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Fgn Savings Bond - Investment - Nairaland

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FG's Savings Bond September Offer Closes 7th September / FGN Savings Bond / Federal Government To Sell N5,000 Savings Bond To Public (2) (3) (4)

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Fgn Savings Bond by ernie4life(m): 9:16am On Mar 02, 2017
Lets talk about FGN saving bonds, its advantages and short comings while also comparing it with other financial products in the market.
Re: Fgn Savings Bond by ernie4life(m): 9:17am On Mar 02, 2017
Introduction Of
FGN SAVINGS Bond
This is to bring to the notice of the public that the Debt Management Office (DMO), on behalf of the Federal Government of Nigeria (FGN), wishes to introduce a retail savings product that will be accessible to all income groups - the FGN Savings Bond.

A. Commencement Date
Offer will be opened on Monday, March 13, 2017 and will run for 5 days.

B. Purpose
 To deepen the national savings culture.
 To provide opportunity to all citizens irrespective of income level to contribute to National Development.
 To enable all citizens participate in and benefit from the favourable returns available in the capital market.
 To diversify funding sources for the Government.

C. Benefits
 Interest income is paid quarterly directly into bond holder’s account.
 The Bond is acceptable as collateral for loans by banks and can be sold for cash in the secondary market before maturity.
 Good for savings towards retirement, marriage, school fees, house projects, etc.
 Safety: backed by the full faith and credit of the Federal Government of Nigeria.

D. Features
 The product will be issued monthly in tenors of 2 and 3 years, with quarterly payment of interest to investors.
 The product will be offered to the investing public through Offer for Subscription at an interest rate to be announced by the DMO.
 The Offer for subscription will be open for 5 days from the date of announcement.
 Minimum subscription amount is N5,000.00 with additions in multiples of N1,000.00, subject to a maximum of N50,000,000.00.
 The Bond is backed by the full faith and credit of the Federal Government of Nigeria.

E. Subscription Mode
Investors are to subscribe through stockbroking firms trading on the floor of The Nigerian Stock Exchange (NSE) and accredited by the DMO to act as Distribution Agents. (Please visit www.dmo.gov.ng for the list of accredited Stockbroking Firms).

F. New Market Structure
In view of this addition to the FGN securities market, the new market structure for the FGN securities market will be as follows:
 FGN Saving Bonds - minimum subscription N5,000.00, maximum N50,000,000.00.
 Nigerian Treasury Bills - minimum subscription N50,001,000.00.
 FGN Bonds - minimum subscription N50,001,000.00.

Please note that the new market structure takes effect from March 6, 2017.


https://www.dmo.gov.ng/fgn-bonds/savings-bond/1949-public-notice-on-the-fgn-savings-bond/file
Re: Fgn Savings Bond by princeuk21(m): 3:09pm On Mar 02, 2017
Minimum amount 5k?
Can it be gotten from banks?
Re: Fgn Savings Bond by ernie4life(m): 3:38pm On Mar 02, 2017
princeuk21:
Minimum amount 5k?

Can it be gotten from banks?

No, am waiting for the second list of approved stock brokers for this bond to be released before I post is here

1 Like

Re: Fgn Savings Bond by ernie4life(m): 8:36am On Mar 06, 2017
List of accredited stockbroking firms that will market and trade the FGN savings bond

