The Federal Government of Nigeria Savings Bond (FGNSB) is a government bond backed by the full faith and credit of the Federal Government of Nigeria (FGN), and listed on the Nigerian Stock Exchange. As a licensed stockbroker, FBNQuest Securities is authorised to issue units of this offer to investors.
The November issue of the Federal Government of Nigeria Savings Bond (FGNSB) Offer for Subscription is now available. Applications for fresh issues of the FGNSB are open to be received by the authorised The Debt Management Office (DMO) with the following conditions:
Interest Rate: 12.464%
Interest Rate: 13.464%
*Investors may apply for either or both of these maturities, as preferred.
Opening Date: November 06, 2023
Closing Date: November 10, 2023
Settlement Date: November 15, 2023
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
Payable every quarter with principal repayment at maturity.
Coupon Payment Dates
February 15; May 15; August 15; November 15
The FGNSB is backed by the full faith and credit of the Federal Government of Nigeria (FGN)