For those ready investors in Nigeria looking for where to invest some spare cash, a good and low or zero risk investment opportunity is presently available in the Federal Government of Nigeria Savings Bond (FGNSB).
(Are you inexperienced in investing, or the subject of BOND sounds Greek to you? Get to learn more about bonds HERE)
The April 2018 bond offer is already opened since Monday, 09 April, 2018 and will close on Friday, 13 April, 2018.
The details of the investment opportunity are stated below:
|Type of Investment||Fixed income investment where capital and interest are guaranteed|
|Tenure||2 years and 3 years|
|Interest Rate||Interest rate on the 2 years FGNSB is 10.75% while the interest rate on the 3 years FGNSB is 11.75%. 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 tradeable 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||18 July, 18 October, 18 January, 18 April.|
How to Invest in the FGNSB April 2018
1. Print and carefully complete the FGNSB application form.
2. Issue a cheque/draft or transfer the amount you intend to invest into the broker’s bank account:
3. Send evidence of payment to the broker
4. Submit the completed form to FSDH Securities before the close of business on Thursday, 12 April, 2018.