1 Afrinvest Securities Limited.
2 Anchoria Investment & Securities Limited
3 Apel Asset Management Limited. Limited.
4 APT Securities & Funds Limited.
5 ARM Securities Limited.
6 Arthur Steven Asset Management Ltd & Investment Limited.
7 Associated Asset Managers Limited.
8 Bestworth Assets & Trust Ltd
9 Calyx Securities limited.
10 Capital Assets Limited.
11 Capital Bancorp PLC.
12 Capital Express Securities Ltd.
13 Cardinal Stone Securities Limited.
14 Cashcraft Securities Limited
15 Cashville Investments & Securities Limited.
16 Century Securities Limited.
17 Chapel Hill Denham Securities Limited.
18 Chartwell Securities Limited.
19 Cordros Securities Limited.
20 Coronation Securities Limited.
21 Core Trust & Investment Ltd.
22 Cowry Securities Limited
23 Crown Capital Limited..
24 CSL Stockbrokers Limited
25 Dunbell Securities Limited.
26 Dunn Loren Merrifield Securities Limited
27 Dynamic Portfolio.
28 EDC Securities Limited
29 Edgefield Capital Management Ltd
30 EFCP Limited.
31 El-Elyon Alliance & Securities Limited.
32 Elixir Securities Limited.
33 Equity Capital Solutions Limited.
34 FBC Trust & Securities Ltd.
35 FBN Securities Limited.
36 FCSL Asset Management
37 Fidelity Securities Limited
38 Financial Trust Company Nigeria
39 Finmal Finance Services Limited
40 First Integrated Capital Management Ltd
41 Foresight Securities
42 Fortress Capital Limited
43 FSDH Securities Ltd.
44 Futureview Securities Limited.
45 Greenwich Securities Limited
46 Growth and Development Asset Management Limited
47 GTI Securities Limited.
48 Harmony Securities Limited.
49 Hedge Securities & Investment Company Limited.
50 Helix Securities Limited.
51 ICMG Securities Limited
52 ICON Stockbrokers.
53 Imperial Asset Managers Limited.
54 Interstate Securities Ltd
55 Kapital Care Trust & Securities Ltd.
56 Kedari Capital Limited
57 Kinley Securities Limited
58 Kofana Securities & Investment Ltd
59 Lead Securities & Investment Limited
60 Longterm Global Capital Limited.
61 Magnartis Finance & Investment Ltd.
62 MBC Securities Limited
63 Mega Equities Limited.
64 Meristem Stockbrokers Limited.
65 Molten Trust Limited
66 Network Capital Limited.
67 Newdevco Investment & Securities Limited
68 Nigerian Stockbrokers Limited.
69 Nigerian International Securities Limited
70 PAC Securities
71 Planet Capital Limited
72 Primera Africa Securities Limited
73 Primewealth Capital Ltd.
74 Pyramid Securities Limited.
75 Qualinvest Capital Limited.
76 Readings Investments Ltd.
77 Regency Assets Management Limited.
78 Reward Investments & Services Ltd.
79 Securities Africa Financial Limited.
80 SFC Securities Limited.
81 Sigma Securities Limited.
82 Signet Investment & Securities Ltd.
83 SMADAC Securities Limited
84 Solid-Rock Securities & Investment PLC.
85 Springboard Trust & Investment Limited
86 Stanbic IBTC Stockbrokers.
87 TFS Securities & Investment Company
88 Tiddo Securities Limited.
89 Trade Link Securities Limited.
90 Trust Yields Securities Limited.
91 Trusthouse Investments Limited.
92 Tyndale Securities Limited.
93 Union Capital Markets Limited.
94 United Capital Securities Limited
95 Valueline Securities & Investments Ltd.
96 Vetiva Securities Limited.
97 Woodland Capital Markets Plc.
98 WSTC Financial Services Limited.
Re: Fgn Savings Bond by princeuk21(m): 9:06pm On Mar 11, 2017
ernie4life:


No, am waiting for the second list of approved stock brokers for this bond to be released before I post is here
ok
Re: Fgn Savings Bond by Paramount01(m): 6:57am On Mar 12, 2017
Are these stock brokers all over the country
Re: Fgn Savings Bond by Ojix85: 8:32am On Mar 13, 2017
Got this from ARM over the weekend.

Let's see how true / correct ARM is

Re: Fgn Savings Bond by eanestca(m): 9:13am On Mar 13, 2017
Paramount01:
Are these stock brokers all over the country

I think they should, try their websites
Re: Fgn Savings Bond by ozome15(m): 10:23am On Mar 13, 2017
Please I need cleared about something, if buy 5k own and now litter want to add more money is possible
Re: Fgn Savings Bond by ernie4life(m): 10:58am On Mar 13, 2017
ozome15:
Please I need cleared about something, if buy 5k own and now litter want to add more money is possible
Yes you can add in multiples of 1000.
Re: Fgn Savings Bond by ernie4life(m): 11:01am On Mar 13, 2017
Hello all, the coupon rate is out.

It's 13.01% for 2years.


If you ask me it's not fantastic considering I can much from Tbills and mutual funds but then am not surprised because the main motive behind this savings bond is to raise cheap funds.

