Bond Yields to Drop at OTC Market amid Financial System Liquidity Ease
https://www.businesspost.ng/2018/06/04/bond-yields-to-drop-at-otc-market-amid-financial-system-liquidity-ease/

Three Other Companies Plan IPO Listing After MTN Nigeria
https://www.businesspost.ng/2018/06/04/three-other-companies-plan-ipo-listing-after-mtn-nigeria/

FGN Savings Bond for June 2018

Good day greatmen, please what will be my return after 5 years of 1.5m input on this bond thing?

Phyde:
Good day greatmen, please what will be my return after 5 years of 1.5m input on this bond thing?

Let's say you get a yield of 14%. You'll be getting 105k every six months for the next 5 years.

awesomeJ:

Let's say you get a yield of 14%. You'll be getting 105k every six months for the next 5 years.

Thanks sir.

C &I leasing is offering a 5 year bond with a yield of a little above 16% . If you do corporate bonds , you can look at this.

If one invest 1,000,000 Wat is the annual interest

spenca:
C &I leasing is offering a 5 year bond with a yield of a little above 16% . If you do corporate bonds , you can look at this.

Pls elaborate on this c & i , is it a financial house? One hv to be sure of where is investing is money.

eromosele1986:


Pls elaborate on this c & i , is it a financial house? One hv to be sure of where is investing is money.

They are quoted on the NSE however do your due diligence.

Hello investors
I was going through CSCS daily listing and saw this quote

Symbol. Security. Opening price Closing price

FGS2019S2 12.794% FGS APR 2019 90.00 90.00.

1) Is this a FGN savings bond or FGN bond?
2) Would it mature, or the tenor end by April 2019
3) With the quoted price, can I assume that the original price was N100 but it's now being sold at a discount?
4) If 3 is yes, assuming I buy 10 units now, when it matures, would I be getting N1000 rather than N900?

Thank you.
Cc
awesomeJ
dipoolowoo
Liljel
ahiboilandgas
ImperialCovfefe
spenca

beyolah:
Hello investors
I was going through CSCS daily listing and saw this quote

Symbol. Security. Opening price Closing price

FGS2019S2 12.794% FGS APR 2019 90.00 90.00.

1) Is this a FGN savings bond or FGN bond?
2) Would it mature, or the tenor end by April 2019
3) With the quoted price, can I assume that the original price was N100 but it's now being sold at a discount?
4) If 3 is yes, assuming I buy 10 units now, when it matures, would I be getting N1000 rather than N900?

Thank you

1) FGN savings bond series 2.

2) Yes.

3) Yes.

4) You would get the full face value corresponding to the units bought. But please remember that there is a clean and dirty price for bonds - you would have to pay the seller the accrued coupon uptil that point. You can search it up.

Also note that the secondary market liquidity is thin. So it may take some time to get the necessary units required.

Regards, bro.

ImperialCovfefe:


1) FGN savings bond series 2.

2) Yes.

3) Yes.

4) You would get the full face value corresponding to the units bought. But please remember that there is a clean and dirty price for bonds - you would have to pay the seller the accrued coupon uptil that point. You can search it up.

Also note that the secondary market liquidity is thin. So it may take some time to get the necessary units required.

Regards, bro.

Thank you for the prompt response
I don't understand paying the seller the accrued coupon.
I assumed I would buy through my stockbroker since it's listed on NSE (meaning I won't have anything to do with the seller)
Is this assumption wrong?

beyolah:




Thank you for the prompt response
I don't understand paying the seller the accrued coupon.
I assumed I would buy through my stockbroker since it's listed on NSE (meaning I won't have anything to do with the seller)
Is this assumption wrong?

It just means you would pay a little bit more than the quoted price.

You can seek clarification from your stockbroker and/or read here: https://www.investopedia.com/terms/d/dirtyprice.asp

beyolah:
Hello investors
I was going through CSCS daily listing and saw this quote

Symbol. Security. Opening price Closing price

FGS2019S2 12.794% FGS APR 2019 90.00 90.00.

1) Is this a FGN savings bond or FGN bond?
2) Would it mature, or the tenor end by April 2019
3) With the quoted price, can I assume that the original price was N100 but it's now being sold at a discount?
4) If 3 is yes, assuming I buy 10 units now, when it matures, would I be getting N1000 rather than N900?

Thank you.
Cc
awesomeJ
dipoolowoo
Liljel
ahiboilandgas
ImperialCovfefe
spenca

Hello fam , the quoted price is what you pay for the bond , either a discount price or premium depending on what you find. You pay the exact price that is quoted and you have no business paying any accrued interest. If the quoted price is 90 then you pay 90 per unit of 100 per value for the total number of units you need. At maturity you get 100 per values of a unit of the FGS. So if you buy at a discounted price of 90 today at time maturity you get a 100 per value and of course your coupon as at when due.

What savings bond are you looking for and how many units do you intend on acquiring ?

ImperialCovfefe:


It just means you would pay a little bit more than the quoted price.

You can seek clarification from your stockbroker and/or read here: https://www.investopedia.com/terms/d/dirtyprice.asp

The bond seller is giving up his right to coupon so why will a buyer pay him for the coupon ? The coupon has its intrinsic value embedded in the bond already.

