Business

Federal Government Saving Bond 2023 Begins – How to Subscribe Now

Published

1 year ago

Tuesday, 7 February 2023, 5:40

The Debt Management Office (DMO) on behalf of the Federal Government of Nigeria has announced the February edition of the FGN Savings Bond (FGNSB).

The February 2023 offer to subscribe opens on Monday, February 6″, 2023 and closes on Friday, February 10°”, 2023.

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Chapel Hill Denham Securities Limited is an accredited Distribution Agent designated to offer the FGNSB to investors.

SUMMARY OF THE OFFER

ISSUER	Federal Government of Nigeria
THE OFFER	Offer For Subscription of FGN Savings Bond due February 15, 2025 & February 15, 2026
TENOR	2 Years & 3 Years
INTEREST RATE	10.043% & 11.043% Annually
INTEREST PAYMENT	Payable Quarterly
REDEMPTION	Bullet repayment at maturity date
UNIT OF SALE	₦1,000 per Unit
MINIMUM SUBSCRIPTION	₦5,000 in Multiples of ₦1,000
MAXIMUM SUBSCRIPTION	₦50,000,000
OPENING DATE	February 6^th, 2023
CLOSING DATE	February 10^th, 2023
SETTLEMENT DATE	February 15^th, 2023
COUPON PAYMENT DATE:	May 15, August 15, November 15, February 15
SECURITY	The Bond is backed by the full faith and credit of the Federal Government of Nigeria
LISTING	Nigerian Exchange Limited (NGX)
SUBSCRIPTION AGENT	Chapel Hill Denham Securities Limited (CHDS)

For subscription, please click here and log in with your email and password as used on the Primary Offer portal. For new customers, please create an account using your BVN and DOB.

After a successful purchase, a receipt will be sent to your registered email address and the bond credited to your registered CHDS CSCS account in a minimum of 30 days after the settlement date.

For further information, contact us on 0700 CHAPEL HILL (0700 2427354455) – 9AM-5PM Monday to Friday