FG begins second tranche of savings bond

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The Federal Government has opened application for subscription to the second tranche of its Federal Government of Nigeria Savings Bond (FGNSB). The application list for the second tranche will run till close of business on Friday, April 7, 2017.

GTI Securities Limited, one of the authorized distribution agents for the FGNSB, revealed that mobilization has started for the second tranche, after the successful listing of the first tranche at the Nigerian Stock Exchange (NSE) last week.

Amehnews recalls that the Federal Government had listed the maiden tranche of the FGNSB on the NSE with a promise that the government would continue to issue the savings bond as a regular instrument in the Nigerian capital market.

In the maiden offer of the FGNSB which ran between March 13 and March 17, 2017, total number of subscription was 2,577 bids with total size of N2.067 billion.

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