Oga break 1m worth of investment for me on this.. Regards

spenca:


Hello fam , the quoted price is what you pay for the bond , either a discount price or premium depending on what you find. You pay the exact price that is quoted and you have no business paying any accrued interest. If the quoted price is 90 then you pay 90 per unit of 100 per value for the total number of units you need. At maturity you get 100 per values of a unit of the FGS. So if you buy at a discounted price of 90 today at time maturity you get a 100 per value and of course your coupon as at when due.

What savings bond are you looking for and how many units do you intend on acquiring ?

Thank you for the reply.
I asked the questions to understand the quote and it's implications better.

Hello house.
When a bond is listed on the NSE like the FGN savings bond listed above, can an individual only purchase a number of units or all units have to be bought by the same person?

Ifelove1:
Hello house.
When a bond is listed on the NSE like the FGN savings bond listed above, can an individual only purchase a number of units or all units have to be bought by the same person?

With the little I know, I feel that like shares, an individual can buy according to his/her purchasing power.

The gurus in the house should please correct me if I'm wrong.

Oh boy, i may need to start reading this thread from page 1 oh. While that is going on, what investment can one do with #1m and get daily yields for compounding purposes. Or which investment does daily compunding Pls?

Thanks while i go and start digesting this thread.

Trippledots:
Oh boy, i may need to start reading this thread from page 1 oh. While that is going on, what investment can one do with #1m and get daily yields for compounding purposes. Or which investment does daily compunding Pls?

Thanks while i go and start digesting this thread.

you want compounding?
Check this out and thank me later
https://www.nairaland.com/1912965/mutual-funds

4601CE:
you want compounding?
Check this out and thank me later
https://www.nairaland.com/1912965/mutual-funds

Ok bros... Thanks. The thread long sha... Do I start it from the beginning?

Trippledots:


Ok bros... Thanks. The thread long sha... Do I start it from the beginning?

Sure

beyolah:
Hello investors
I was going through CSCS daily listing and saw this quote

Symbol. Security. Opening price Closing price

FGS2019S2 12.794% FGS APR 2019 90.00 90.00.

1) Is this a FGN savings bond or FGN bond?
2) Would it mature, or the tenor end by April 2019
3) With the quoted price, can I assume that the original price was N100 but it's now being sold at a discount?
4) If 3 is yes, assuming I buy 10 units now, when it matures, would I be getting N1000 rather than N900?

Thank you.
Cc
awesomeJ
dipoolowoo
Liljel
ahiboilandgas
ImperialCovfefe
spenca

Can I buy FGN Bond from via my stockbroker?
Or from my bank ?

4601CE:

Can I buy FGN Bond from via my stockbroker?
Or from my bank ?

Am very sure of your stockbroker but not sure of your bank

4601CE:

Can I buy FGN Bond from via my stockbroker?
Or from my bank ?

Your stockbroker can help you get it

Hi everyone,

I am interested in purchasing some units of the "5.625% US$500M JUN 2022 Diaspora bond" listed on the DMO website. Most of stockbroking firms I have contacted so far insisted on $100k entry. Do you guys know any investment house that accept $50k and quite reputable?

Thanks for your response.

P.S. I am not in Nigeria, I don't know if that makes any difference.

JustBasic:
Hi everyone,

I am interested in purchasing some units of the "5.625% US$500M JUN 2022 Diaspora bond" listed on the DMO website. Most of stockbroking firms I have contacted so far insisted on $100k entry. Do you guys know any investment house that accept $50k and quite reputable?

Thanks for your response.

P.S. I am not in Nigeria, I don't know if that makes any difference.

send me a PM,

i can help you.

Please enie, I need to talk to you just sms, me

ernie4life:


send me a PM,

i can help you.

SOVEREIGN SUKUK OFFER FOR SUBSCRIPTION
N100,000,000,000. 7-YEAR IJARAH SUKUK DUE 2025
Opening date:December 6 ,2018
Closing date:December 17,2018
Settlement date:December28 ,2018
Instrument type:Ijarah (Lease) Sukuk
Issuer:FGN Roads Sukuk company 1 plc .
On behalf of the federal Government of Nigeria.
Units of sale: N1000 per unit subject to a minimum subscription of N10,000 and in multiples of N1000 thereafter ...
[url]Dmo.gov.ng[/url]

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Jonathan:
SOVEREIGN SUKUK OFFER FOR SUBSCRIPTION
N100,000,000,000. 7-YEAR IJARAH SUKUK DUE 2025
Opening date:December 6 ,2018
Closing date:December 17,2018
Settlement date:December28 ,2018
Instrument type:Ijarah (Lease) Sukuk
Issuer:FGN Roads Sukuk company 1 plc .
On behalf of the federal Government of Nigeria.
Units of sale: N1000 per unit subject to a minimum subscription of N10,000 and in multiples of N1000 thereafter ...
[url]Dmo.gov.ng[/url]

the previous one they sold, lots of people complained of not getting their coupon on time.
why should i lock up my funds for that long at ordinary 15% when treasury bills are most likely to get there soon,
doesn't look like smart investment to me.
Good luck to those buying