jpphilips:


Obviously they are distressed, they have been selling commercial papers up & down since last year.

emmanuelewumi:



They also sold their Pension Fund Management company to FCMB

akinola98:
Guys, pls advise me :-

I was due for my first coupon payment on my 2037 FGN bond yesterday but it is yet to me paid, making me worried
Could there be an issue or the FGN is no longer paying Or what do u think ?
Thanks for responses

freeman67:
You better complain to your source of our base so that they will contact CSCS for you. You can also look for CSCS address online and mail them about it too. If it is a mistake they will address it.

Pesuzok:


My first coupon is being delayed. Have you received payment for 18th September?

Pesuzok:


My first coupon is being delayed. Have you received payment for 18th September?

Akerewe:

Contact ur bank, it will b rectify. I got my coupon yesterday afternoon.

Pesuzok:


I went to the bank and it was rectified.

Thank you

mickky22:
Good day Bond Guru

Is there any hiding charges... If I buy bond from secondary market {Standbic IBTC}.
2. Please can someone explain bid and offer from price and yield.

Thanks in anticipation.

ImperialCovfefe:

1. Charges are usually incorporated into the final price, and would be reflected in the yield.

2. Bid is the (best) highest price someone is willing to pay for the bond, while offer is the lowest price at which the bond is being quoted.

3. There’s so many yields bandied around in the world of bonds. Coupon yield, yield-to-maturity, yield-to-call, etc. The two most common are the coupon yield and the yield to maturity (YTM). The YTM is the yield you commonly see quoted on the FMDQ webpages or the banks’ secondary offers. The YTM is a comprehensive yield that tries to determine the total interest you will receive over the duration of the tenor while considering the final redemption price and assuming you reinvest all coupons earned at the same rate. It is usually annualised in the wuotes

Akerewe:
Good day House, please any latest BOND OFFER IN THE MARKET ABOVE 12%?? if any kindly furnish me with information on it pls.

freeman67:


This one...but still in the range of 12%

Akerewe:

I will prefer FGN BOND perhaps what's is senior unsecured bond ??

ImperialCovfefe:


Senior means it ranks higher than other debts if the company is liquidated to pay back creditors. In that eventuality holders of the debt are at the front of the queue.

Unsecured means the debt is not backed (or collateralised) by any of the company’s assets. You won’t be able to directly swap the debt for a particular asset in a default scenario. Thanks a million

These terms (along with others) allows investors to determine the appropriate level of credit risk they would be undertaking if they subscribe to the offer. This in turn helps determines the pricing which is reflected in the yield you see.

oludy:
Hi all,

Does anyone know if there will still be a SUKUK Bond offer this year?

Thanks.

ImperialCovfefe:

1. Charges are usually incorporated into the final price, and would be reflected in the yield.

2. Bid is the (best) highest price someone is willing to pay for the bond, while offer is the lowest price at which the bond is being quoted.

3. There’s so many yields bandied around in the world of bonds. Coupon yield, yield-to-maturity, yield-to-call, etc. The two most common are the coupon yield and the yield to maturity (YTM). The YTM is the yield you commonly see quoted on the FMDQ webpages or the banks’ secondary offers. The YTM is a comprehensive yield that tries to determine the total interest you will receive over the duration of the tenor while considering the final redemption price and assuming you reinvest all coupons earned at the same rate. It is usually annualised in the wuotes

akinola98:
Hello People

Is it time to sell off acquired FGN bond ?? Since the FGN claims they are broke so we do not start hearing stories about unpaid coupons

What is your opinion on this pls Thanks

akinola98:
Hello People

Is it time to sell off acquired FGN bond ?? Since the FGN claims they are broke so we do not start hearing stories about unpaid coupons

What is your opinion on this pls Thanks

ernie4life:


If you locked in at good yields then don't sell, so long as your bonds is in Naira, FGN will always pays, they can always print more money to pay you.

wuwu2:

Lol. That's the inherent risk in bonds, also the sky high inflation rates is another. Decision to buy or sell is yours alone to make. Nigeria has not defaulted and is not currently considered high risk for default ( she is definitely high risk for investment though at this time). My question to u is if u decided to sell your bonds now, are u going to save the money in the bank (18 percent inflation rates)? Or do you have another vehicle that guarantees capital preservation at this time?

MeezPat:
Who has gotten April 2037 coupon