Fed Govt launches second tranche of savings bond

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 authorised distribution agents for the FGNSB, stated that mobilisation has started for the second tranche, after the successful listing of the first tranche at the Nigerian Stock Exchange (NSE) last week.

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.

leave a reply