ositadima1:
Last years stock market extremes. I wonder why Mansard is not in d list

ositadima1:
Last years stock market extremes. I wonder why Mansard is not in d list

emmanuelewumi:
For those in the real sector and other entrepreneurs.

Bank loan can be used for the expansion of your business, the bank won't give you start up capital

skydiver01:
The info you require is in the table below to 31 December 2021.

emmanuelewumi:



Yield of 11.8%.

13.98 divided by 118 times 100

Akerewe:


Good day Oga Emma nd other gurus in the house, Pls I purchased the above bond with the sum of 1.5m nd I want to know how much is my principal repayment by year 2028? Because I don't understand all these, that is why am always here to seek for knowledge all the time. I was told my principal would be 1,218,000. Am suprise as to what happened to my 280,000 missing

skydiver01:
Principal repayment (face value) in Feb 2028 is ~N1,221,621.019 and total interest earned over 6 years is ~N1,024,695.71 + accrued interest since August 2021 of ~N85,391.31 which will be paid next month.

emmanuelewumi:



You bought at a premium.

What is your annual coupon? What is the duration of the investment? You add up all these to determine your returns

Akerewe:

The below is the response I got when I question them

emmanuelewumi:



You will earn N170,000 for 6 years, which is about N1.3 million


You spent N1.43 million to buy the investment

Akerewe:

But from the analysis sent to me, this coupon will still be paid by 2028 feb+Aug and also repayment of the principal. How could the principal repayment b Feb according to ur explanation nd the coupon be extended to August?

Akerewe:


Good day Oga Emma nd other gurus in the house, Pls I purchased the above bond with the sum of 1.5m nd I want to know how much is my principal repayment by year 2028? Because I don't understand all these, that is why am always here to seek for knowledge all the time. I was told my principal would be 1,218,000. Am suprise as to what happened to my 280,000 missing

emmanuelewumi:



You will earn N170,000 for 6 years, which is about N1.3 million


You spent N1.43 million to buy the investment

unite4real:


What i will say is congratulations because you on course to understanding how the secondary BOND market plays out. As you probe further and in your future purchases, you begin to understand some things like
buying at par
buying at premium
buying at discount
clean price
dirty price
coupon rate
Yield
also when you buy bond close to the next coupon payment date and a little bit away from last coupon payment date, how this affect the price you pay in relation to the number of years left to the life of the bond.

my one cent advice to buyers on bond is to keep an eye on the yield. If you see a bond coupon rate at 16% and another one at 13% both in the secondary market. You cannot say the 16% is better than the 13%. Experience will show you to keep an eye on the yield. The 13% could end up being a better deal.

Only in the primary market or a new bond issue you can tell outright from the coupon rate which is better.

make i stop here

Oga emmanuelewumi has explained everything to you but from my early years of experience, i know it will be a bit confusing but as time goes on and you continue investing in the secondary market, it will become clearer

Akerewe:
Pls I learnt above that the principal repayment will take place in February 2028 but I also got this below table from my broker stating that there is still going to be a payment feb+august 2028 then principal repayment also. Which one is correct between the two pls?

Akerewe:
Pls I learnt above that the principal repayment will take place in February 2028 but I also got this below table from my broker stating that there is still going to be a payment feb+august 2028 then principal repayment also. Which one is correct between the two pls?

freeman67:


This is the correct one. Bond coupon payment is bi-annual ie paid twice yearly. So the total amount of the rate is divided by two and paid at 6 months interval. Your last coupon will come with your principal. Depending on when the bond commenced, that could be in either in February or August 2028.

jabolo:


Most likely a mistake IMO. You should not be expecting coupon payments after the bond has been redeemed.

Congratulations on your bond learning journey. You are very determined and the knowledge will pay off in the end.

Akerewe:
APC has done it again, which tax b this one again after all the deductions from fixed income holders

skydiver01:
The income tax is now applicable to income from bonds held by corporates and not those held by individuals. Furthermore, capital gains tax (CGT) is applicable to equity sales by both individuals & corporates

https://pwcnigeria.typepad.com/tax_matters_nigeria/2022/01/taxing-times-you-may-be-liable-to-tax-on-your-previously-exempted-investment-income-effective-from-t.html?utm_campaign=5a78693e94a32673ae004919&utm_content=61d1d17515103c00015f1f64&utm_medium=smarpshare&utm_source=twitter

Akerewe:
pls house, where can i obtain satisfactory credit bureau report, what is it all about and how do i go about it?

Akerewe:


Good day Oga Emma nd other gurus in the house, Pls I purchased the above bond with the sum of 1.5m nd I want to know how much is my principal repayment by year 2028? Because I don't understand all these, that is why am always here to seek for knowledge all the time. I was told my principal would be 1,218,000. Am suprise as to what happened to my 280,000 missing

jabolo:


I presume you are applying for credit.

Read here... https://www.vanguardngr.com/2021/09/loans-in-nigeria-how-to-check-your-credit-score-and-also-improve-it/


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