aceclue:


debited on Thursday evening, though rate not known yet because have not received email

what tenor did you bid for?.....you know also know the state by calculating your initial investment and discount given to you

Winneygirl, no that's not true. The bank determines their bid rate ahead of the auction, that is the rate they pull investors fund together to also bid on in addition to their own fund as a bank. You can always ask them their intended bid rate when you are dropping your application.

Winneygirl:


Who told you their bid rate before the auction?
You can't know the rate until after the auction.
D only thing you can know ahead is the last auctions rate.
It is only secondary market rate you get to know upfront before the investment.

Was this part of the 50ml policy despite the charges that goes into their coffers?

cooldudeng:


I believe they make a "spread" off investors that can't meet the 50 Million primary market limit.

cooldudeng:


Please, do you have any idea of what their last rates were and how that differs from Stanbic and First bank?

No idea but it close to what FBN offers. Banks, Discount houses and Some stockbrokers are the CBN licenced dealers for treasury bills.

That was why I suggested if banks are proving difficult, one can approach other dealers.

I think the attitudes of the banks as per treasury bills is limited to some branches, major branches and most on Lagos Island don't do such, as a matter of fact it is a normal thing.

My branch of FBN is directly opposite CBN in Marina Lagos

wellsaid:


Yeee !! .. thats so sad. "wickedness in high places" as some people would call it. Thank God I asked this question. Please what's the minimum capital for Stanbic and FBN?

100k

Investnow2017:


Oga Tony, going by the TBills programme for this 3rd quarter, its like there will be no auction for 364days tenor in the next bid.

Please can you take a look at the schedule posted by a folk here and advice please. If true, i might have to settle for the Secondary market at First Bank away from my branch.

If you observed, the guy who posted the schedule himself is not sure. He himself was asking. I think he based his suspicion on the fact that according to his speadsheet, no 364-day tenor will mature on that date but I don't think that's enough (if true) to confirm that CBN won't allow it especially since they need it.

CBN and the posted spread sheet has not indicated that there will be no auction on the next auction date. They know that it's not everyone that is privi to the spread sheet and would spread the news if it's not going to hold. So I advice that you be patient.

Meanwhile, you can find out from your Bank to confirm.

Investnow2017:


Oga Tony, going by the TBills programme for this 3rd quarter, its like there will be no auction for 364days tenor in the next bid.

Please can you take a look at the schedule posted by a folk here and advice please. If true, i might have to settle for the Secondary market at First Bank away from my branch.

If you look at what the posted spread sheet is saying critically (if true and correct), it's simply telling us that CBN is NOT INDEBTED to anyone for 364days tenor that will mature on that date and MAY or MAY NOT offer to sell NTB of that tenor on that day. BUT, CBN needs the money badly and is almost certainly going to offer to sell Treasury Bills on that date.

Note also that the fact that CBN has tenors of 91 & 182 days that will mature on that day DOES NOT MEAN THAT THEY MUST BORROW AGAIN if they have funds to pay for the matured tenors and they don't need to borrow from the public again.

But bet you that they still need to borrow from the public and that's why NTB rate currently is this very high.

Investnow2017:


Oga Tony, going by the TBills programme for this 3rd quarter, its like there will be no auction for 364days tenor in the next bid.

Please can you take a look at the schedule posted by a folk here and advice please. If true, i might have to settle for the Secondary market at First Bank away from my branch.

PLEASE just address me as TONY56 o.

What makes me your "Oga"?
I am not an Oga o.
Three are so many people on this forum that I doff my hat for and respect their intellect on Treasury bills and money matters or instruments generally. So if I qualify as an Oga, then which adjective or what are you going to call them?

Maybe you don't realise that we are all gaining one thing or the other through our interactions on this beautiful and money making Thread.

I BEG O, I BE OMO ISE-(SERVANT) O.

TONY56:



PLEASE just address me as TONY56 o.

What makes me your "Oga"?
I am not an Oga o.
Three are so many people on this forum that I doff my hat for and respect their intellect on Treasury bills and money matters or instruments generally. So if I qualify as an Oga, then which adjective or what are you going to call them?

Maybe you don't realise that we are all gaining one thing or the other through our interactions on this beautiful and money making Thread.

I BEG O, I BE OMO ISE-(SERVANT) O.

Oga Tony, you be our oga for here. It not easy to be a young at heart retiree.
I hope to join you in the retirees club in 5 years by His grace.

My Oga, e ma bo ore Olorun mo ra.

Investnow2017:


Oga Tony, going by the TBills programme for this 3rd quarter, its like there will be no auction for 364days tenor in the next bid.

Please can you take a look at the schedule posted by a folk here and advice please. If true, i might have to settle for the Secondary market at First Bank away from my branch.

UPDATE ON AVAILABILITY OF 364 DAYS TENOR FOR NEXT TREASURY BILLS AUCTION.

I have researched and found out that when the same scenario happened for the auction of 21st Dec 2016, 364 days tenor was not offered.

It is therefore possible that other tenors except that for 364 days only will be on offer.

emmanuelewumi:



Oga Tony, you be our oga for here. It not easy to be a young at heart retiree.
I hope to join you in the retirees club in 5 years by His grace.

My Oga, e ma bo ore Olorun mo ra.

Are you saying that once anyone retires he automatically becomes an "Oga" on this thread even if he is not knowledgeable on the subject matter?

