₦airaland Forum

ukay2:
@myoga Feelamong,


please my account has not been debited after applying for July 15,2015 FGN Bond primarily market auction I applied via my bank(Stanbic) . From DMO website, the settlement day for the FGN bond was yesterday 21/07/15.
I thought my account will be debited yesterday, till now my account has not been debited... I contacted my bank customer care and they said I should give them more time...
Sucessful bid from DMO website was 15.2%....I even filled 14.2% in my form... Meaning my bid should be successful.

Please how many days does it take before a bidder's account is debited after the auction date of FG bond?

Thanks for your quick response.

Transactions settle in T + 2 days...

anything outside this, ask your bankers for explanation

Sambo should just keep wipping up sentiments and prepare to face his trials for our missing $3B defence budgets

silvoice:
still waiting 4 ur resppnse. If I do not go to the bank cos am very busy now, will dis money be paid back into my account or will they rollover automatically, cos I did not indicate rollover. Nor termination. When I filled their form?

Did you ask what rate are they willing to roll over for you? usually at the expiration, you money drops back into ur account unless you indicate that it should be rollover..

yesterday i assisted one of my friends to purchase 85days Tbills at 10.5% in the secondary market..

i doubt if the 91days will do more than that in the auction today...

Bamz:
Hello all,
Does anyone know when the next auction is taking place?

yes there is an auction today..

you should have dropped ur bid yesterday if you wanted to purchase T bills today

And the baba na Arsenal fan!

Oya Arsenal fans come o!!

You guys must rescue your own!!

born in 1974?

at what age did he play for julius berger since he played for them in 1989...

Born2berich:
4.2bn for 2015 against 6.8bn for 2014..

EPS also dropped to 6.13 against 11.3 the previous year.

the last year result did have that of the Transcorp hotels in the group result abi? no??

9free:
See good nomenclature abeg. QueenElizabeth and Chindinma for just one person.
Nne just say "Yes" and am ready to leave Sweet Mercilicious for oga Agba and follow you.
Anything to greenify my bearish portfolios.

nna..na wa for you o!!

before I can even say how na to the new babe..you don toast finish! chai!!

anyway make I dey wait for queen Victoria...hopefully she will show before the bulls!

just2endowed:
Who have the latest ntb rate and when is the next auction

the last Auction Stop rates were posted...

91 days - 10%

182 days - 12.625%

sammiejr:
i saw one stanbic ibtc FGN bonds advertised on TV saying one could invest with as low as N10,000. Pls house enligthen me coz i tot a minimum of Millions is required to invest. thanks

Yes you can invest with as little as 10,000.

just speak to your broker or bankers

still don't understand why many retail investors shy away from this!

the rates are far higher what you get in Tbills and it enables one to plan well!

Currently have a 7 years bond and I use the bi annual coupons for sch fees settlements

billtommy:
Which one is Bond Index FSL? How does it work? Theinterest rate seems good for me.

Actually posted about the Bond Indexed Investment Note a few days ago..it has 13.75% guaranteed interest rate payable quarterly..

after 90 days i will brief the house how it went...

Royal155:
me too

I bidded 10.20% but lost out for 90days..

decided to dive into the FSL Bond Index fund at 13.75%

I will inform the house how it went after 90 days..

ukay2:
Thanks Oga Feelamong.....

please what do you advise me to bid for July 2015 FGN bond...14% or15% or brokers bidding rate...(trying to open account with INVESTMENT-ONE COMPANY)..

Last (June2015) marginal rate was 14.42% and May2015 was 13.82%...all for 5 years tenor.

Also why opening CSCS account when the coupons/interests would be paid into my bank account?

Thanks for your kind assistance and advice.

Go for your broker rate..thats what i do now! its very competitive at the bond markets these days as stock markets keeps crashing...

yea, your coupon will be paid into ur bank account but you need a clearing house where the Bonds are held until you sell or matured! the DMO insist on a custodian opening a CSCS account for you. unlike in Corporate bonds where you will just use your normal CSCS account you use for buying shares..

ukay2:
Please I want to invest in FGN BONDS ...DO I NEED CSCS ACCOUNT OR A STOKE BROKER FIRM OR SHOULD I DO IT DIRECTLY WITH MY GTBANK.
Also, FGN BOND AND TREASURY BILL, WHICH ONE IS BETTER. I have been investing in TB for long now, just want to diversify my funds.

