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FGN Savings Bond - Investment (2) - 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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Re: FGN Savings Bond by IHelp: 4:11pm On Nov 10, 2017
moemindz:
Please advice.

My stockbroker submitted my bid form without a cscs account number, because it haseems not been generated yet.

Also, am I supposed to get a bond certificate or just monitor my cscs account (according to them would soon be open) as they told me.

I dont think it will go through without the cscs account.
Maybe they are sure the account will be opened before they submit to DMO.
OR
They can buy and sell back to you through the secondary market when the account is opened.
Re: FGN Savings Bond by karlboss: 5:27am On Nov 11, 2017
F
Re: FGN Savings Bond by IHelp: 6:42am On Dec 04, 2017
December offer rate

The rate reduced by 0.353

2years - 11.738% per annum
3years - 12.738% per annum

http://dmo.gov.ng/fgn-bonds/savings-bond/2270-december-2017-fgn-savings-bond-offer-for-subscription

1 Like

Re: FGN Savings Bond by Kolping: 5:05pm On Jan 03, 2018
Hi All,

Any idea when the January 2018 Offer will begin
Re: FGN Savings Bond by IHelp: 7:28am On Jan 06, 2018
Kolping:
Hi All,

Any idea when the January 2018 Offer will begin

I think it will be from Monday
Re: FGN Savings Bond by Kolping: 8:04pm On Jan 06, 2018
I'm not so sure. I've been checking the DMO website for dates but nothing so far.
IHelp:


I think it will be from Monday
Re: FGN Savings Bond by IHelp: 4:42pm On Jan 08, 2018
Kolping:
I'm not so sure. I've been checking the DMO website for dates but nothing so far.

January offer rate

The rate reduced by 0.64

2years - 11.098% per annum
3years - 12.098% per annum

http://dmo.gov.ng/fgn-bonds/savings-bond/2306-january-2018-fgn-savings-bond-offer-for-subscription

Re: FGN Savings Bond by Kolping: 5:48pm On Jan 08, 2018
Thanks.
IHelp:


January offer rate

The rate reduced by 0.64

2years - 11.098% per annum
3years - 12.098% per annum

http://dmo.gov.ng/fgn-bonds/savings-bond/2306-january-2018-fgn-savings-bond-offer-for-subscription
Re: FGN Savings Bond by NL1960: 11:13am On Jan 10, 2018
following.
Re: FGN Savings Bond by mavinc4u(f): 9:48am On Jan 11, 2018
IHelp:


January offer rate

The rate reduced by 0.64

2years - 11.098% per annum
3years - 12.098% per annum

http://dmo.gov.ng/fgn-bonds/savings-bond/2306-january-2018-fgn-savings-bond-offer-for-subscription

please how exactly is it calculated? is the 11% interest for 2years paid every quarterly like one gets 11% of money deposited 4 times every year or how is it done?
Re: FGN Savings Bond by IHelp: 10:36am On Jan 11, 2018
mavinc4u:


please how exactly is it calculated? is the 11% interest for 2years paid every quarterly like one gets 11% of money deposited 4 times every year or how is it done?


The rate is per annum.
Assuming the rate for 2years is 10% and you invest 1,000,000
1year = 100,000
2years = 100,000×2
quartely =100,000÷4
You will get 25,000 per quarter for the period of 2years (25,000×cool and your capital at the end of the tenor

1 Like

Re: FGN Savings Bond by mavinc4u(f): 10:52am On Jan 11, 2018
IHelp:


The rate is per annum.
Assuming the rate for 2years is 10% and you invest 1,000,000
1year = 100,000
2years = 100,000×2
quartely =100,000÷4
You will get 25,000 per quarter for the period of 2years (25,000×cool and your capital at the end of the tenor

Almost same as treasury bill calculation. thanks
Re: FGN Savings Bond by Nobody: 11:48am On Jan 11, 2018
Confirm that this bond is traded every month
Re: FGN Savings Bond by IHelp: 11:55am On Jan 11, 2018
GODAKPAN:
Confirm that this bond is traded every month


Yes. Every month
Re: FGN Savings Bond by SamReinvented: 10:38pm On Jan 13, 2018
Hello everyone.

Please is there an active thread for the normal FGN bond? I want to invest in the normal bond, not savings bond.

