Introduction
DLM’s securities trading is licensed by the securities & exchange commission as a broker/dealer and registered by the Nigerian Stock Exchange as Market Maker and broker/dealer. We are also dealing member of the Financial Market Dealers Quotation (FMDQ) and also the National Association of Securities Dealers (NASD)
Equity Market Brief
The equities market on the floor of the Nigeria Stock Exchange (NGX) closed positive for the week, the All-Share Index (ASI) gained by 0.15% to end the week at 52,109.43 points, bringing the Year-to-Date return to 1.83%. Activity level strengthened as volume and value traded upward to 584.7 units and ₦6.6b respectively.
What We Pride In
DLM Securities is in a fixed income and equities market maker of the Nigerian Stock Exchange, we pride ourselves in providing proactive solutions that help shape execution strategies”. The sales & trading team at DLM Capital Group works across a broad range of asset classes that aims to generate superior returns for our clients.
What We Offer
Equities Trading
We offer a range of trading services to individuals and institutional clients that include executing a trade-in listed equities on the NSE and unlisted equities on the NASD (OTC platform) as well as consummating block trade transactions.
Fixed Income Trading
At DLM Securities and Trading, we facilitate trading in Federal Government bonds in the primary market through auctions and in the secondary market. Our Fixed Income traders bring their expertise to every transaction dealing to provide seamless execution.
Client Overview
Our client base already includes prominent institutional clients such as PFAs, insurance companies, commercial and mortgage banks, asset managers, and government agencies as they turn to DLM’s depth of talent and product range for sales and market-making services.
- The firm’s institutional equity division is a leader in the distribution and secondary trading of equities, equity-linked products.
- The Fixed Income team deals with incredibly diverse products, including Sovereign and Sub Sovereign Bonds, Treasury Bills, Commercial Papers, Bankers’ Acceptances, Corporate Bonds, Asset-Backed Securities (ABS).
- We also list new issuances on the NSE, FMDQ, NASD
FEDERAL GOVERNMENT SAVINGS BOND
WHAT ARE THE FEATURES OF THE FGN SAVINGS BOND?
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The FGNSB is issued monthly in tenors of 2 and 3 years.
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Interest will be paid to investors every quarter.
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The FGNSB is offered to investors through Offer for Subscription at an interest rate announced by the DMO.
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The Offer for subscription will be open for 5 days from the date of announcement.
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There will be no fees or charges for subscriptions.
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The accounts of investors in the Central Securities Clearing System (CSCS) will be credited and text alerts will be sent to investors on Settlement Day.
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The FGNSB is listed on The Nigerian Stock Exchange and it can be sold before maturity by investors.
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The Bond is backed by the full faith and credit of the Federal Government of Nigeria.
THE BENEFITS OF FGN SAVINGS BOND
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Interest income, which is exempted from tax, is paid into the bond-holder’s account every quarter.
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Investment in the FGNSB is a risk-free investment because it is backed by the full faith and credit of the Federal Government of Nigeria
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The FGNSB is a good instrument for saving towards retirement, marriage, school fees, housing projects etc.
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The Offer for subscription will be open for 5 days from the date of announcement.
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The bond can be sold in the secondary market whenever investors need cash.
Payment can be made into the account stated below:
| Account No: 0142515924
Bank Name: GT Bank Account Name: DLMS/NASD SETTLEMENT * Kindly note that the cut-off time for submission of forms is 2:00 pm Friday, April. 2023. |
SUMMARY OF THE OFFER
| TENOR | 2 Years & 3 years |
| INTEREST RATE | 10.032% per annum and 11.032% per annum respectively |
| INTEREST PAYMENT | July 12, October 12, January 12 & April 12 |
| UNIT OF SALE | ₦1,000 per Unit |
| MINIMUM SUBSCRIPTION | ₦5,000 in Multiples of ₦1,000 |
| MAXIMUM SUBSCRIPTION | ₦50,000,000 |
| SUBSCRIPTION AGENT | DLM Securities Ltd |
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