Bonds Rate

These are long term financial obligations of an entity that promises to pay a specified sum of money at a specified future date. They are referred to as fixed income securities because they pay a specified amount called Coupon periodically (twice a year) until the maturity of the instruments.
The main issuers of bonds in our market are Federal Government and State Governments. We expect corporate bonds issuance to commence in the year 2007.

In order to drive the volumes and activity in the FGN Bonds market, after a rigorous interview process, 10 banks and 5 Discount Houses including our institution were appointed Primary Dealers/Market Makers.

We are ready at all times to do the following
• Make prices on all FGN Bonds
• Buy and sell bonds
• Show a bid and offer price on these bonds.

Ability to do the above ensures that FGN Bonds remain liquid and attractive to you, our investors

Benefits
• Excellent returns
• Sovereign Guarantee (Nigeria’s international rating is currently BB-)
• No risk to amount invested
• Ability to sell in the secondary market before maturity.
• Minimum amount N100,000.

Indicative Quote on FGN Bond - 

For more Information contact :
Call 234-01-2665077 or email folashade.olasiyan@firstcitygroup.com
Call 234-01-2641299 or email gerald.ikem@firstcitygroup.com
Call 234-01-2665944 or email bukola.smith@firstcitygroup.com