Invest as low as N5,000 in FGN Savings Bond & Earn Quarterly Income at 12.39% and 13.39% – Afrinvest

We are pleased to inform you that the FGN Savings Bond auction for November 2018 has commenced and will be auctioned from Monday, November 5th – Friday, November 9th, 2018.

The 2-year FGN Savings Bond due November 14, 2020 and 3-year FGN Savings Bond due November 14, 2021 will be offered at 12.390% and 13.390% per annum respectively. Please see more details below:

TENOR MATURITY RATE
2 Years 14-Nov-20 12.39%
3 Years 14-Nov-21 13.39%

 

Opening Date Monday, November 5th 2018
Closing Date Friday, November 9th, 2018
Settlement Date Wednesday, November 14th, 2018
Coupon Payment Dates February 14, May 14. August 14, November 14

What is the Savings Bond?
The bond is targeted at low income earners to encourage savings and also earn more income (interest) when compared with their savings account with banks.

  • Minimum subscription of N5,000.00 (additional investments in multiples of N1,000) and a maximum of N50,000,000.00.

What are the Benefits of Savings Bond?

  • Interest income from savings bond are tax free,
  • A competitive fixed interest rate to be paid every quarter,
  • The savings bond is considered liquid as it would be tradeable on the Nigerian Stock Exchange,
  • The FGN Savings Bond Certificate can be used as collateral for loan,
  • It offers guaranteed return, and encourages financial inclusion among low income households,
  • It enables individuals to enjoy those benefits which accrue to high net-worth investors in the capital market.

How do I Invest?
Afrinvest Securities Limited is one of the agents designated by the Nigerian Stock Exchange (NSE) to offer this service to their clients. To invest in savings bond through Afrinvest Securities Limited, you would be required to fill the subscription form (and submit KYC documents), also indicating the amount you want to buy.

To indicate your interest interest, kindly send an email to brokerageteam@afrinvest.com

Share this PostFacebooktwittergoogle_pluspinterestlinkedinmail
Connect with UsFacebooktwittergoogle_pluspinterestlinkedin

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Send in Your Business News to BusinessTrumpet News!