S/N

Subject

Features

1

Type of Investment

Fixed income investment where your capital and interest are guaranteed

2

Interest Rate

Interest payments are tax exempt.

3

Tenor

2 years and 3 years respectively

4

Annual Coupon

Coupon Rate (2 – Year Savings Bond): 9.070% per annum

Coupon Rate (3 – Year Savings Bond): 10.070% per annum

5

Relevant Dates

Opening Date: Monday, 3rd July, 2023

Closing Date: Friday, 7th July, 2023

Settlement Date: Wednesday, 12th July, 2023

6

Maturity

2 – Year FGN Savings Bond due 12 July, 2025

3 – Year FGN Savings Bond due 12 July, 2026

7

Coupon/Interest Payment

Coupons will be paid quarterly (every 3 months) in arrears while the principal will be paid at maturity together with the last coupon.

8

Coupon Payment Date

October 12th, January 12th, April 12th, July 12th

9

Transfer and Custody Agent

Central Securities Clearing System (CSCS)

10

Settlement

Bond holders will have their holdings credited into their CSCS account

11

Subscription Amount

Minimum of N5,000 plus multiples of N1,000 and maximum of N50,000,000.00

12

 Subscription Tenor

The offer shall be open to investors for 5 days including the day the offer is announced and the date of closure

13

Listing

The FGN Savings Bond will be listed and is traded on The Nigerian Stock Exchange (NSE).

14

Auction and Frequency of Issuance

The auction opened on Monday, 3rd July 2023, and will close on Friday, 7th July, 2023.

15

Collateral

Can be used as collateral to access loans from banks

16

Safety

The FGN Savings Bond is backed by the full faith of the Federal Government

17

 Subscription Mode

Investors are to subscribe through Stockbroking firms accredited by the DMO to act as Distribution Agents (DAs). (Futureview Securities Limited is one of the DMO accredited Stockbroking firms).