sirrotex:
Please I need help with this Sukuk coupon payment. I subscribed to the Sukuk of December 2021 at 13%. I received a credit alert for coupon payment far less than what it ought to be. What could be the problem?

Divide what u get into 2, that's what u get now den u get another one by june
It's divided by 2 ooo. It's bi-annual payment on two instalmental payment.

Yes I know it's Bi-annual. Let's assume I invested 1m in December 2021 at 13%. I am supposed to get 130k per annum and this 130k is to be paid twice a year,i.e June and December. However what I received today is N 26,450 as opposed to 65k thus my confusion. Anyone here experienced this before or anyone with an explanation?

sirrotex:
Yes I know it's Bi-annual. Let's assume I invested 1m in December 2021 at 13%. I am supposed to get 130k per annum and this 130k is to be paid twice a year,i.e June and December. However what I received today is N 26,450 as opposed to 65k thus my confusion. Anyone here experienced this before or anyone with an explanation?

I think you got paid for a previous Sukuk you must have invested in, check well.

The 13% December 2021 Sukuk coupon is being paid 29/30 June.

Regards.

Akerewe:



Divide what u get into 2, that's what u get now den u get another one by june
It's divided by 2 ooo. It's bi-annual payment on two instalmental payment.

Was there instant rental payment for Sukuk4 subscribed on December 29, 2021? I thought sukuk4 first rental pay suppose to drop this June 29 or 30 or is my money hanging somewhere?

I have only one Sukuk investment which is that of December 2021. I also subscribed to the FGN Savings Bond of March 2022. Could it be a payment for the FGN Savings Bond of March?

[quote author=ojesymsym post=113868845]Anyone uses iinvest ?
I think it is a very good platform. It is able to get various investment opportunities from various sources into one platform[/quote.] I currently have an active investment with them. I started investing with them in 2018. Their service delivery is always good.

It's very likely to be for the FGN Savings Bond. Payment is to be 4times in the year.

sirrotex:
I have only one Sukuk investment which is that of December 2021. I also subscribed to the FGN Savings Bond of March 2022. Could it be a payment for the FGN Savings Bond of March?

sirrotex:
Please I need help with this Sukuk coupon payment. I subscribed to the Sukuk of December 2021 at 13%. I received a credit alert for coupon payment far less than what it ought to be. What could be the problem?

This Sukuk bond issue is becoming very confusing to me. I equally bought the bond in December 2021 but I have not received any coupon payment. Please what can I do? Or should I still exercise a little more patience?

I see. Let's keep fingers crossed

Frangel:
It's very likely to be for the FGN Savings Bond. Payment is to be 4times in the year.

Nero4306:


Sorry am talking about sukuk 3 landed…. Plz when is the payment time for sukuk 4?

Sukuk 4 should land on the 29/30th of June.

keeper303:


This Sukuk bond issue is becoming very confusing to me. I equally bought the bond in December 2021 but I have not received any coupon payment. Please what can I do? Or should I still exercise a little more patience?

Please always note the issue date on your allocation confirmation notice... Sukuk 4 was issued on the 29th of December 2021. So the 1st rental payment should be by 29th-30th of June.

sirrotex:
I have only one Sukuk investment which is that of December 2021. I also subscribed to the FGN Savings Bond of March 2022. Could it be a payment for the FGN Savings Bond of March?

I believe it is. It dropped today June 17. For NGN10m, approximately NGN260,000+ dropped. So you probably subscribed for 3 years (from March 2022) with NGN1m

#my2kobo

sirrotex:
I have only one Sukuk investment which is that of December 2021. I also subscribed to the FGN Savings Bond of March 2022. Could it be a payment for the FGN Savings Bond of March?

Yes. I strongly believe the payment you received is for the FGN Savings Bond of March 2022.

Thank you for this confirmation

mymadam:


I believe it is. It dropped today June 17. For NGN10m, approximately NGN260,000+ dropped. So you probably subscribed for 3 years (from March 2022) with NGN1m

#my2kobo

Phyde:

Was there instant rental payment for Sukuk4 subscribed on December 29, 2021? I thought sukuk4 first rental pay suppose to drop this June 29 or 30 or is my money hanging somewhere?

Cant explain this because I never bought sukuk 4, but my sukuk 3 dropped yesterday

Kindly find below the result of the FGN bond auction referred to below. You will see that the longer the duration to maturity the higher the reopening stop rates. The stop rates are also reflective of yields obtainable for the existing bonds (same maturity) in the secondary market. This is also why the stop rate on the 2042 surpassed its coupon of 13% by 15 basis points.

creategist:
A fresh bond advert is up on the DMO website as we speak with Auction Date of next Monday June 20, 2022 and Settlement Date of Wednesday June 22, 2022. (https://www.dmo.gov.ng/fgn-bonds/bonds-offer-circular/3944-june-2022-fgn-bond-offer-circular/file)

In it there are three offers. Each is worth the same amount of N75bn

13.53% FGN Mar 2025 (10 Year Re-Opening)
12.50% FGN APR 2032 (10 Year Re-Opening)
13.00% FGN JAN 2042 (20 Year Re-Opening)

Can anyone please assist in the simplest way possible, with the correct interpretation of say for instance if one were to key into the third one for this coming auction? Will it simply imply that I would receive 13% of my invested value bi-annually for the next 20 years? If this would not be so, by how much would this 13% be reduced? Your assistance is coveted Gurus. Thank you in advance.

