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ojesymsym:
Another one bites the dust.
https://www.nairaland.com/6945604/segun-fayomi-plethora-farms-accused.

These 2 guys couldn't have put it any better. .

Chai

Personally, the yields offered are not attractive to me but they me be to you. I usually prefer to communicate the rates/yields (price) that is attractive to me which if accepted saves one the hassle of opening new accounts with other banks/brokers. Hence my earlier response/recommendation. Nevertheless, I would seek yields in the table plus at least 60 basis points at this time. Later in the year, being an election year and Nigeria's deficit requiring more borrowing, yields may increase.

YESSConsulting:
Thanks, but you did not seem to touch on my question and request.

Below is yesterdays bond auction result

What's happening with mtn ipo? No update?

What I think you are looking for is only for those who have a subscription with CSCS. That way, you can see all shares from all your brokers in one place.
However, if you use just one broker, you can also ask them to send you your statement of account with them.

yinkaoke:

Thank you, this is for unclaimed divided l need the one that that spill out your name should you not remember where you invested.
Thanks so much

skydiver01:
Below is yesterdays bond auction result

This is very dubious. Our commonwealth being sacrificed to personal interest of 'rent collectors', no doubt.

jabolo:


This is very dubious. Our commonwealth being sacrificed to personal interest of 'rent collectors', no doubt.

Please explain

emmanuelewumi:

Please explain

Marginal rate was 11.5% so fully subscribed.
Then bumped up to 12.5%, just like that.

jabolo:


Marginal rate was 11.5% so fully subscribed.
Then bumped up to 12.5%, just like that.

You don't understand the grammar.

It was a reopened bond. The rate for yesterday reopening is at a yield of 11.5% because it is a bond that will mature in 4 years time.


12.5% FGN bonds 2026, will still be used to describe the bond, that was the rate when the bond was introduced in 2016. But the current yield based on yesterday's bid is 11.5%

emmanuelewumi:



You don't understand the grammar.

It was a reopened bond. The rate for yesterday reopening is at a yield of 11.5% because it is a bond that will mature in 4 years time.


12.5% FGN bonds 2026, will still be used to describe the bond, that was the rate when the bond was introduced in 2016. But the current yield based on yesterday's bid is 11.5%

Yes, my bad, just saw that was a re-opened bond so pricing will reflect the yield with coupon maintained. Thanks.

I'm on oversight overdrive on DMO weird pricing - comparing that new issue 20 year bond coupon to the 10 year Sukuk.

proposed offer:
Issuer: TrustBanc Holdings Limited
Series: 5
Tenor: 180 days
Target Size: Up to ₦3.0bn
Discount Rate (%): 12.22%
Implied Yield (%): 13.00%
Offer Open Date: 20-Jan-22
Offer Close Date: 26-Jan-22
Indicative Allotment Date: 26-Jan-22
Use of proceeds: Short-term working capital requirements
Issuer Rating: “A-“ (DataPro)
Minimum Subscription: ₦5.0m

Please anyone with the idea of the average returns for stanbic ibtc bond and stanbic guaranteed investment fund?
The company don't flaunt the rates on their returns. Even when I did an email inquiry. I don't understand why.

Re: the bolded:

I think it is really a question of supply, demand and the size of the offer at any given time. The N250b Sukuk 10 year offer's marginal rate was increased to 13%, I believe, because of the size of the offer to be filled which was also extended by a day. Yesterday's auction was for a smaller size of N75b over 20 years. If the bond offer was N200b for example? Then the marginal rate would have been about c14-14.5% to fill it. This may suggest the DMO is attempting to bring down long-term borrowing costs/rates.

They may or may not be successful, since one key to achieving a reduction in long-dated FGN bond rates is to borrow less (reduce the amounts on offer) since there is currently a demand for longer-dated bonds e.g. at yesterday's auction, N214b was chasing N75b on offer (20yr) i.e., almost 3:1

If I were the DMO, I would have reduced the amount on offer rather than allot more than was offered (N89b) since amounts on offer are subject to change. But, hey, what do I know? The CBN and DMO have baffled me for years now e.g. the CBN sending 1yr TBill rates to 2% when inflation was 15%. Their reason? - to send the excess liquidity into the real economy... and then back up to 8% and then back down to c5.5% at the last auction. Suffice to say the bond markets responded accordingly

jabolo:


Yes, my bad, just saw that was a re-opened bond so pricing will reflect the yield with coupon maintained. Thanks.

I'm on oversight overdrive on DMO weird pricing - comparing that new issue 20 year bond coupon to the 10 year Sukuk.

Dear House experts,

I received the bonds secondary market offers below.

I would kindly like to know which would be the most profitable to invest in assuming I have a capital of N5mill.

