Tritri:


1) With 3.3m You should get 3M naira worth of bonds ,2) For The Interest every 6mth at 233k ,3) August .

The Above is valid at 12% yield only. If the yield changes..You need to talk to the Treasury department of your Bank. .

@ukay2 Hope you Get the Point.

Please how did you arrive at 3.3m principal amount to purchase 3m worth of bonds...I thought it will be 30,000 extra she should add to the 3m, to secure the bond...

Please explain more to me...
Thanks

I love this forum so much. Been so educative. Am diving to bond market soon

feelamong:
Sorry to digress a bit....

I assisted a Nairalander to buy N100M worth of FGN 2020 (15.54%) Bonds at yesterday Bond Auction.....

This is the summary of what the bank sent to me this morning...

SETTLEMENT  DATE -12-Feb-16

COUNTTERPARTY -Mr xxxxxxx

BOND VALUE - 100,000,000.00

CLEAN PRICE - 110.3666585

MATURITY DATE - 13-Feb-2020

COUPON RATE - 15.54%

YIELD - 12.19%

ACCRUED INTEREST- 7,727,771.74

DIRTY PRICE -  118.09

TOTAL DUE  - 118,094,430.24

                               

From D Above example How much do u think was used to purchase d 100M bonds?

unite4real:


Have you made attempt to invest in bond before and couldn't be successful ?

yea, last year august,through IBTC

Daddi:

yea, last year august,through IBTC

What rate did you bid then? Did IBTC give you reason for not getting it successful for you?

@feelamong. i have a friend who was expecting his bond coupon payment on 13 february. as of this evening february 15, he has not received it. is it normal?

vacanci:
@feelamong. i have a friend who was expecting his bond coupon payment on 13 february. as of this evening february 15, he has not received it. is it normal?

I just got my alert (Stanbic IBTC bank)for FG 2020 bond ...na God winooo. Bond good very well...waiting till August 13th again for another alert oooooooh

Which bank the person the use?

ukay2:



I just got my alert (Stanbic IBTC bank)for FG 2020 bond ...na God winooo. Bond good very well...waiting till August 13th again for another alert oooooooh

Which bank the person the use?

Access Bank. You mean your alert came around 8pm this night? In that case there is still expectation tonight

vacanci:


Access Bank. You mean your alert came around 8pm this night? In that case there is still expectation tonight

7pm...
Keep hope alive.

@ feelamong

Kindly shed more light on this fgn 2020 bond. How does it work and what is the least amount one can invest.

waiting for your reply.

Rates going down once more.

91 days - 4.85%
182 days - 7.3%
364 days - 8.98%

2020 FGN Bonds here i come

Hello house,

I have been away for too long. Please who knows when the next Tbill will take place?

Thanks in advance.

debbydee:
@ feelamong

Kindly shed more light on this fgn 2020 bond. How does it work and what is the least amount one can invest.

waiting for your reply.

Please lets not derail this Treasury Bill thread...I have earlier posted threads for FGN Bonds.

Just go thru any of them and most of your questions have been answered there...

I will also advise that you also throw in your bid once and get a practical lesson as you can invest with as little as N10,000 in the Monthly Auction

feelamong:


Please lets not derail this Treasury Bill thread...I have earlier posted threads for FGN Bonds.

Just go thru any of them and most of your questions have been answered there...

I will also advise that you also throw in your bid once and get a practical lesson as you can invest with as little as N10,000 in the Monthly Auction

well said. lets just be focused.

Ojix85:
Rates going down once more.

91 days - 4.85%
182 days - 7.3%
364 days - 8.98%

2020 FGN Bonds here i come

damn! rates dropping once again!

just when I was already warming up to start investing in Tbills once again..

make I go wait for the next Bond Auction....

Hello Fam,

I'm a working-class student, willing to commit some funds to investment via TBills but not without better knowledge of the terrain.

