FGN Savings Bond (July)

The Federal Government of Nigeria Savings Bond Offer is here again!!!

Subscription for the savings bond, which guarantees quarterly coupon payments, re-opens today the 3rd of July 2017. The offer, according to the Debt Management Office (DMO), will remain open for five days till the 7th of July 2017, at the following rates:

  • 2-Year FGN Savings Bond due July 13, 2019: 13.386%
  • 3-Year FGN Savings Bond due July 13, 2020: 14.386%

FEATURES OF THE FGN SAVINGS BOND

  • Tenor: 2 and 3 years
  • Coupon: 13.386% for 2years, 14.386% 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: Tradable on the Nigerian Stock Exchange (NSE)
  • Redemption: Bullet repayment on the maturity date
  • Subsequent Offers: First week of every month
  • Tax on Interest: Interests are tax free
  • Capital Repayment: Guaranteed
  • Settlement Date: July 13th 2017

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 a mandate to subscribe for the FGN Savings Bond to contact@meristemng.com
  • If you do not have a CSCS account, kindly send a mail to contact@meristemng.com with the following details;
    • Passport photograph
    • State of origin
    • Local govt of state of origin
    • Date bank account was opened

Account Name: MERISTEM STOCKBROKERS LIMITED

FIRST BANK

Account Number: 2025196348

GUARANTY TRUST BANK

Account Number: 0149543092

ZENITH BANK

Account Number: 1014048866

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