House,

Can anyone provide information regarding CBN Open Market Operations and CBN Bills.

1. How do these instruments work?

2. Can Individuals purchase these securities utilizing instructions sent to their banks? (same method with Treasury Bill auctions)

3. What is the minimum requirement amounts?

4. When are the offer dates (schedule of upcoming auctions)

5. Is interest paid upfront or at maturity?

Morning All,
Was there a bid yesterday and what are they rates?

T-BILL AUCTION DATE: 17-Jun-15
NGN T-Bill Auction Result


TENOR MATURITY AMOUNTS SOLD CUT OFF [Yield] BID/COVER PREV DISC (Yield)
91 DY 17-Sep-15 NGN 26.30B 10.00% (10.26%) 1.01 9.7999% (10.04%)
182 DY 17-Dec-15 NGN 25.00B 12.70% (13.56%) 1.31 12.70% (13.56%)
364 DY 16-Jun-16 NGN 92.34B 12.80% (14.67%) 2.34 12.9999% (14.94%)

NGN BOND AUCTION RESULT
NGN BOND AUCTION DATE : 17-June-15

FGN BOND AMOUNT SOLD CUT OFF RANGE OF BIDS BID/COVER PREV. CUTT OFF
5YR 15.54% FGN FEB 2020 NGN 40 B 14.4290% 13.0000% - 14.8990% 1.26 13.8450%
10YR 14.20% FGN MAR 2024 NGN 15.22 B 13.5000% 12.0000% - 15.5999% 2.39 13.4800%
20YR 12.1493% FGN JUL 2034 NGN 25 B 14.2490% 13.4945% - 15.9000% 1.76 13.8800%

WOOW! THE INTEREST IS COMING BACK UP! HEADING TO MY BANK ASAP TO TERMINATE MY 91DAYS TBILL THAT WILL MATURE ON 9TH JULY TO LOCK IT 1YR.....

pipz:
T-BILL AUCTION DATE: 17-Jun-15
NGN T-Bill Auction Result


TENOR MATURITY AMOUNTS SOLD CUT OFF [Yield] BID/COVER PREV DISC (Yield)
91 DY 17-Sep-15 NGN 26.30B 10.00% (10.26%) 1.01 9.7999% (10.04%)
182 DY 17-Dec-15 NGN 25.00B 12.70% (13.56%) 1.31 12.70% (13.56%)
364 DY 16-Jun-16 NGN 92.34B 12.80% (14.67%) 2.34 12.9999% (14.94%)

Thanks

bouncino:

Thanks

hmmmm

Good day every1. I learnt abt T.bills frm dis forum. I m still a novice and need some clarifications. When i buy d T.bills, do i just fold my arms and wait or do i hv to do any form of follow up?Am i d one to do d bidding? Do i agree wt whatever percentage d bank tells me? I m kinda torn btwn using diamond bank and gtb, any advice?
I ll really appreciate answers to my questions. Thank u.

i know it will rise. judging from 2010 to 2012 stats, yield were 18 to 22 percent.

Thanks dude,

info gotten from this forum has helped me alot.

got to go bidding again.............

tchiwinnie:
Good day every1. I learnt abt T.bills frm dis forum. I m still a novice and need some clarifications. When i buy d T.bills, do i just fold my arms and wait or do i hv to do any form of follow up?Am i d one to do d bidding? Do i agree wt whatever percentage d bank tells me? I m kinda torn btwn using diamond bank and gtb, any advice?
I ll really appreciate answers to my questions. Thank u.

YES! ONCE YOU'VE REGISTERED FOR THE T.BILLS AND YOUR BID IS SUCCESSFUL WITH PROOF OF INVESTMENT GIVEN TO YOU FROM YOUR CHOSEN BANK, YOU DON'T HAVE TO DO ANYTHING ELSE- EXCEPT TAKING NOTE OF WHEN IT WILL MATURE.
SECONDLY, DEPENDING ON THE INVESTMENT HOUSE OR BANK USED AND AS A NOVICE, IT IS ADVISABLE TO GO WITH THE BANK RATE AT LEAST FOR NOW..... TILL YO GAIN MORE EXPERIENCE ON IT. BUT SOME SOME BANKS, LIKE FBN THAT I HAVE USED TWICE DOESN'T ACCEPT INDIVIDUAL BIDDING. THEY HAVE TO DO THE BIDDING ON BEHALF OF THE CUSTOMERS. AND I MUST TELL YOU THAT THEIR RATE IS ALWAYS GOOD.... FOR MY BRANCH THOUGH.