1 Like

Re: Fgn Savings Bond by billahfia: 8:18pm On Mar 24, 2017
Remember you don't pay taxes on bonds. Compare with treasury bills after deducting tax
Re: Fgn Savings Bond by ernie4life(m): 10:49pm On Mar 24, 2017
billahfia:
Remember you don't pay taxes on bonds. Compare with treasury bills after deducting tax

Treasury bills don't deduct tax either
Re: Fgn Savings Bond by 0955eb027(m): 3:13am On Mar 25, 2017
Treasury bills aint for us anymore o.
Its now targeted at those with huge funds.
The reason savings bond is introduced.
Re: Fgn Savings Bond by mercifull(f): 3:43pm On Jun 06, 2017
ernie4life:
List of accredited stockbroking firms that will market and trade the FGN savings bond

1 Afrinvest Securities Limited.
2 Anchoria Investment & Securities Limited
3 Apel Asset Management Limited. Limited.
4 APT Securities & Funds Limited.
5 ARM Securities Limited.
6 Arthur Steven Asset Management Ltd & Investment Limited.
7 Associated Asset Managers Limited.
8 Bestworth Assets & Trust Ltd
9 Calyx Securities limited.
10 Capital Assets Limited.
11 Capital Bancorp PLC.
12 Capital Express Securities Ltd.
13 Cardinal Stone Securities Limited.
14 Cashcraft Securities Limited
15 Cashville Investments & Securities Limited.
16 Century Securities Limited.
17 Chapel Hill Denham Securities Limited.
18 Chartwell Securities Limited.
19 Cordros Securities Limited.
20 Coronation Securities Limited.
21 Core Trust & Investment Ltd.
22 Cowry Securities Limited
23 Crown Capital Limited..
24 CSL Stockbrokers Limited
25 Dunbell Securities Limited.
26 Dunn Loren Merrifield Securities Limited
27 Dynamic Portfolio.
28 EDC Securities Limited
29 Edgefield Capital Management Ltd
30 EFCP Limited.
31 El-Elyon Alliance & Securities Limited.
32 Elixir Securities Limited.
33 Equity Capital Solutions Limited.
34 FBC Trust & Securities Ltd.
35 FBN Securities Limited.
36 FCSL Asset Management
37 Fidelity Securities Limited
38 Financial Trust Company Nigeria
39 Finmal Finance Services Limited
40 First Integrated Capital Management Ltd
41 Foresight Securities
42 Fortress Capital Limited
43 FSDH Securities Ltd.
44 Futureview Securities Limited.
45 Greenwich Securities Limited
46 Growth and Development Asset Management Limited
47 GTI Securities Limited.
48 Harmony Securities Limited.
49 Hedge Securities & Investment Company Limited.
50 Helix Securities Limited.
51 ICMG Securities Limited
52 ICON Stockbrokers.
53 Imperial Asset Managers Limited.
54 Interstate Securities Ltd
55 Kapital Care Trust & Securities Ltd.
56 Kedari Capital Limited
57 Kinley Securities Limited
58 Kofana Securities & Investment Ltd
59 Lead Securities & Investment Limited
60 Longterm Global Capital Limited.
61 Magnartis Finance & Investment Ltd.
62 MBC Securities Limited
63 Mega Equities Limited.
64 Meristem Stockbrokers Limited.
65 Molten Trust Limited
66 Network Capital Limited.
67 Newdevco Investment & Securities Limited
68 Nigerian Stockbrokers Limited.
69 Nigerian International Securities Limited
70 PAC Securities
71 Planet Capital Limited
72 Primera Africa Securities Limited
73 Primewealth Capital Ltd.
74 Pyramid Securities Limited.
75 Qualinvest Capital Limited.
76 Readings Investments Ltd.
77 Regency Assets Management Limited.
78 Reward Investments & Services Ltd.
79 Securities Africa Financial Limited.
80 SFC Securities Limited.
81 Sigma Securities Limited.
82 Signet Investment & Securities Ltd.
83 SMADAC Securities Limited
84 Solid-Rock Securities & Investment PLC.
85 Springboard Trust & Investment Limited
86 Stanbic IBTC Stockbrokers.
87 TFS Securities & Investment Company
88 Tiddo Securities Limited.
89 Trade Link Securities Limited.
90 Trust Yields Securities Limited.
91 Trusthouse Investments Limited.
92 Tyndale Securities Limited.
93 Union Capital Markets Limited.
94 United Capital Securities Limited
95 Valueline Securities & Investments Ltd.
96 Vetiva Securities Limited.
97 Woodland Capital Markets Plc.
98 WSTC Financial Services Limited.








what of Morgan capital?I opened account with them some time ago

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