FEDERAL GOVERNMENT SAVINGS BOND (January Offer for Subscription)

The Federal Government of Nigeria Savings Bond offer for January opens today the 8th of January 2018 and will remain open for five days till the 12th of January 2018. Subsequently, the Debt Management Office has announced that the bonds will be offered at the following rates:

 

  • 2-Year FGN Savings Bond due January 17, 2020: 11.098%
  • 3-Year FGN Savings Bond due January 17, 2021: 12.098%

 

We advise all forms are submitted on or before 12 noon on Friday to enable onward submission to the DMO.

 

FEATURES OF THE FGN SAVINGS BOND

  • Offer Period: 8th– 12th January, 2018
  • Tenor: 2 and 3 years
  • Coupon: 11.098% for 2years, 12.098% 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:  Tradeable on the Nigerian Stock Exchange (NSE)
  • Subsequent Offers: First week of every month
  • Tax on Interest: Interests are tax free
  • Capital Repayment: Guaranteed

 

For More Information on the Bond, kindly click the links below.

 

 

To invest in the FGN Savings Bond:

  • Download and complete the attached subscription form.
  • Make payment into any of the accounts below
  • Scan and send a copy of the completed form, along with evidence of payment, deposit or fund transfer to contact@meristemng.com
  • If you do not have a CSCS account, kindly send a mail to contact@meristemng.comwith the following details;
  • Passport photograph
  • State of origin
  • Local govt of state of origin
  • Date bank account was opened

 

Account Name:    MERISTEM STOCKBROKERS LIMITED

FIDELITY BANK

Account Number:    4010926009

 FIRST BANK

Account Number:    2025196348

GUARANTY TRUST BANK

Account Number:    0149543092

ACCESS BANK

Account Number:    0690035760

ZENITH BANK

Account Number:    1014048866

 

Should you require further information, please contact us via the following channels. We will attend to it promptly.

 

Phone:                 +234(1)2717353, 2717354, 2717355, 0800MERISTEM

Email:                  contact@meristemng.com

Website chat:     http://www.meritrade.com

 

 

 

 

 

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