Here are my concerns/questions;

1. If I commit 200k to the 91 days package by March, does it mean I get #9700 at the end of May?
2. Wth an investment of 200k over 364 days, will I get #17960?
3. If the answer to question 2 is YES, then, why can't I invest the same 200k in the 91 days package four times (quarterly), so I can get #38800 (i.e #9700 x 4) at the end of the year?

Thank you.

thehub:
Hello Fam,

I'm a working-class student, willing to commit some funds to investment via TBills but not without better knowledge of the terrain.

Here are my concerns/questions;

1. If I commit 200k to the 91 days package by March, does it mean I get #9700 at the end of May?
2. Wth an investment of 200k over 364 days, will I get #17960?
3. If the answer to question 2 is YES, then, why can't I invest the same 200k in the 91 days package four times (quarterly), so I can get #38800 (i.e #9700 x 4) at the end of the year?

Thank you.

have you ever heard of par annum interest? that N9700 you mention is interest P/A. you have to divide by 4 to get you 90 days interest which is N2,425

unite4real:

have you ever heard of par annum interest? that N9700 you mention is interest P/A. you have to divide by 4 to get you 90 days interest which is N2,425

Hey! Thanks for the info.

But that interest is really quite meagre. Best that one invest huge funds over a long period of time.

So, does the full interest rate of #17960 apply to 200k over 364 days?

thehub:


Hey! Thanks for the info.

But that interest is really quite meagre. Best that one invest huge funds over a long period of time.

So, does the full interest rate of #17960 apply to 200k over 364 days?

Yes.

Good Evening all, pls what do u know abt FGN Capital? Was at the bank to put in a bid for Tb, then I was advised to go for FGN capital as it gives better interest. Told them i'll come back next week for it. Actually did that so I come here to ask from my gurus if any1 knows or has invested in it. Thanks!

Hello everyone
permit me to digress a bit
Please, I need info about where and how I can change my naira to euro on a very good deal lower than that of the black market rate. I have a conference to attend somewhere in europe in March and this current exchange rate is becoming very discouraging. Everything is double the price and inflation is beginning to show its ugly head already. I started plans for this trip last year and it's saddening to look back now because of our bad policy makers and economy. The euro is presently 405 naira now as against 230 last year. Ive been to some banks but they have refused to sell currencies. Are there places where I could get a better deal?
P.S I need coaching on fgn bonds if I eventually cancel my trip..
thank you...

Since you guys have killed the treasury bills investment. Killed the naira. Where can I find thé bond thread.

I got info of 15% for 5 yrs. Hope the capital and profit is safe from excess charges.

Feelamong. Oya o. Ya needed here

feelamong:


Please lets not derail this Treasury Bill thread...I have earlier posted threads for FGN Bonds.

Just go thru any of them and most of your questions have been answered there...

I will also advise that you also throw in your bid once and get a practical lesson as you can invest with as little as N10,000 in the Monthly Auction

ok thanks

unite4real:


What rate did you bid then? Did IBTC give you reason for not getting it successful for you?

sorry I replied late.
They kept on saying they're working on it, till it closed

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Ojix85:
Rates going down once more.

91 days - 4.85%
182 days - 7.3%
364 days - 8.98%

2020 FGN Bonds here i come

O boy life hard Ooo

Ojix85:
Rates going down once more.

91 days - 4.85%
182 days - 7.3%
364 days - 8.98%

2020 FGN Bonds here i come

I got 7.1% for 182days, effectively 6.97% after their usual deductions. Better than nothing I'd say.

Bamz:


I got 7.1% for 182days, effectively 6.97% after their usual deductions. Better than nothing I'd say.

Wch bank pls?

yomi007k:


Wch bank pls?

GT

Pls can I invest 500k in bonds?

exclusiveoloori:
Pls can I invest 500k in bonds?

Yes. But make sure your account has between 560,000 to 600,000 Naira depending on the yield in order to secure it, since they have been issuing re-opened bonds. If it's a fresh bond, you will get it at market rate with your 500,000 Naira. For the reissued bonds, make sure your account is well funded above your principal amount. The excess on top is the price you pay to secure the bond.