I still do not understand the relationship between yield and coupon rates.

Thanks in advance.

Ojix85:
Dear House experts,

I received the bonds secondary market offers below.

I would kindly like to know which would be the most profitable to invest in assuming I have a capital of N5mill.

I still do not understand the relationship between yield and coupon rates.

Thanks in advance.

Focus on yield. That is what you are effectively earning on the bond - when the price you pay and the coupon you are due to collect over the rest of the bond term is taken into account.

Then, the remaining duration of the bond. How long do you want to tie up your money, while earning that yield.

These depend on your own investment stance and possible alternative uses for the fund, if any.


Personally, the 17-Mar-2027 (ie, 5 years remaining) bond, yielding 12.20 would be an acceptable compromise for my own circumstance.

Thanks for your feedback. Appreciate.

jabolo:


Focus on yield. That is what you are effectively earning on the bond - when the price you pay and the coupon you are due to collect over the rest of the bond term is taken into account.

Then, the remaining duration of the bond. How long do you want to tie up your money, while earning that yield.

These depend on your own investment stance and possible alternative uses for the fund, if any.


Personally, the 17-Mar-2027 (ie, 5 years remaining) bond, yielding 12.20 would be an acceptable compromise for my own circumstance.

Meanwhile, Bitcoin is down ~50% over the last 3 months. Russia announced a few days ago that it intends to ban cryptocurrencies (trading and mining) like China and India who have banned cryptocurrencies resulting in Bitcoin falling from ~$68k in November 2021 to currently ~$35k. Ouch... I imagine the party will truly be over when Europe implements its intention to ban them all.

skydiver01:
Meanwhile, Bitcoin is down ~50% over the last 3 months. Russia announced a few days ago that it intends to ban cryptocurrencies (trading and mining) like China and India who have banned cryptocurrencies resulting in Bitcoin falling from ~$68k in November 2021 to currently ~$35k. Ouch... I imagine the party will truly be over when Europe implements its intention to ban them all.

Chai, sadly millions of people's huge investment in cryptocurrencies will be nosediving to the SAHARA DESERT

skydiver01:
Meanwhile, Bitcoin is down ~50% over the last 3 months. Russia announced a few days ago that it intends to ban cryptocurrencies (trading and mining) like China and India who have banned cryptocurrencies resulting in Bitcoin falling from ~$68k in November 2021 to currently ~$35k. Ouch... I imagine the party will truly be over when Europe implements its intention to ban them all.

Some people still believe is the right time to buy, I inclusive.

please which bank sent this??

Ojix85:
Dear House experts,

I received the bonds secondary market offers below.

I would kindly like to know which would be the most profitable to invest in assuming I have a capital of N5mill.

I still do not understand the relationship between yield and coupon rates.

Thanks in advance.

Excellent & Good luck with your purchases. Also please do make sure you use platforms or companies that will not disappear with your acquired Bitcoins just like many have done recently.

Foodempire:


Some people still believe is the right time to buy, I inclusive.

AngelicBeing:
Chai, sadly millions of people's huge investment in cryptocurrencies will be nosediving to the SAHARA DESERT

No big deal if they are diversified

Foodempire:


Some people still believe is the right time to buy, I inclusive.

Be greedy when others are fearful, you should be smiling in 36 months time

emmanuelewumi:


No big deal if they are diversified

emmanuelewumi:



It has always been there when you need loan and you don't have a good job in reputable companies or good collateral.

They share information with utility companies, estate management firms, your children's school etc.

Wasn't aware of it'sexistence... hopefully, they can enlarge it to incorporate it to include more Nigerians using the bvn or national ID. That way, people would be incentivised to have a good credit history.

Got this listing from a stock broker.

Akerewe:
please which bank sent this??

jedisco:


Wasn't aware of it'sexistence... hopefully, they can enlarge it to incorporate it to include more Nigerians using the bvn or national ID. That way, people would be incentivised to have a good credit history.

They run credit check on customers based on the information supplied in your loan application form

Ojix85:
Got this listing from a stock broker.

Yes I know, which firm stockbroker!

Good afternoon everyone
A quick one pls:- i need to liquidate part of my TB investment to reach maturity by March but I was told its not possible to get part of the payment except i liquidate all. Pls how true is this

cutedharmee:
Good afternoon everyone
A quick one pls:- i need to liquidate part of my TB investment to reach maturity by March but I was told its not possible to get part of the payment except i liquidate all. Pls how true is this

Nothing like part liquidation.


You can have partial liquidation of your money market fund Investment but it is not possible with Treasury Bills

emmanuelewumi:



Nothing like part liquidation.


You can have partial liquidation of your money market fund Investment but it is not possible with Treasury Bills

Oooh...it's oowkay sir. Now I get