What I understand "Oga" to mean is a Guru and I honestly don't think I am one

There surely won't be any 364-day bills on offer at the next auction. The NTB calendar doesn't just show maturing bills. It also shows new issues the CBN intend making for a given quarter-that what's contained in the roll over section. one would expect things like a nations borrowings to be well scheduled right?

Remember before these huge deficits in the nation's budget, 364-day bills used to be on offer just once a month.

awesomeJ:
There surely won't be any 364-day bills on offer at the next auction. The NTB calendar doesn't just show maturing bills. It also shows new issues the CBN intend making for a given quarter-that what's contained in the roll over section. one would expect things like a nations borrowings to be well scheduled right?

Remember before these huge deficits in the nation's budget, 364-day bills used to be on offer just once a month

Oh yes. That's quite correct

emmanuelewumi:



Oga Tony, you be our oga for here. It not easy to be a young at heart retiree.
I hope to join you in the retirees club in 5 years by His grace.

My Oga, e ma bo ore Olorun mo ra.

Boss permit me to say you are one amongst the Ogas just like Oga Tony56. You guys are great!

awesomeJ:
There surely won't be any 364-day bills on offer at the next auction. The NTB calendar doesn't just show maturing bills. It also shows new issues the CBN intend making for a given quarter-that what's contained in the roll over section. one would expect things like a nations borrowings to be well scheduled right?

Remember before these huge deficits in the nation's budget, 364-day bills used to be on offer just once a month.

AwesomeJ,
You have been missing somewhat. You know as one of the Ogas when we have questions and we did not read from you and other Ogas the house seems to be at a loss somehow. Thanks for your contribution. I want the 364 days tenor, since i can't wait i will have to go for 300days+ tenor this week.

Thank you all.

Just another, who has had the experience of buying Tbills with Discount houses or licensed Brokers? Do they offer competitive discounts like stanbic and first bank?

Investnow2017:


AwesomeJ,
You have been missing somewhat. You know as one of the Ogas when we have questions and we did not read from you and other Ogas the house seems to be at a loss somehow. Thanks for your contribution. I want the 364 days tenor, since i can't wait i will have to go for 300days+ tenor this week.

Thank you all.

Just another, who has had the experience of buying Tbills with Discount houses or licensed Brokers? Do they offer competitive discounts like stanbic and first bank?

Thanks for the kind words sir. I'm quite flattered.

Good evening all, just a clarity pls; if a 364 days tenor is say 18% and another for 300 days is also 18%, what is the difference? Or are you still getting the full 18% even for a shorter period?

emmanuelewumi:



At First Bank you can only get your proof of investment from the branch where the TB investment was consummated

Boss, experience shows that is not necessarily so, or is that just for primary markets that you mean?

vazsily:
Good evening all, just a clarity pls; if a 364 days tenor is say 18% and another for 300 days is also 18%, what is the difference? Or are you still getting the full 18% even for a shorter period?

What you get with 300 days will not be same, but will be value of: "364 - 64" days. That is, you need multiply whatever 364days will give you at that rate, by 300/364.

mindtricks:


Boss, experience shows that is not necessarily so, or is that just for primary markets that you mean?

You can do your Treasury Bill in any branch of First Bank, and the proof of investment will be on the letter head of the branch where the transaction was done.

emmanuelewumi:



No idea but it close to what FBN offers. Banks, Discount houses and Some stockbrokers are the CBN licenced dealers for treasury bills.

That was why I suggested if banks are proving difficult, one can approach other dealers.

I think the attitudes of the banks as per treasury bills is limited to some branches, major branches and most on Lagos Island don't do such, as a matter of fact it is a normal thing.

My branch of FBN is directly opposite CBN in Marina Lagos

You're very right! That's why I make use of Longterm Global Capital for my TB

kondoAlata:


You're very right! That's why I make use of Longterm Global Capital for my TB

How is the performance of Longterm Global Capital regarding TBills?

House, there is, this morning, the following in the Secondary Market at First Bank:

360days @ 18% amount left N216m
339days @ 18.20% amount left N415k
290days @ 18% amount left N4.5m
270days @ 18% amount left N1.8m

Grab, Grab, Grab

House is 17% for 360 days secondary market okay...? The amount I want to fix is below 500k.

wellsaid:
House is 17% for 360 days secondary market okay...? The amount I want to fix is below 500k.

Its ok. Are you investing interest too?

Although right now as i write i am in first and there 360days @ 18% still available. Up to N100m.

Investnow2017:


Its ok. Are you investing interest too?

Although right now as i write i am in first and there 360days @ 18% still available. Up to N100m.

Kindly which bank?

vazsily:


Kindly which bank?

First bank

Pls when is the next primary bidding

16/08/2017

doreesy4k:
Pls when is the next primary bidding

I really thank you all for this forum. pls I want to invest in this TB. this is my first timeoo.

I called my bank. they told me it is closed till next 2 weeks. how true is that?

Investnow2017:

House, there is, this morning, the following in the Secondary Market at First Bank:

360days @ 18% amount left N216m
339days @ 18.20% amount left N415k
290days @ 18% amount left N4.5m
270days @ 18% amount left N1.8m

Grab, Grab, Grab

Is it possible to invest 500,000 for 30 days and also what will be my interest. Thank you as you respond.