Just2endowed2:
Great thread. What's the minimum amount one can buy eurobond

Depends on the firm but the lowest is $10k

ernie4life:


Depends on the firm but the lowest is $10k

Can i get eurobond for around 6 months and liquidate?

At earnie4life......Please can I use one account tof buy FGN BOND 2029 LIKE 50K to buy FGN 2029 bond in September 2019 and same account to buy 100k same 2029 FGN bond......knowing that the coupon will come every October and April till 2029. ....how will the different coupons of the 50k and 100k be entering the same account. ...I hope there will be no confusion from CBN when paying different coupons of same bond with different amount used for subscription

billtommy:
Can i get eurobond for around 6 months and liquidate?

yes you can but its not recommended because you may loose funds.

ukay2:
At earnie4life......Please can I use one account tof buy FGN BOND 2029 LIKE 50K to buy FGN 2029 bond in September 2019 and same account to buy 100k same 2029 FGN bond......knowing that the coupon will come every October and April till 2029. ....how will the different coupons of the 50k and 100k be entering the same account. ...I hope there will be no confusion from CBN when paying different coupons of same bond with different amount used for subscription

Yes you can,
it will all appear on your cscs account separately and you will get your coupons when due without any mix up.

ernie4life:



Yes you can,
it will all appear on your cscs account separately and you will get your coupons when due without any mix up.

Thank you Sir , am using my bank to subscribe and not my broker. ...should I still fill the cscs account information if am using bank to subscribe?

ernie4life, any available Eurobond one can buy?

IamR:
ernie4life, any available Eurobond one can buy?

yes, its secondary market, so its always on sale

ukay2:



Thank you Sir , am using my bank to subscribe and not my broker. ...should I still fill the cscs account information if am using bank to subscribe?

yes, in the form, there is always a space for your cscs details.

ernie4life:


yes, in the form, there is always a space for your cscs details.

Thank you Sir. ..

A thousand dollar more and I can start investing.... Hoping you'll be available to guide me through. Thanks for the thread by the way

ernie4life:


yes, its secondary market, so its always on sale

Thank you.

7footre:
A thousand dollar more and I can start investing.... Hoping you'll be available to guide me through. Thanks for the thread by the way

sure i will

Sir ernie4life, in FGN 14.55% APRIL 2029 BOND, last August successful bid was 14.39%, what should I bid for this September auction ...

I also want to know the reason for bidding in bond investment when it's already at 14.55% coupon......

...please kindly explain to me why bidding again....is it the higher I bid for it , the less amount I will pay for the Bond?

Am confused on the reason for bidding for the Bond when it's already at 14.55% for the April 2029 FGN bond. ..

ernie4life:


sure i will

Bro good morning. Kindly check your mail.

Warm regards.

On how much?

ukay2:
Sir ernie4life, in FGN 14.55% APRIL 2029 BOND, last August successful bid was 14.39%, what should I bid for this September auction ...

I also want to know the reason for bidding in bond investment when it's already at 14.55% coupon......

...please kindly explain to me why bidding again....is it the higher I bid for it , the less amount I will pay for the Bond?

Am confused on the reason for bidding for the Bond when it's already at 14.55% for the April 2029 FGN bond. ..

DaBogu:
On how much?

how much for what?

Is the minimum one can invest and can one convert from naira account to an eurobond acct?

ernie4life:


how much for what?

DaBogu:
Is the minimum one can invest and can one convert from naira account to an eurobond acct?

It depends on the firm you are dealing with, some accept $10k while others $100K, you have to confirm from the firm you wish to deal with.
yes you can but make sure you discuss it out with the firm

ernie4life:



It depends on the firm you are dealing with, some accept $10k while others $100K, you have to confirm from the firm you wish to deal with.
yes you can but make sure you discuss it out with the firm

N3.5 million, any recommendation. Thank for your prompt response.

DaBogu:
N3.5 million, any recommendation. Thank for your prompt response.

Eurobonds is in Dollars, are you converting the naira to dollars to invest in eurobonds?

Yes

ernie4life:


Eurobonds is in Dollars, are you converting the naira to dollars to invest in eurobonds?

@ernie4life. ....what is the minimum amount of money to invest in the 14.55% FGN APR 2029 BOND in the primary auction coming up on 25 September 2019.

Thanks.

ukay2:
@ernie4life. ....what is the minimum amount of money to invest in the 14.55% FGN APR 2029 BOND in the primary auction coming up on 25 September 2019.

Thanks.

minimum is N50,001,000

ernie4life:


minimum is N50,001,000

Ok

@earnie4life

Thanks for the great work on this thread!

Do u or anyone know about the Non-deliverable forward contracts for USD and how to get it?

And also how would u advice a $20k investment over 20years in Nigeria (Tbills or Eurobond) to be converted back to USD at maturity.

Many thanks!

Chucklive:
@earnie4life

Thanks for the great work on this thread!

Do u or anyone know about the Non-deliverable forward contracts for USD and how to get it?

And also how would u advice a $20k investment over 20years in Nigeria (Tbills or Eurobond) to be converted back to USD at maturity.

Many thanks!

I know about it, its a forward kind of contract, so party A has dollars and wants to convert and invest in naira but plans to convert back to dollars upon maturity but is concerned that exchange rate may have skyrocketed by then, so he enters in to a forward contract with party B(usually CBN), so lets say at the initiation of the contract exchange rate was 309/$, upon maturity exchange rate is now 400/$, party B will not give party A dollars instead the will pay you the difference in naira, in this case the difference is 91 naira, note that party A is still responsible for sourcing his dollars upon maturity, CBN usually publishes that forwards contract rate.

Like i said this is just a brief of how it works, there are other things in between, i have never done that type of transaction either, so i recommend you speak to your broker or bank for advise and more information.

If i had $20k with a 20 years investment horizon, first 10 years i will do 50% in dollars and 50% in Naira out of the 50% for naira i will do 20 in money market(treasury bills, commercial paper, fixed deposit or anyone that pays higher) 30% will be in stock market in the likes of GTB, zenith, NB etc, after 10 years, i will take another look at the outlook.

Greetings,
Please, what is the interest rate for FG euro bond now ?
Thanks

ernie4life:


I know about it, its a forward kind of contract, so party A has dollars and wants to convert and invest in naira but plans to convert back to dollars upon maturity but is concerned that exchange rate may have skyrocketed by then, so he enters in to a forward contract with party B(usually CBN), so lets say at the initiation of the contract exchange rate was 309/$, upon maturity exchange rate is now 400/$, party B will not give party A dollars instead the will pay you the difference in naira, in this case the difference is 91 naira, note that party A is still responsible for sourcing his dollars upon maturity, CBN usually publishes that forwards contract rate.

Like i said this is just a brief of how it works, there are other things in between, i have never done that type of transaction either, so i recommend you speak to your broker or bank for advise and more information.

If i had $20k with a 20 years investment horizon, first 10 years i will do 50% in dollars and 50% in Naira out of the 50% for naira i will do 20 in money market(treasury bills, commercial paper, fixed deposit or anyone that pays higher) 30% will be in stock market in the likes of GTB, zenith, NB etc, after 10 years, i will take another look at the outlook.

Well said. Thanks a lot.

Has anybody tried Eurobond with FBNQUEST?
Ernie4life, what have you to say on FBNQUEST?
Can I do Eurobond with them?