1 Like

Re: FGN Savings Bond by mercifull(f): 6:30pm On Feb 02, 2018
Hello.Hello . please has anyone invested in this using investment -one financial services? How can one know if the bond was bought?is there a certificate or any document that shows the investment ?I invested in the January FGNSB. I've sent mails to customer care over 2 weeks ago,no reply.
Re: FGN Savings Bond by IHelp: 9:34pm On Feb 02, 2018
SamReinvented:
Hello everyone.

Please is there an active thread for the normal FGN bond? I want to invest in the normal bond, not savings bond.

Not aware of any. Though there are some threads where questions about bonds was asked.
Eg
https://www.nairaland.com/2236356/investing-federal-government-bonds-nigeria
Re: FGN Savings Bond by IHelp: 9:42pm On Feb 02, 2018
mercifull:
Hello.Hello . please has anyone invested in this using investment -one financial services? How can one know if the bond was bought?is there a certificate or any document that shows the investment ?I invested in the January FGNSB. I've sent mails to customer care over 2 weeks ago,no reply.

You will receive a message like this(below) from X-Alert
Dear "YOUR NAME" .... units of FGS202121 has be credited to your A/C ....... "NAME OF BROKER"

Also if you subscribed to CSCS, all your stocks and bonds will be listed in your account.
Re: FGN Savings Bond by IHelp: 6:51am On Feb 05, 2018
February 2018 offer rate

The rate continued to reduce.
This month the rate reduced by 0.821

2years - 10.277% per annum
3years - 11.277% per annum

http://dmo.gov.ng/fgn-bonds/savings-bond/2335-february-2018-fgn-savings-bond-offer-for-subscription/file

Re: FGN Savings Bond by IHelp: 11:00am On Mar 05, 2018
March 2018 offer rate

This month the rate increased by 0.469

2years - 10.746% per annum
3years - 11.746% per annum

http://dmo.gov.ng/fgn-bonds/savings-bond/2363-march-2018-fgn-savings-bond-offer-for-subscription/file

Re: FGN Savings Bond by IHelp: 9:34am On Apr 03, 2018
2018 savings bond calendar

Re: FGN Savings Bond by IHelp: 10:14am On Apr 09, 2018
April 2018 offer rate

This month the rate increased by 0.004

2years - 10.75% per annum
3years - 11.75% per annum

1 Like

Re: FGN Savings Bond by Kolping: 5:51pm On Apr 17, 2018
Deleted
Re: FGN Savings Bond by Kolping: 7:32pm On Apr 25, 2018
@mercifull
Smart woman for investing. I hope you were able to confirm your purchase.

mercifull:
Hello.Hello . please has anyone invested in this using investment -one financial services? How can one know if the bond was bought?is there a certificate or any document that shows the investment ?I invested in the January FGNSB. I've sent mails to customer care over 2 weeks ago,no reply.
Re: FGN Savings Bond by emma1983: 1:26pm On Apr 26, 2018
Pls how do one begin.
Re: FGN Savings Bond by Kolping: 1:53pm On Apr 26, 2018
Start by opening an account with a stockbroker, then check the dates for the next bid here -
http://www.dmo.gov.ng/fgn-bonds/savings-bond

emma1983:
Pls how do one begin.
Re: FGN Savings Bond by IHelp: 8:24am On May 07, 2018
May 2018 offer rate

This month the rate reduced by 1.27

2years - 9.48% per annum
3years - 10.48% per annum

Re: FGN Savings Bond by moemindz: 5:06pm On May 07, 2018
Someone kindly assist with possible reasons the rates are reducing steadily
Re: FGN Savings Bond by IHelp: 6:55pm On May 07, 2018
moemindz:
Someone kindly assist with possible reasons the rates are reducing steadily

Government is generating more money now as price of oil is increasing.
Government also got cheaper rate from the Euro bond and now need less local fund.

.....When you desperately need something you tend to pay higher unlike when you are not.

2 Likes

Re: FGN Savings Bond by Ugosample(m): 8:23am On May 27, 2018
I got my eyes on the June rates.
Re: FGN Savings Bond by Kolping: 8:28pm On May 30, 2018
You're not the only one...counting down to Friday or maybe Monday next week.


Ugosample:
I got my eyes on the June rates.

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