freeman67:
Dangote Cement plc

Thanks.

What if these companies default

Is the interest rate paid upfront on commercial paper like Tbills?

sirrotex:
Is the interest rate paid upfront on commercial paper like Tbills?

yes

Any taxes deducted on the interest please?

RayRay06677:


yes

sirrotex:
Any taxes deducted on the interest please?

Withholding tax

Many thanks

RayRay06677:


Withholding tax

freeman67:
Dangote Cement plc

How do I key into this? Website? App?

narite:

How do I key into this? Website? App?

It was sent to me by Coronation Merchant Bank. You can Google them mail them directly or

freeman67:


It was sent to me by Coronation Merchant Bank. You can Google them mail them directly or

Use the details below if you are comfortable:
sowodunni@coronationmb.com

Thanks! I will get in touch with them.

narite:

Thanks! I will get in touch with them.

Ok, please modify this last message and remove the details of the agent there.

Thank You

Dangote CP is available, reach out if interested.

ernie4life:
Dangote CP is available, reach out if interested.

Poor rates

RayRay06677:


Poor rates

Same with MTN but was over subscribed.

They are leveraging on their good ratings

ernie4life:


Same with MTN but was over subscribed.

Open offers

Cp offer

ernie4life:
Cp offer

Thanks for the update.
Really following the thread

New offer

These rates we see today will not always be here

This looks good. How does one subscribe to it?

ernie4life:
These rates we see today will not always be here

What are the applicable taxes that would apply

sirrotex:
What are the applicable taxes that would apply

WHT at 10%

And service charge from the entity carrying out the transaction for u but likely in the range of 0.075% or thereabout.

I see. Thank you. Looks like a good deal and their rating is A

RayRay06677:


WHT at 10%

And service charge from the entity carrying out the transaction for u but likely in the range of 0.075% or thereabout.

sirrotex:
This looks good. How does one subscribe to it?

I work with Coronation, we can help you buy or your can approach any regulated fund manager to help you buy

RayRay06677:


WHT at 10%

And service charge from the entity carrying out the transaction for u but likely in the range of 0.075% or thereabout.

If you deal directly with the arrangers most times you would not pay any service charge. It's only stock brokers like Afrinvest that usually charges for their service. Service charge is usually borne by the issuer.

The problem I have about WHT on CP is that they don't usually state whether a particular CP is exempted or not till when it is close to maturity.

Does going through you give you any form of edge, like meeting up with a target or enabling you to get commission. If yes, then send me an official email address I could deal with and if no, I would reach out to my folks in Greenwich

ernie4life:


I work with Coronation, we can help you buy or your can approach any regulated fund manager to help you buy

freeman67:


If you deal directly with the arrangers most times you would not pay any service charge. It's only stock brokers like Afrinvest that usually charges for their service. Service charge is usually borne by the issuer.

The problem I have about WHT on CP is that they don't usually state whether a particular CP is exempted or not till when it is close to maturity.

But you can always ask before investing, for example the last johnvents CP, there was no withholding tax

sirrotex:
Does going through you give you any form of edge, like meeting up with a target or enabling you to get commission. If yes, then send me an official email address I could deal with and if no, I would reach out to my folks in Greenwich

We all have deliverables, but for ease of transaction it's better you deal with Greenwich since you already have a relationship with them and you are conversant with their process.

But from a point of value, dealing with me could mean I will offer you more investment options in the future that offer better returns.

How do I get in touch with you

ernie4life:



We all have deliverables, but for ease of transaction it's better you deal with Greenwich since you already have a relationship with them and you are conversant with their process.

But from a point of value, dealing with me could mean I will offer you more investment options in the future that offer better returns.

sirrotex:
How do I get in touch with you

A DM will suffice

ernie4life:



But you can always ask before investing, for example the last johnvents CP, there was no withholding tax

That's true sha. So let me ask. Would they be any tax for FIDSON.

Also, what is the difference before the infrastructure fund you guys are floating with NDIF on currently being traded on NGX. Will your pay quarterly dividends too.?

freeman67:


That's true sha. So let me ask. Would they be any tax for FIDSON.

Also, what is the difference before the infrastructure fund you guys are floating with NDIF on currently being traded on NGX. Will your pay quarterly dividends too.?

Yes, withholding tax is applicable to Fidson.

Not much difference considering we are also deploying the funds to infrastructure project to aid bridge the infrastructure challenges we face as country, however, we are consciously avoiding investment in oil and gas projects.

In light of the current high-yield environment, we are aiming for a return of 23% to 24% which represents the yield on a 10 years FGN bond plus 4 percent.

Our coupon payments will be distributed on a semi-annual basis, and we intend to list the fund on both the NGX and FMDQ exchanges.”