FGN BOND RECORDS 129.16BLN NAIRA SUBSCRIPTION IN JULY, 2017 – DMO
source : http://www.eyesoflagos.com/2017/07/fgn-bond-records-12916bln-naira.html

The federal government bond which was auctioned on July 12, 2017 has recorded a successful subscription of N9.10 billion for the five year tenor, N55.31 billion for ten years and N64.75 billion for twenty years respectively.
The auction attracted interest rates of 14.50 per cent, 16.2884 per cent and 16.2499 per cent meant to mature on July 15, 2021, March 17, 2027 and April 18, 2037 respectively. According to the data culled from the Debt Management Office website, N3.90 billion was allotted for the five year tenor, ten years tenor attracted N47.01 billion while N55.05 billion was allotted to the twenty years tenor.
Similarly, the FGN savings bond which was auctioned on July 3 to 7, 2017 recorded 342 successful subscriptions for the two year tenor at the rate of 13.386 per cent while the three year tenor had 437 successful subscriptions at the rate of 14.386 per cent.
The bond which is expected to mature on July 12, 2019 had an allotment of N160.770 Million while N239.803 Million was allotted to three year bond meant to mature on July 12, 2020.
Meanwhile, federal government has benchmarked bonds between 2 years tenor to 20 years at the rate between 10 per cent to 16.2499 per cent maturing April 2037. The next FGN savings bond is scheduled to be auctioned on August 7 to 11, 2017.

All we see is figures...no impact...#yinmu

Still wondering when things will be as it were b4 this London based president took over..

3 of my colleagues that work for Huawei supporting etisalat network got sacked yesterday, nobody knows his or her fate yet..
E no go better for bubu and most especially anyone that deceived others to vote for this disaster called president..

When I finally catch even if its his dead body

Hmmmmm. Big big money but nothing is working in the country. May God help the country.

Check my signature for your quality customised ATM card flash drive.

paragon40:
G

Why u know talk anything...u just wasted FTC

Good

Isokay

Okay

Good luck with how the money is to be spent

This my grammar sef

This is the type of thread that distinguishes kids from men.

Pray you even understand how these work.


Pls who knows why anyone would want to go for bonds despite better interest rates in treasury bills.

Una carry cattel man make president, wetin una expect?

Make cow become legal tender?

How does dis affect the price of dollar Abeg o

Hope we don't go the way of Venezuela in the end.

Insurance is still d best to me biko. Having a 40% ROI annually is higher than wat dis FG bonds offers for even 20yrs. They even offer 13% interest on an annual fixed deposit or capital of which if u are to collect interest off front u will forfiet only 1%. Meaning someone DAT is bringing a fixed deposit or capital of 1m will have 130k interest in a yr but if wants his interest off front will be given 120k and lose 10k which is d 1%. No investment platform or bank can give dis type of rate in Nigeria and it's sure and guaranteed
N.B I'm not talking about just any insurance company. I am talking about d leading insurance company in the world with a 54yrs presence in Nigeria and ISO certified

partnerbiz4:
This is the type of thread that distinguishes kids from men.

Pray you even understand how these work.


Pls who knows why anyone would want to go for bonds despite better interest rates in treasury bills.

Really can you prove the last statement with facts and figures?

TB and FG bonds are similar to a very large extent. But bonds normally carry higher interest rates.

Who says Nigerians don't have money, it's just that sometimes these monies are in wrong hands not willing to invest and in a country where the poor on social media praises the corrupt rich and at same time wailing that they are suffering.

partnerbiz4:
This is the type of thread that distinguishes kids from men.

Pray you even understand how these work.


Pls who knows why anyone would want to go for bonds despite better interest rates in treasury bills.

Wat I believe in treasury bills is dat d interest is usually slashed if its not for d complete term of the investment. For instance if d interest rate for a treasury bill is is 15% annually and you want to invest 1m for 3month, ur interest is calculated as 1m*(3/4)*15%= 37500 naira for 3months. Not bad too
N.B in no risk investments, or investments that guarantees a ROI having a low or NO risk on investments, short term investments always offer low ROIs compared to long term investments that offer higher ROIs

meanwhile

naija

partnerbiz4:
This is the type of thread that distinguishes kids from men.

Pray you even understand how these work.


Pls who knows why anyone would want to go for bonds despite better interest rates in treasury bills.

Tb and bonds have their respective pros and cons, it depends on what suites your risk level, actually the tb rates are high for now but pointing downwards and same cannot remain like this till end 4th quarter, its would surely go low as the economy revives, we just signed the national budget hence another reason for its high interest rate which would drop with time, slowly but surely. Also, must people would do not have the luxury of 50m NGN to freely engage the TB primary market at their OWN rate.