Royal155:
YES! ONCE YOU'VE REGISTERED FOR THE T.BILLS AND YOUR BID IS SUCCESSFUL WITH PROOF OF INVESTMENT GIVEN TO YOU FROM YOUR CHOSEN BANK, YOU DON'T HAVE TO DO ANYTHING ELSE- EXCEPT TAKING NOTE OF WHEN IT WILL MATURE.
SECONDLY, DEPENDING ON THE INVESTMENT HOUSE OR BANK USED AND AS A NOVICE, IT IS ADVISABLE TO GO WITH THE BANK RATE AT LEAST FOR NOW..... TILL YO GAIN MORE EXPERIENCE ON IT. BUT SOME SOME BANKS, LIKE FBN THAT I HAVE USED TWICE DOESN'T ACCEPT INDIVIDUAL BIDDING. THEY HAVE TO DO THE BIDDING ON BEHALF OF THE CUSTOMERS. AND I MUST TELL YOU THAT THEIR RATE IS ALWAYS GOOD.... FOR MY BRANCH THOUGH.

Thanks so much. I appreciate

Royal155:
WOOW! THE INTEREST IS COMING BACK UP! HEADING TO MY BANK ASAP TO TERMINATE MY 91DAYS TBILL THAT WILL MATURE ON 9TH JULY TO LOCK IT 1YR.....

By terminating b4 expiration won't u be charged some fee.

FKBZ:

By terminating b4 expiration won't u be charged some fee.

I AM NOT TERMINATING BUT JUST TO GIVE THEM NOTICE OF TERMINATION UPON MATURITY AND RE-INVESTING FOR A YEAR. THAT'S JUST IT. YOU KNOW I'M SUPPOSED TO GIVE TWO WEEKS NOTICE BEFORE MATURITY, SO THAT IS WHAT I INTEND TO DO

Royal155:
I AM NOT TERMINATING BUT JUST TO GIVE THEM NOTICE OF TERMINATION UPON MATURITY AND RE-INVESTING FOR A YEAR. THAT'S JUST IT. YOU KNOW I'M SUPPOSED TO GIVE TWO WEEKS NOTICE BEFORE MATURITY, SO THAT IS WHAT I INTEND TO DO

Pls answer the question "assuming you are terminating what and what would you have to do"

billtommy:


Pls answer the question "assuming you are terminating what and what would you have to do"

IF YOU WANT TO OUTRIGHTLY TERMINATE THE T.BILL BEFORE THE MATURITY DATE, THEN YOU HAVE TO GO AND ENQUIRE FROM YOUR BANK IF THEY CAN DO IT.
NB: THIS WILL ATTRACT A FEE(DON'T KNOW THE ACTUAL PERCENTAGE COS I'VE NOT DONE THAT)
SECONDLY, IF FOR INSTANCE, YOU INVESTED FOR 91 DAYS TO ROLL THE CAPITAL OVER FOR ANOTHER 91 DAYS WHEN IT MATURES. AND YOU LATER DECIDED TO TERMINATE IT UPON MATURITY(LIKE I JUST DID), THEN YOU HAVE TO CONTACT YOU BANK LATEST 2 WEEKS BEFORE THE MATURITY DATE. THAT IS WHAT I WANT TO DO, NOT TO OUTRIGHTLY TERMINATE T.BILL.

Good day XXXXXX,

Please find below the results of the Primary Auction:

PRIMARY MARKET AUCTION RESULT

TENOR (DAYS) STOP RATE

91 10.00%

182 12.70%

364 12.80%




looks like the yields on longer tenured bills are dropping!

this says a lot of story on our economy in the coming days..

Royal155:
IF YOU WANT TO OUTRIGHTLY TERMINATE THE T.BILL BEFORE THE MATURITY DATE, THEN YOU HAVE TO GO AND ENQUIRE FROM YOUR BANK IF THEY CAN DO IT.
NB: THIS WILL ATTRACT A FEE(DON'T KNOW THE ACTUAL PERCENTAGE COS I'VE NOT DONE THAT)
SECONDLY, IF FOR INSTANCE, YOU INVESTED FOR 91 DAYS TO ROLL THE CAPITAL OVER FOR ANOTHER 91 DAYS WHEN IT MATURES. AND YOU LATER DECIDED TO TERMINATE IT UPON MATURITY(LIKE I JUST DID), THEN YOU HAVE TO CONTACT YOU BANK LATEST 2 WEEKS BEFORE THE MATURITY DATE. THAT IS WHAT I WANT TO DO, NOT TO OUTRIGHTLY TERMINATE T.BILL.

Hello Chaps....

Can we have a discussion about how T-Billls signal changes in FOREX market??




,

AhmadMind:




Hello Chaps....

