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Eurobond - Investment (5) - Nairaland

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Re: Eurobond by ernie4life(m): 1:41pm On Sep 25, 2019
IamR:
Has anybody tried Eurobond with FBNQUEST?
Ernie4life, what have you to say on FBNQUEST?
Can I do Eurobond with them?

I have never done any with them but FBNH is a strong brand so you have nothing to fear
Re: Eurobond by 234ng44uk(m): 12:51pm On Sep 26, 2019
IamR:
Has anybody tried Eurobond with FBNQUEST?
Ernie4life, what have you to say on FBNQUEST?
Can I do Eurobond with them?

Stanbic Dollar Fund is performing better than FBN Nigeria Eurobond Fund.

1 Like

Re: Eurobond by IamR: 1:32pm On Sep 26, 2019
ernie4life:


I have never done any with them but FBNH is a strong brand so you have nothing to fear
Thanks
Re: Eurobond by IamR: 1:32pm On Sep 26, 2019
234ng44uk:


Stanbic Dollar Fund is performing better than FBN Nigeria Eurobond Fund.
Thank you. I will go for Stanbic Dollar Fund.
Re: Eurobond by IamR: 1:58pm On Sep 26, 2019
234ng44uk:


Stanbic Dollar Fund is performing better than FBN Nigeria Eurobond Fund.
Is it with Stanbic IBTC Bank or their Asset Management Firm?

1 Like

Re: Eurobond by ernie4life(m): 4:54pm On Sep 26, 2019
234ng44uk:


Stanbic Dollar Fund is performing better than FBN Nigeria Eurobond Fund.


That's great
Re: Eurobond by 234ng44uk(m): 8:27am On Sep 27, 2019
IamR:

Is it with Stanbic IBTC Bank or their Asset Management Firm?
Re: Eurobond by IamR: 9:17am On Sep 27, 2019
[quote author=234ng44uk post=82607374][/quote]
Thank you.
Re: Eurobond by Chucklive: 10:33am On Sep 28, 2019
Greetings,
Is the Stambic dollar fund guaranteed like the Eurobond (guaranteed by Govt)?

And what rates are you guys seeing?
Re: Eurobond by 234ng44uk(m): 3:15pm On Sep 28, 2019
Chucklive:
Greetings,
Is the Stambic dollar fund guaranteed like the Eurobond (guaranteed by Govt)?

And what rates are you guys seeing?

Dollar Fund by any assets manager is an assorted portfolio of Eurobonds both government and private issued. In essence, they use your dollars to buy Eurobonds in a way similar to Naira dominated mutual funds.

1 Like

Re: Eurobond by RealityShot: 2:24am On Oct 05, 2019
234ng44uk:


Dollar Fund by any assets manager is an assorted portfolio of Eurobonds both government and private issued. In essence, they use your dollars to buy Eurobonds in a way similar to Naira dominated mutual funds.
hi.. Please what is the current interest rate on the sibtc dollar fund?
I have a mmf account with them, will I need to open another account for this?
Thank you
Re: Eurobond by ImperialCovfefe: 4:07pm On Oct 12, 2019
RealityShot:
hi.. Please what is the current interest rate on the sibtc dollar fund?
I have a mmf account with them, will I need to open another account for this?
Thank you

The rate on the SIBTC dollar fund is calculated a bit differently (in comparison with a money market fund). You don't have an annualised yield that accrues daily. Instead, you get appreciation in the fund's net asset value (NAV) and a yearly dividend payout, just like equities.

That said, the annualised total return (NAV + distribution paid out in April) as at today is ~ 6.64%. In general, you should expect c. 6-7% annually.

You need to complete a separate application to sign up for the dollar fund. Additionally, there is a minimum 6-month holding period and online redemptions are not allowed.

Hope this helps.

3 Likes

Re: Eurobond by RealityShot: 5:45pm On Oct 12, 2019
ImperialCovfefe:


The rate on the SIBTC dollar fund is calculated a bit differently (in comparison with a money market fund). You don't have an annualised yield that accrues daily. Instead, you get appreciation in the fund's net asset value (NAV) and a yearly dividend payout, just like equities.

That said, the annualised total return (NAV + distribution paid out in April) as at today is ~ 6.64%. In general, you should expect c. 6-7% annually.

You need to complete a separate application to sign up for the dollar fund. Additionally, there is a minimum 6-month holding period and online redemptions are not allowed.

Hope this helps.
wow!
thank you very much Sir.
Re: Eurobond by igbizen(m): 6:21pm On Nov 14, 2019
How much is the fees if you are starting dollar fund with $3k. I learnt there is a fee you pay before you commence.
Re: Eurobond by ernie4life(m): 8:51pm On Nov 14, 2019
igbizen:
How much is the fees if you are starting dollar fund with $3k. I learnt there is a fee you pay before you commence.

