Subscription Offer for FGN Savings Bond - August, 2018

Aug 6 at 11:44 AM

Dear Valued Client, Kindly note that the FGN Savings Bond for August 2018 opened today. Details are as highlighted below.     ISSUANCE        MATURITY 2 Year FGN Savings Bond August 15, 2020: Coupon  10.67% per annum  3 Year FGN Savings Bond August 15, 2021: Coupon 11.67% per annum   Opening Date Monday, August 6, 2018 Closing Date Friday, August 10, 2018 Settlement Date Wednesday, August 15, 2018 (this is the date the bonds will be credited into your CSCS Account domiciled with your broker). Units of Sale N1,000 per unit subject to a minimum subscription of N5,000  and in multiples of N1,000 thereafter, subject to a maximum subscription of N50,000,000. Interest Payment Quarterly (Coupon rate divided by 4)  Redemption Bullet payment on the maturity date  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 favorable returns available in the capital market. To diversify funding sources for the Government.  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.  Liquidity The Bond will be listed on the Nigeria Stock Exchange for trading and provides liquidity for investors who want to exit before maturity.  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).   GTI Securities is one of the authorized Distribution Agents of the Federal Government Savings Bond.  How to Invest Please download and complete the FGN Savings Bond Subscription form by clicking here Duly completed subscription form should be submitted at our office or scan and email to headoffice@gti.com.ng and make payment into our accounts stated below.   Account Name: GTI Securities Ltd Skye Bank                                                                                                                                          Account Number: 4010004109   Sort Code: 076152319 Sterling Bank Account Number: 0009883355 Sort Code: 232150207   On settlement date, CSCS will credit investor's account with volume of bonds purchased.    Click here for Frequently Ask Questions on FG Savings Bond.     For further information, please contact;   Harriet Ogirri on 0815-996-6708, Benjamin Asiotu on 01-277-2482 and Onyinyechi Ukonu on 01-277-2481. Or send an email to;   prospectiveclients@gti.com.ng  or Headoffice@gti.com.ng  DISCLAIMER: This report by GTI Securities Ltd is for information purposes only. While opinions and estimates therein have been carefully prepared, the company and its employees do not guarantee the complete accuracy of the information contained herewith as information was also gathered from various sources believed to be reliable and accurate at the time of this report. We do not take responsibility therefore for any loss arising from the use of the information. © GTI Research GTI HOUSE, Central Business District | Marina, Lagos 100020 | Nigeria