello Team Nairametrics ,

I must say a well done for the good work as i have learnt a great deal from your site With step by step instruction on several ways to invest fund and your consistent update with write-up on financial articles , i feel your site is the best i have seen so far in the whole of Nigeria.

Your write-ups are concise and precise at anytime.

Keep it up

I currently need an education your recent post on FG Bond and how one can invest in the same.