No fee

1 Like

Re: Eurobond by baroun04(m): 9:46am On Nov 15, 2019
ernie4life:


No fee
Oga hope you don't mind, hw much is the minimum and what's their interest/dividend and at what minimum duration
Re: Eurobond by ernie4life(m): 11:10am On Nov 15, 2019
baroun04:

Oga hope you don't mind, hw much is the minimum and what's their interest/dividend and at what minimum duration

Most dollar funds(not euro-bonds) accept a minimum of $1k with no guaranteed interest rate but the target is usually to perform above LIBOR ( London Inter-bank Offered rate) and minimum duration of 180 days, please still confirm from whatever firm you are dealing with to understand their terms
Re: Eurobond by Fairview1: 1:17pm On Nov 15, 2019
Beautiful thread.

Following and reading religiously.

Amazing when people talk about finance and investments like this.

Although I haven't make money to the point of investing at the capital and money market, I have this conviction that money will come and I will apply all that I have learned.

Thanks to everyone who has been sharing the information here.

7 Likes 1 Share

Re: Eurobond by igbizen(m): 8:51pm On Nov 16, 2019
ernie4life:


No fee
I called GTB there rate is 0.05%.
I called somebody in stanbic and was explaining that at first I will lose some money due to some transactions- I really don’t understand this.
Are you saying if I open a dom account with stanbic, I source for dollars and give it to dem, I won’t transfer from my dom account into another account (which would cost some charges)?
Re: Eurobond by ernie4life(m): 10:06pm On Nov 16, 2019
igbizen:

I called GTB there rate is 0.05%.
I called somebody in stanbic and was explaining that at first I will lose some money due to some transactions- I really don’t understand this.
Are you saying if I open a dom account with stanbic, I source for dollars and give it to dem, I won’t transfer from my dom account into another account (which would cost some charges)?


Transaction/ transfer cost is different from the cost for investing in the fund.
When you make a transfer in naira there is a cost same applies to dollar transfer
Re: Eurobond by billtommy(m): 8:16pm On Nov 22, 2019
I find the Euro Bond quite complicated, can someone pls break it down to me?
Re: Eurobond by igbizen(m): 8:50pm On Nov 25, 2019
ernie4life:



Transaction/ transfer cost is different from the cost for investing in the fund.
When you make a transfer in naira there is a cost same applies to dollar transfer
So what’s the transfer fee for a $1000? In naira (360k) online transfer is #52.50 ($0.146).
So that one can understand the journey before embarking.

1 Like

Re: Eurobond by ernie4life(m): 8:52pm On Nov 25, 2019
igbizen:

So what’s the transfer fee for a $1000?
So that one can understand the journey before embarking.

You may need to confirm from your bank
Re: Eurobond by igbizen(m): 8:55pm On Nov 25, 2019
ernie4life:


You may need to confirm from your bank
If my bank tells me $50 nko? I suppose somebody has done this dollar fund in this platform - I need an upfront info to make a decision when I approach banks.

2 Likes

Re: Eurobond by carpenter(m): 9:51am On Nov 26, 2019
igbizen:

If my bank tells me $50 nko? I suppose somebody has done this dollar fund in this platform - I need an upfront info to make a decision when I approach banks.

To move money from one account or bank to another is a function of how you got the money into your account, where you are transferring it and how the other bank treats such transfers (inflows and cash deposit are treated differently). If your bank says it will cost you $50 to move money then it is $50. You have no control over it. If you are moving between the same bank, it is cheaper since you will not be paying off-shore charges and telex. All you pay is commission and VAT on Comm (the % for GTBank and other banks are regulated so what you have above maybe the same for most banks).

Trust your bank to give you the rate when you are making the transfer and do your calculations.

1 Like

Re: Eurobond by 7footre(m): 6:02am On Dec 29, 2019
ernie4life:


sure i will

I am ready bro... Show me how.

Compliments of the season
Re: Eurobond by ernie4life(m): 7:00am On Dec 29, 2019
7footre:


I am ready bro... Show me how.

Compliments of the season

Send me a pm
Re: Eurobond by IamR: 8:12am On Dec 29, 2019
igbizen:

If my bank tells me $50 nko? I suppose somebody has done this dollar fund in this platform - I need an upfront info to make a decision when I approach banks.
I was charged 135$ for transferring 13k$. Banks have different charges for cash deposit or inflow into your account. I was charged 3.5$ when I withdrew 7k$. The 7k$ was cash deposit while the 13k$ was inflow.
Re: Eurobond by 7footre(m): 3:45am On Jan 01, 2020
ernie4life:


Send me a pm
Check your DM
Re: Eurobond by ernie4life(m): 4:38pm On Mar 12, 2020
My Eurobonds family how are we managing with the present economic challenges? yields are high but exchange rate is not funny
Re: Eurobond by Kzdguru: 7:32pm On Mar 12, 2020
ernie4life:
My Eurobonds family how are we managing with the present economic challenges? yields are high but exchange rate is not funny

With the present global challenges of Corona virus, what is your prediction on Naira...free fall?

What is your advice on investment in Naira and dollars/Euros?

Is it wise to divert investment in Naira to foreign currency?

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