LISTING OF FGN SAVINGS BONDS FOR SEPTEMBER 2024
1. Purpose of the Bulletin: This bulletin serves to notify Trading Licence Holders of the listing of the Federal Government of Nigeria (FGN) Savings Bonds for September 2024 on the Nigerian Exchange Limited (NGX).
2. Details of the Bonds Listed: Two bonds were listed for September 2024, with the following details:
Bond 1: Symbol Name: 17.202% FGS SEP 2026
Amount Issued: ₦843,581,000
Units Issued: 843,581
Coupon Rate: 17.202%
Symbol Code: FGS202673
ISIN (International Securities Identification Number): NGFGS2026733
Tenor: 2 years
Issue Date: 11th September 2024
Maturity Date: 11th September 2026
Bond 2:
Symbol Name: 18.202% FGS SEP 2027
Amount Issued: ₦2,748,666,000
Units Issued: 2,748,666
Coupon Rate: 18.202%
Symbol Code: FGS202774
ISIN: NGFGS2027749
Tenor: 3 years
Issue Date: 11th September 2024
Maturity Date: 11th September 2027
3. Coupon Payment Dates: Coupon payments for both bonds will be made on the following dates each year:
11th December
11th March
11th June
11th September
4. Summary: The FGN Savings Bonds are part of the Nigerian government’s effort to encourage savings among citizens while providing them with a stable investment vehicle.
The bonds offer attractive coupon rates of 17.202% for the 2-year bond and 18.202% for the 3-year bond, making them an appealing option for risk-averse investors looking for government-backed securities.
This listing provides investors with another opportunity to purchase secure, interest-yielding instruments issued by the government, and the bonds are expected to generate stable returns over the next two to three years.
1. Purpose of the Bulletin: This bulletin serves to notify Trading Licence Holders of the listing of the Federal Government of Nigeria (FGN) Savings Bonds for September 2024 on the Nigerian Exchange Limited (NGX).
2. Details of the Bonds Listed: Two bonds were listed for September 2024, with the following details:
Bond 1: Symbol Name: 17.202% FGS SEP 2026
Amount Issued: ₦843,581,000
Units Issued: 843,581
Coupon Rate: 17.202%
Symbol Code: FGS202673
ISIN (International Securities Identification Number): NGFGS2026733
Tenor: 2 years
Issue Date: 11th September 2024
Maturity Date: 11th September 2026
Bond 2:
Symbol Name: 18.202% FGS SEP 2027
Amount Issued: ₦2,748,666,000
Units Issued: 2,748,666
Coupon Rate: 18.202%
Symbol Code: FGS202774
ISIN: NGFGS2027749
Tenor: 3 years
Issue Date: 11th September 2024
Maturity Date: 11th September 2027
3. Coupon Payment Dates: Coupon payments for both bonds will be made on the following dates each year:
11th December
11th March
11th June
11th September
4. Summary: The FGN Savings Bonds are part of the Nigerian government’s effort to encourage savings among citizens while providing them with a stable investment vehicle.
The bonds offer attractive coupon rates of 17.202% for the 2-year bond and 18.202% for the 3-year bond, making them an appealing option for risk-averse investors looking for government-backed securities.
This listing provides investors with another opportunity to purchase secure, interest-yielding instruments issued by the government, and the bonds are expected to generate stable returns over the next two to three years.