Can we have a discussion about how T-Billls signal changes in FOREX market??




,

NOT A GURU ON T.BILL. JUST THROW YOUR QUESTIONS GENERALLY SO YOU CAN GET A BETTER ANSWER FROM MORE EXPERIENCE PRACTITIONERS

feelamong:
Good day XXXXXX,

Please find below the results of the Primary Auction:

PRIMARY MARKET AUCTION RESULT

TENOR (DAYS) STOP RATE

91 10.00%

182 12.70%

364 12.80%




looks like the yields on longer tenured bills are dropping!

this says a lot of story on our economy in the coming days..

OOOOPS! SO THE GUY THAT PROVIDED A RESULT BEFORE WAS NOT EVEN SURE OF WHAT HE WAS SAYING?

AhmadMind:




Hello Chaps....

Can we have a discussion about how T-Billls signal changes in FOREX market??




,

The answer to your question is "Interest rate parity concept". It show the relationship between exchange rate a day interest rate in a country in comparism to another country.

feelamong:
Good day XXXXXX,

Please find below the results of the Primary Auction:

PRIMARY MARKET AUCTION RESULT

TENOR (DAYS) STOP RATE

91 10.00%

182 12.70%

364 12.80%




looks like the yields on longer tenured bills are dropping!

this says a lot of story on our economy in the coming days..

I was told GTbank lost their bids for 365days?
How does this go. Does each branch of a particular bank bid differently or they bank stick with one bid?

Hello everyone,

I will please like to know what the process is like and what penalties are charged if I want to cancel treasury bills I had booked earlier before maturity.

Thank you

hi guys,

Is it possible to terminate a transaction before d tenure maturity date say 7months into a one year tenure.

If possible, what is d procedure involved?


thanx.

Chillisauce:


I was told GTbank lost their bids for 365days?
How does this go. Does each branch of a particular bank bid differently or they bank stick with one bid?

""

I did GTB 365days.. summited personal bid of 12.75% GTB Anthony Village Ikeja through my account officer and CBN closing rate was 12.8%.. Thus, bid was successful.

Depends on your specified minimum bid rate and if you are going with bank rate.. then u take whatever they tell u or give you..simply because you weren't in charge of your bidding.

My advice, next bidding be in charge of your bid...
Take a lil risk even though I see no risk at all..nobody is taking your money even if you loose out on closing bids.
Go thru CBN website, check up the rates for various tenors in at least the last four or five previous bid listings.. Then you can predict the boundary bids for the next bidding.
if you have decided on your rate, Then write to your bank thru. any of its branches giving them an order to purchase T. Bills for you on a specified bid and tenor.

That way, they dare not default cos u can actually sue dem assuming u are bidding with lots of cash.

Simply because YOU ARE IN CHARGE!!!

teeboy03:
hi guys,

Is it possible to terminate a transaction before d tenure maturity date say 7months into a one year tenure.

If possible, what is d procedure involved?


thanx.

Contact your bank!

As long as profit and loss exists in financial accounting, Everything is possible in monetary exchange especially when a bank is possible.

Hi guys, i just submitted my form for 182 days at a rate of 12%.... Now my bank(fidelity) told me the minimum amount i can invest is N101,000.
1. Is that the new minimum?
2. Can someone confirm to me please when will be the next auction date?
3. Is there a possibility my bid will be successful??
Thanks!
Cc. Feelamong and others!

Hi All,


There's a Primary auction holding tomorrow.

MrMarcus:
""

I did GTB 365days.. summited personal bid of 12.75% GTB Anthony Village Ikeja through my account officer and CBN closing rate was 12.8%.. Thus, bid was successful.

Depends on your specified minimum bid rate and if you are going with bank rate.. then u take whatever they tell u or give you..simply because you weren't in charge of your bidding.

My advice, next bidding be in charge of your bid...
Take a lil risk even though I see no risk at all..nobody is taking your money even if you loose out on closing bids.
Go thru CBN website, check up the rates for various tenors in at least the last four or five previous bid listings.. Then you can predict the boundary bids for the next bidding.
if you have decided on your rate, Then write to your bank thru. any of its branches giving them an order to purchase T. Bills for you on a specified bid and tenor.

That way, they dare not default cos u can actually sue dem assuming u are bidding with lots of cash.

Simply because YOU ARE IN CHARGE!!!

My dear, I have fought the war of bidding for myself but they said I have to go with the bank rate.
For the moment, I don't even have my bvn no. So I'm playing by their rules for now until I get all necessary contacts and security nos.

hi Investors,

when is the next bid and what is the rate for 91days likely to be?

thanks.