uptimum123:
I intend to visit GTbank this week to purchase at the secondary market, is there any particular person I need to speak with when I get there ?


This is my first time

Escapist:
Good morning all. I was informed by GTB that the minimum they accept for TB primary market is not 50m.

Are other banks still accepting lower and did anyone successfully bid below this amount with GTB?

yeddy99:
good day all.
if i subscribe to a 10 year bond at a 26% rate for example, is the rate locked in for the 10 years or does it fluctuate with current CBN rates?
Thank you.

farydah:
ok I did 5million at 15.5% for 352 days with zenith bank

Itsrm:


Locked in

awesomeJ:


I don't know when exactly you bought in February, but I'll assume late February implying that you've held for 90 days.

If the bank decides to discount it at 22%,
Term to maturity is 262 days.
Discount to the new buyer should be 5000000*0.22*262/366 = 790k approximately.

This means the new buyer only pays you 4,210,000.


At the time of purchase, you must have gotten a discount of about 747k meaning you were debited 4,253,000.


So your investment of 4,253,000 in February will now become 4,210,000 now, implying a loss on investment of about 43k.


Kindly note:
1. There are fees that may add up to increase this loss amount.
2. The actual loss may be slightly different since you didn't state the exact date you invested and I don't know the exact date you'll liquidate. But I think 90 days is a good approximation.

3. The primary reason you're losing money here is cos you bought at a low rate(15.5) and prevailing rates are now higher.

4. If the bank doesn't request for a discount as high as 22%, your losses will be reduced, but the higher the discount you're offering, the easier it is to get a buyer and the faster the liquidation.

awesomeJ:


I don't know when exactly you bought in February, but I'll assume late February implying that you've held for 90 days.

If the bank decides to discount it at 22%,
Term to maturity is 262 days.
Discount to the new buyer should be 5000000*0.22*262/366 = 790k approximately.

This means the new buyer only pays you 4,210,000.


At the time of purchase, you must have gotten a discount of about 747k meaning you were debited 4,253,000.


So your investment of 4,253,000 in February will now become 4,210,000 now, implying a loss on investment of about 43k.


Kindly note:
1. There are fees that may add up to increase this loss amount.
2. The actual loss may be slightly different since you didn't state the exact date you invested and I don't know the exact date you'll liquidate. But I think 90 days is a good approximation.

3. The primary reason you're losing money here is cos you bought at a low rate(15.5) and prevailing rates are now higher.

4. If the bank doesn't request for a discount as high as 22%, your losses will be reduced, but the higher the discount you're offering, the easier it is to get a buyer and the faster the liquidation.

Chikebrain:

Speak with any account officer there

farydah:
the main reason I want to sell is that my mutual funds is currently giving me 18.80% or so. Is it worth it to sell off the treasury bills and put it in mutual funds?

farydah:
the main reason I want to sell is that my mutual funds is currently giving me 18.80% or so. Is it worth it to sell off the treasury bills and put it in mutual funds?

yeddy99:
good day all.
if i subscribe to a 10 year bond at a 26% rate for example, is the rate locked in for the 10 years or does it fluctuate with current CBN rates?
Thank you.

Itsrm:


Your net gain will be less than 100k. Not worth it in my view.

awesomeJ:


1. Except you find someone that will buy the bills from you below that 18.8%, liquidating won't make any difference.

2. 352-day Tbills at 15.5% discount has about 18.3% yield which is close enough to the MMF yield.


Since you actually bought in March, my opinion is that that 15.5% deal you took wasn't fair enough as rates for long dated bills were already in the 20% levels.

Again, liquidating the bills to seek 18.8% in MMF isn't worth the effort as you're already getting over 18% yield.

farydah:
sigh! Ok then. Thank you so much for your input. I appreciate

Streetinvestor2:
If I decide to sell sukuk bond of 10 yrs at 13 % then.will I get a buyer.i have collected 3 yrs interest on it.
If someone is willing to buy.what should I be expecting on my principal if you use 1 million as example.
I want to see if I can sell and go for present better yield of 19 %

Streetinvestor2:
If I decide to sell sukuk bond of 10 yrs at 13 % then.will I get a buyer.i have collected 3 yrs interest on it.
If someone is willing to buy.what should I be expecting on my principal if you use 1 million as example.
I want to see if I can sell and go for present better yield of 19 %

freemindcity:
Please can somebody explain this to me thought it will be between 170,000 to 180,000 if taxes are remove please enlighten me abeg

freemindcity:
Please can somebody explain this to me thought it will be between 170,000 to 180,000 if taxes are remove please enlighten me abeg

freemindcity:
Please can somebody explain this to me thought it will be between 170,000 to 180,000 if taxes are remove please enlighten me abeg

Macktaob:
Lol, bro thought it’s 18% monthly.

awesomeJ:
Naira seems to be having its best week ever.
Currently up 20.83% in two days. From 1482 on Friday to 1173 today.

Looks like MPR has peaked!!!

Itsrm:


Where are you seeing 1173?

Mills55:
Please when is the next treasury bills auction date? Anyone with date should please help.

Itsrm:


Where are you seeing 1173?

kolamilan:

Where or site can I get this data.