14
Mar
The FGNSBs is a safe and secure savings bond or product, fully guaranteed by the Government of Nigeria to help Nigerians reach their savings goal.
Investment type
- Fixed income investment – Capital and Interest are guaranteed if held to maturity.
Interest Rate (Coupon) / Coupon/Interest Payment
- Coupon is 13.01%. Interest payments are tax exempt. It is paid quarterly. Principal will be paid at maturity together with the last coupon (interest payment).
Liquidity / Maturity / Tenor
- Clients can easily buy or sell in the secondary market / March 22, 2019 / 2 years
Transfer and Custody Agent
- Central Securities Clearing System (CSCS)
Settlement / Settlement Date / Listing
- It will be credited to Bond’s holder CSCS account./ Transaction day plus three days (T+3). / The FGN Savings Bond will be listed and tradable on the Nigerian Stock Exchange (NSE).
Subscription Amount
- Minimum of N5, 000 plus multiples of N1,000 and maximum of N50,000,000
Auction and Frequency of Issuance
- The first auction will open on the 13th of March 2017 and close on March 17, 2017, while subsequent bond offerings of same tenor will be issued monthly until DMO decides to issue a fresh one.
Procedure on how to invest :
- Print and fill the portions of the FGN Savings Bond Subscription form application relevant to you.
- Ensure you have a CSCS Account Number in a Stock broking Firm and a bank account with valid BVN.
- Issue a cheque/draft or transfer the amount you intend to invest into the following bank account detailed below:
Account Name: Globalview Capital Limited
Account Number: 1015190964
UBA
- Send the evidence of payment and completed subscription form to info@globalviewng.com before or latest by 5pm on Thursday March 16, 2017.
- Ensure you have a CSCS Account Number in an active Stock broking Firm and a bank account with valid BVN which should be filled in the form.
For more enquiries, please call us on Tel: +23414539639, (0) 803 374 0045, or Email: info@globalviewng.com,