FGN Securities Market Nigeria

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We are pleased to inform you that the July edition of the Offer for Subscription of the Federal Government of Nigeria Savings Bond (FGNSB) is now open. The Debt Management Office (DMO) has announced that it has been authorised to receive applications for fresh Issues of the FGNSB on the following terms:

 

Interest Rate: 10.483%

 

Interest Rate: 11.483%

 

Opening Date: July 2, 2018

Closing Date: July 6, 2018

Settlement Date: July 11, 2018

 

Investors may apply for either or both of these maturities, as preferred.

 

Please find below additional information to guide your application:

 

Units of Sale: N1,000 per unit subject to a minimum subscription of N5,000.00 and in multiples of N1,000 thereafter, subject to a maximum subscription of N50,000,000.00

 

Security: The FGNSB is backed by the full faith and credit of the Federal Government

of Nigeria (FGN)

 

Status:

Qualifies as securities in which Trustees can invest under the Trustee Investment Act

Qualifies as government securities within the meaning of Company Income Tax Act (CITA) and Personal Income Tax Act (PITA) for Tax Exemption for Pension Funds, amongst other investors

Will be listed on the Nigerian Stock Exchange

Qualifies as a liquid asset for liquidity ratio calculation for banks

 

Subscription Mode: Investors can subscribe through FBNQuest Securities Limited, for the FGNSB issues being offered by taking the following steps:

 

Open a CSCS stockbroking account with FBNQuest Securities Limited. Please click here to access our account opening forms for this purpose; (N.B: Existing stockbroking clients with CSCS account numbers will only need to provide their CSCS account details).

Obtain the FGNSB subscription form (form may be downloaded here)

Make payment for subscriptions with beneficiary name clearly indicated to our account within the subscription period:

 

Account Name: FBN Securities IPO Account

Bank: First Bank of Nigeria Plc.

Account Number: 2031788029

 

Immediately fill and submit the subscription form

 

Investors should immediately contact their Relationship Manager or send an e-mail to customercare@fbnquest.com with evidence of payment for immediate confirmation of payment receipt.

 

The CSCS is expected to credit investors’ account with allotted FGNSB volume on the settlement date.

 

We will be happy to assist with any further enquiries about the subscription process or trading the FGN Savings Bond on the NSE.

 

For more information, kindly contact your Relationship Manager, email customercare@fbnquest.com  or call 01-2702290.

 

Website – https://fbnquest.com/

 

Visit Link: https://fbnquest.com/securities/fgn-savings-bond-offer-for-subscription-july-2018-issue/

 

 

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To contact the listing author, send an email to fbnquestservices@gmail.com

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