ahiboilandgas:
go to bank it around 13.8 now it was 15.54 b4 u get coupon payment bi annually for it duration some can be 10 years u don turn federal govt worker be that

Gavrelino123:

lol...."federal government worker"..
Also,memember that it's a minimum of 50Million.

Gavrelino123:

lol...."federal government worker"..
Also,memember that it's a minimum of 50Million.
T.B minimum is 100k.

ahiboilandgas:
wrong bond is 10 k ,tb is 50 m when u qoute your rate

ImperialCovfefe:


Bro,

Have you actually purchased an FGN (not savings) bond recently (after April 2017)?

ahiboilandgas:
they are all FGN bonds... saving ,green .2020,2030 last time i bought was in 2016 ....minimum is 10 k as written on the form on debt management office website

ImperialCovfefe:


With the introduction of the savings bond (March 2017), the minimum amount for the regular FGN bonds (not the ones geared towards the retail market, like the sukuk) was reviewed upwards to 50m

awesomeJ:

To make things worse, discount houses like FSDH wouldn't even let you open an account if you're with less than 50m.

Maybe bond funds would be worth taking a look at now. There should be ones with 13-15% yields currently.

ImperialCovfefe:


Bond funds are opaque. Their annual and quarterly statements rarely give you information about the yearly coupon/distribution/dividend. They keep peddling their change in NAV.

awesomeJ:

Same practice with all fund managers?

ImperialCovfefe:


I haven’t subscribed to one. I was interested and tried sourcing for information from the publicly available statements/reports/prospectuses

ImperialCovfefe:


Bro,

Have you actually purchased an FGN (not savings) bond recently (after April 2017)?

ahiboilandgas:
no is for bond ....as little as 10 k for saving bond which coupons is paid .every 3 month .....50 m is for biding direct in primary market of treasury bills...bond give more stable income over time cos u can lock fund at 16.5 last year for 5 years ....the rate don't change(interest paid) till maturity ...but there is risk of other instruments going up and leaving u at 16.5 but u can trade ur bond too

Gavrelino123:

That's good....did you purchase the BOND through your bank or a discount house..?
My knowledge on Federal Government Bond is limited academically......I don't have any practical knowledge about it...
Kindly enlightened me the processes on how to Suscribe for it...
Explain it in stages....
Thanks..

Gavrelino123:

That's good....did you purchase the BOND through your bank or a discount house..?
My knowledge on Federal Government Bond is limited academically......I don't have any practical knowledge about it...
Kindly enlightened me the processes on how to Suscribe for it...
Explain it in stages....
Thanks..

ahiboilandgas:
gtb@ 15.54 2020

ahiboilandgas:
bank ...u can download it form from the debt magntment office website fill and submit to participating banks . I have some runing till 2030..@15.54....mix up your investment (bond,tb )for stability ....all fixed income investor (banks discount houses and pension company) have the mix....best strategy....use coupon payment to buy treasury bill .....this immune u from price drop .

spenca:
These banks put a limit to the principal they take for bonds due to the longtivity of the asset. They try to avoid traders buying the instrument rather than investors. If you want to purchase the FGN bonds you may approach a house to buy from the secondary market for you if you do not meet the criteria of your commercial bank. Bonds are traded daily and sometimes you may get investors willing to share part of their bonds which may match the principal which you intend to invest. The beauty of bond is the steady stream of inflow quarterly or bi-annually which can be further invested in other assets T-bills or equities.
Download the form from DMO and take it to your commercial bank. It is best you emphasized it is FGN BONDS and not FGN SAVINGS BONDS these are two different instruments

spenca:
These banks put a limit to the principal they take for bonds due to the longtivity of the asset. They try to avoid traders buying the instrument rather than investors. If you want to purchase the FGN bonds you may approach a house to buy from the secondary market for you if you do not meet the criteria of your commercial bank. Bonds are traded daily and sometimes you may get investors willing to share part of their bonds which may match the principal which you intend to invest. The beauty of bond is the steady stream of inflow quarterly or bi-annually which can be further invested in other assets T-bills or equities.
Download the form from DMO and take it to your commercial bank. It is best you emphasized it is FGN BONDS and not FGN SAVINGS BONDS these are two different instruments

Gavrelino123:

Thanks.....but how's the interest calculated..?using 10m for example at an interest rate of 15%.
what are the taxes like compared to TB.?

Osahon7:
please I thought the rate comes out per 2weeks? I went to sub for tbills last week friday.the woman said they debit every 2 week and there is no rate yet till dey debit me.
I invested 1M..they have collected the 1M but am yet to get my profits....Help Help

spenca:
These banks put a limit to the principal they take for bonds due to the longtivity of the asset. They try to avoid traders buying the instrument rather than investors. If you want to purchase the FGN bonds you may approach a house to buy from the secondary market for you if you do not meet the criteria of your commercial bank. Bonds are traded daily and sometimes you may get investors willing to share part of their bonds which may match the principal which you intend to invest. The beauty of bond is the steady stream of inflow quarterly or bi-annually which can be further invested in other assets T-bills or equities.
Download the form from DMO and take it to your commercial bank. It is best you emphasized it is FGN BONDS and not FGN SAVINGS BONDS these are two different instruments

Gavrelino123:

Thanks.....but how's the interest calculated..?using 10m for example at an interest rate of 15%.
what are the taxes like compared to TB.?