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 June 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: 9.205%
*Investors may apply for either or both of these maturities, as preferred.
Opening Date: June 6, 2022
Closing Date: June 10, 2022
Settlement Date: June 15, 2022
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
September 15; December 15; March 15; June 15
The FGNSB is backed by the full faith and credit of the Federal Government of Nigeria (FGN)