Arm Securities Limited has urged investors to take advantage of Federal Government’s ongoing auction of savings’ bonds to reap from the mouth-watering earning opportunities that the debt instrument provides.
The company reminded investors of the Federal Government’s Treasury Bill’s auction on Wednesday September 13th, 2017; and the savings’ bonds, which opened on Monday, September 11th.
In a message to its diversified clients titled: “participate in the T-Bills and FGN Bond auctions”, the company reminded stakeholders and prospective investors to key into the FGN’s savings bond auction, which closes on Friday, September 15, 2017, and the upcoming Treasury Bills primary auction scheduled for Wednesday, September 13, 2017.
The bond is being auctioned at the rates, which Arms Securities recalled, include a 2-year FGN savings’ bond at 13.817 per cent coupon per annum and a 3-year FGN savings’ bond at 14.817 per cent per annum.
To participate in these auctions Arms counselled prospective investors to ensure funding of their accounts billed to have been confirmed on or before Tuesday 5.00pm September 12, 2017 for the T-bills auction. For the FGN Savings Bond auction, the company said that confirmation is slated for today Thursday, September 14, 2017 on or before 5.00pm.
Bonny Amadi
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