Lessonnn:


Please is the interest paid upfront or after the duration of the bond?

Kolping:
The interest is paid every quarter (i.e. every 3 months) into your bank account. At the end of the duration of the bond (i.e. the tenor), you are paid the initial amount you put in.

For example, if you subscribe with 1,000,000 Naira for 3 years and the interest rate is 12%, you will be paid 30,000 every three months (=12% of 1,000,000 = 120,000 Naira every year).

Note there are no charges - no VAT, no capital gains tax, no withholding tax - on the interest you are paid. There are also no charges to pay to your stockbroker or the Federal Government in order to subscribe to the FGN Savings Bond.

kryptem:


Please, are you sure about the 10k minimum for FGN BOND? How and where can one access this instrument?

Thanks.

Barrytone:
How market bosses them

Biritiko:

Which market ?
Lol

Kolping:
August 2019 Offer Rate

2-year: 10.301% per annum
3-year: 11.301% per annum

Biritiko:

Why is this rate like this na

Biritiko:
Why is this rate like this na

Kolping:
The interest is paid every quarter (i.e. every 3 months) into your bank account. At the end of the duration of the bond (i.e. the tenor), you are paid the initial amount you put in.

For example, if you subscribe with 1,000,000 Naira for 3 years and the interest rate is 12%, you will be paid 30,000 every three months (=12% of 1,000,000 = 120,000 Naira every year).

Note there are no charges - no VAT, no capital gains tax, no withholding tax - on the interest you are paid . There are also no charges to pay to your stockbroker or the Federal Government in order to subscribe to the FGN Savings Bond.

DaBogu:
Wow am doing this with 100k

Kolping:
Good plan

decargne:
. please I need you my to help me by telling me if 14.20% March 2024 fg bond with price(bid 99.50, offer 102.00) and yield(bid 14.35, offer 13.58) is a good deal. I don't understand the calculations at all. please help me.

Kolping:
October 2019 Offer Rate

2-year: 11.244% per annum
3-year: 12.244% per annum

dapotemi:


Pls, am interested in this, I want to start with 1m, how does it work. What will I get, let say every 3 month. Kindly help break it down. It's my first time.

Kolping:
I would say that any FG Bond with an interest rate above the current inflation rate is ok.

Kolping:
October 2019 Offer Rate

2-year: 11.244% per annum
3-year: 12.244% per annum

titilope07:
Thanks for the update I just completed my registration

Askedi:


please I don't have a stockbroker account how did you go about it.

titilope07:
Thanks for the update I just completed my registration

Cheffy911:
Hello house,
First time subscribing to fgn saving bonds (Oct offer)
When should I expect the msg and how can I monitor my subscription.

Sukueponmalu:
you “might” get a message anytime after settlement date.
You can monitor your subscription on CSCS website by paying N2500 per annum to CSCS .

Cheffy911:


Thank you