On the other hand, bond is safer in a particle sense, at least you know what interest you get till maturity date, unlike TB where you buy at a rate today and same changes when you want to buy tomorrow.

I advise people still training kids to get bonds, school fees settlement is like a walk over

But the fear is would the NAIRA have any value at the maturity of the Bond ? Say what is the value of 10m today in 2037

If Nnamdi KANU no scatter this place before then

BTW, kids know about this stuffs so well these days, don't generalize, don't underestimate

I still don't understand this FG bond of a thing. I invest heavily on Tbills. ..enjoying the higher interest rate of over 18% per year.
Why would one not chose it over FG bond? It's not as if bonds have higher intetest rates.
Am I missing something?
Somebody help!

partnerbiz4:
Pls who knows why anyone would want to go for bonds despite better interest rates in treasury bills.

I'm also interested in the answer.
And why will a 10 year bond have higher interest rate than a 15 year bond?
Also, is the interest paid upfront and tax free like in Tbills?

Koolmak:


Really can you prove the last statement with facts and figures?

TB and FG bonds are similar to a very large extent. But bonds normally carry higher interest rates.

Bonds carry higher interest rates? Says who?
A 20 yr Bond on a little of over 16% and a 1yr (364 days) Tbill of over 18.5%?

https://www.cbn.gov.ng/rates/govtsecurities.asp

Tbills have better rates joor.
There must be something about bond dat I'm yet to know.

AroOkigbo:


I'm also interested in the answer.
And why will a 10 year bond have higher interest rate than a 15 year bond?
Also, are the interest paid upfront like in Tbills?

No, not upfront
Biannually
While the new FGNSavings Bond is quarterly

WenysAD:
Insurance is still d best to me biko. Having a 40% ROI annually is higher than wat dis FG bonds offers for even 20yrs. They even offer 13% interest on an annual fixed deposit or capital of which if u are to collect interest off front u will forfiet only 1%. Meaning someone DAT is bringing a fixed deposit or capital of 1m will have 130k interest in a yr but if wants his interest off front will be given 120k and lose 10k which is d 1%. No investment platform or bank can give dis type of rate in Nigeria and it's sure and guaranteed
N.B I'm not talking about just any insurance company. I am talking about d leading insurance company in the world with a 54yrs presence in Nigeria and ISO certified

which insurance company give ROI of 40% in this present economy. are the into buying and selling or just normal money and capital market

deepwater:


Tb and bonds have their respective pros and cons, it depends on what suites your risk level, actually the tb rates are high for now but pointing downwards and same cannot remain like this till end 4th quarter, its would surely go low as the economy revives, we just signed the national budget hence another reason for its high interest rate which would drop with time, slowly but surely. Also, must people would do not have the luxury of 50m NGN to freely engage the TB primary market at their OWN rate.

On the other hand, bond is safer in a particle sense, at least you know what interest you get till maturity date, unlike TB where you buy at a rate today and same changes when you want to buy tomorrow.

I advise people still training kids to get bonds, school fees settlement is like a walk over

But the fear is would the NAIRA have any value at the maturity of the Bond ? Say what is the value of 10m today in 2037

If Nnamdi KANU no scatter this place before then

BTW, kids know about this stuffs so well these days, don't generalize, don't underestimate

oga with high intrest rate of 15% you get to recover your nominal value in less than 5yrs which you caan out in some productive ventures

deepwater:

No, not upfront Biannually While the new FGNSavings Bond is quarterly

Can you pls provide more info on this bond of a thing? Biannual as in once in two years or twice a year? Is the interest tax free? Why would you prefer bond to Tbills?

deepwater:

No, not upfront Biannually While the new FGNSavings Bond is quarterly

Can you pls provide more info on this bond of a thing? Biannual as in once in two years or twice a year? Is the interest tax free? Why would you prefer bond to Tbills?

jiangchu:


which insurance company give ROI of 40% in this present economy. are the into buying and selling or just normal money and capital market

I beat my chest and categorically tell u that my insurance company does although it is in a long term investment plan. To find out about my insurance company, browse about the insurance company that insured world trade center that was bombed before it was rebuilt

AroOkigbo:
I still don't understand this FG bond of a thing. I invest heavily on Tbills. ..enjoying the higher interest rate of over 18% per year.
Why would one not chose it over FG bond? It's not as if bonds have higher intetest rates.
Am I missing something?
Somebody help!

just curious,.... u mean 18% of 1m (assuming) per annum . if that is the case then i think it's on the low side. Plz correct m if ma calculations are not, am new in this stuff.