Bills and Bonds in April 2017

April 3, 2017/ARM Securities

The next auction for the FGN Savings Bond is on Monday April 3,2017 to Friday the 7th of April 2017 and that for Treasury Bills  is on Wednesday, April 5, 2017.

To Participate in the Upcoming FGN Savings Bond Auction

Download the Subscription Form from this link here.

S/N

Subject

Features

1

Interest Rate

Coupon rate for the next auction will be circulated when advised by the DMO.

3

Tenor2 or 3 years

6

Opening Date

April 3, 2017

7

Closing DateApril 7, 2017

8

Settlement DateApril 12, 2017

HOW TO INVEST IN THE FGN SAVINGS BOND

  1. Ensure you have a CSCS Account Number.
  2. Print/download and carefully fill the portions of the FGN Savings Bond application form relevant to you.
  3. Transfer the amount you intend to invest into the following bank account detailed below:

Bank Details. Account Name:

ARM Securities Ltd

GTB

UBA

Zenith

Diamond

0002962204

1015290060

1011558489

0001983873

Please note that we do not accept cash payment.

Submit the completed form to ARM Securities at customerservice@armsecurities.com.ng (or office drop-off) before the close of business on Thursday April 6, 2017.

To Participate in the Upcoming T-bills Auction

The Central Bank of Nigeria (CBN) is scheduled to hold Treasury Bills (T-Bills) Primary Auction on Wednesday, April 5, 2017 with respective details below.

To participate in this auction kindly ensure your account is funded and the form below completed on or before 5.00pm on Tuesday, April 4, 2017.

TenurePlanned Size (Billion Naira)Indicative Rates (%)
91 DaysN28.12 Billion13.0 – 13.30
182 DaysN23.68 Billion16.0 – 16.80
364 DaysN83.17 Billion17.5 – 18.20

Please note that the form in download link below can be used for both primary and secondary market transactions

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