Thank you for this. I thought results like this were published just for TBs. Please where can one source such bond results from? Thank you again.

skydiver01:
Kindly find below the result of the FGN bond auction referred to below. You will see that the longer the duration to maturity the higher the reopening stop rates. The stop rates are also reflective of yields obtainable for the existing bonds (same maturity) in the secondary market. This is also why the stop rate on the 2042 surpassed its coupon of 13% by 15 basis points.

The auction results are available on the Debt Management Office (DMO) website as shown below.

https://www.dmo.gov.ng/fgn-bonds/bonds-auction-results/3950-summary-of-fgn-bond-auction-results-for-june-2022/file

creategist:
Thank you for this. I thought results like this were published just for TBs. Please where can one source such bond results from? Thank you again.

The 2025 bond quoted at 13.35% ended up at 10.1% which currently looks like a fair deal taking into account some mutual funds pays 1.5% to 4.5% as it please them.

Best deal is still solid investment than these terrible inflation liquidating crap.

skydiver01:
The auction results are available on the Debt Management Office (DMO) website as shown below.

https://www.dmo.gov.ng/fgn-bonds/bonds-auction-results/3950-summary-of-fgn-bond-auction-results-for-june-2022/file

4tunebest:
Any time I receive my Sukuk3 alert, my heart always bless the duo of Ahib Oil& Gas and Pa Emmanuelewumi for sharing the information on this thread and people like Ukay, Unite4real, etc for furnishing us with comprehensive information which helped to clarify all doubts.

I miss those days of practical investment advise sha. Dem don use bad mouth pursue some heroes away from this thread. If not for ahib, I would have finished spending all those money that was invested in Sukuk.

Any way, to everyone that has been a blessing, here is wishing you more alerts alarms to your account

Another opportunity to say thank you

4tunebest:


Another opportunity to say thank you

Hope you have Sukuk 4.


Zenith Bank

GTB

United Capital

Total Energy

Julius Berger.

Lafarge cement

Dangote cement


And many others are still good at their current prices

4tunebest:


Another opportunity to say thank you

You are welcome. Happy investing

freeman67:


Sukuk 4 should land on the 29/30th of June.

Sukuk 2 (FGNSUK2025) is also landing on 29th/30th

emmanuelewumi:



Hope you have Sukuk 4.


Zenith Bank

GTB

United Capital

Total Energy

Julius Berger.

Lafarge cement

Dangote cement

And many others are still good at their current prices

Yes sir! Thank you very much for the free investment advice

Honestly speaking I have become investment wiser since I joined this platform. I would have been among crypto criers if not the sound warning and analysis here.

Thank you to all the gurus.
I missed investing in sukuku V but not planning to miss sukuku 1V.

Please as always, kindly keep us updated.

emmanuelewumi:



Hope you have Sukuk 4.


Zenith Bank

GTB

United Capital

Total Energy

Julius Berger.

Lafarge cement

Dangote cement


And many others are still good at their current prices

emmanuelewumi:



Hope you have Sukuk 4.


Zenith Bank

GTB

United Capital

Total Energy

Julius Berger.

Lafarge cement

Dangote cement


And many others are still good at their current prices

When is the next Sukuk coming up. I've been eagerly waiting to subscribe to it and my TB just git matured

Please gurus help me choose

Investment of 5m

1. Treasury bill at 5.5% pa

2. Buy dollar @ 605

If I were you, I would put like 30 percent of that in immediately in USD another 30 percent in medium interest rate fixed income like FGN Bonds, then the remaining 40 percent in MMF while sourcing for cheap dollar, there are ways to currently buy dollar at N430/N500/510/N550 etc but e no easy .

Ugmama:
Please gurus help me choose

Investment of 5m

1. Treasury bill at 5.5% pa

2. Buy dollar @ 605

TotoNaRubber:
If I were you, I would put like 30 percent of that in immediately in USD another 30 percent in medium interest rate fixed income like FGN Bonds, then the remaining 40 percent in MMF while sourcing for cheap dollar, there are ways to currently buy dollar at N430/N500/510/N550 etc but e no easy .

Tips to buy dollar please.

Legit

Ugmama:



Tips to buy dollar please.

Legit

You can't be serious

Itsrm:


You can't be serious

Lol... I'm serious but am neither greedy or in a haste.

jabolo:


I think you got paid for a previous Sukuk you must have invested in, check well.

The 13% December 2021 Sukuk coupon is being paid 29/30 June.

Regards.

Settlement date for December 2021 sukuk is today, June 24th. That's what the prospectus said.