Nice GURUS IN THE HOUSE PLEASE ADVISE ME. THANKS.

To invest in FGN bonds you need to approach a custodian to open a cscs account for you. Alternatively just ask ur bankers to talk to their own custodian

Alternatively use ur brokers..i actually use my brokers.

As for which is better? It all depends.

I invest in bonds which has a higher rate but also higher holding period to use the coupons for settling school fees

I use tbills to settle my madam every 90 days..

billtommy:
Is there any difference from d primary and secondary market asides the rate?

rates may be different for better or worse than the primary auction....but then you dont waste valuable time waiting for the next auction

so who did Ngoo Babe share this money with naa?

kmcutez:
Zenith Bank just informed me that Central Bank is not offering the 364 days TB auction for tomorrow. How true is this?

why not buy in the secondary market if you really want to lock in ur funds for that long so badly now..

myjoy08:
Unpaid Salaries: Buhari okays N804.7b lifeline for states...


http://www.vanguardngr.com/2015/07/unpaid-salaries-buhari-okays-n804-7b-lifeline-for-states/#sthash.nqcOM8aQ.dpuf

serious Rain of Naira!!

hoping that some drops will touch the NSE and move my FCMB to 5

Royal155:
WOW! I LOVE THIS ONE!
BUT OP, HAVE YOU TRIED IT? HOW WAS IT?

I havnt tried it yet..

I intend to try it as soon as my soon fixed deposit matures next week..

I just got this mail from my brokers whom I always do Treasury Bills from..

It looks a cool investment, especially now that the Tbill rate are lower than the guaranteed return


Good day Mr Feelamong,

This is to introduce you to our new product. Please see below.
Please feel free to ask for further clarifications if so desired.
Regards


FIDELITY SECURITIES LIMITED BOND INDEXED INVESTMENT NOTES
PRODUCT FEATURES: This product was borne out of the need to present our customers with an alternative investment in the capital market; It also comes with the positives of any fixed income instrument (Coupons/Interest).
The Investment Note is tied to the purchase and guaranteed returns of FGN and Corporate bonds in the Capital market. It carries the features of a mutual fund but comes with the flexibility of any money market deposits product. This particular product is particularly indexing the recently issued Fidelity Corporate Bonds.

• The Interest rate is guaranteed at 13.75% for one year only (After which it will be reviewed in line with prevailing market conditions)

• The Tenor of the Investment is One year (1 year) with a minimum holding period of 270 days.

• Unlike most other Bond Indexed Mutual funds, whose returns fluctuate in response to the Bond market, this Bond Indexed Investment Notes gives a Guaranteed return for the year notwithstanding the performance of the FGN bonds.

• Interest are paid to customers every 90 days with automatic renewal thereafter.

• Customers are allowed to break the investments whenever the need for cash arises but will have to forfeit 20% of the accrued interest on the investments.

• It is open ended and investors are allowed to join in the investment anytime.

• There is an Asset manager fee of 0.5% on the accrued interest.

• The Minimum Investment is N1M.

• Investment Holders are allowed to increase their investment whenever they wish to do so.

Kindly Contact us for any further clarifications on info@fidsecng.com

ernie4life:
That word guaranteed at a time like this sounds cool, could you please tell us more!!

This is the mail I received.....

Good day Mr Feelamong,

This is to introduce you to our new product. Please see below.
Please feel free to ask for further clarifications if so desired.
Regards

FIDELITY SECURITIES LIMITED BOND INDEXED INVESTMENT NOTES

PRODUCT FEATURES: This product was borne out of the need to present our customers with an alternative investment in the capital market; It also comes with the positives of any fixed income instrument (Coupons/Interest).

The Investment Note is tied to the purchase and guaranteed returns of FGN and Corporate bonds in the Capital market. It carries the features of a mutual fund but comes with the flexibility of any money market deposits product. This particular product is particularly indexing the recently issued Fidelity Corporate Bonds.

• The Interest rate is guaranteed at 13.75% for one year only (After which it will be reviewed in line with prevailing market conditions)

• The Tenor of the Investment is One year (1 year) with a minimum holding period of 270 days.

• Unlike most other Bond Indexed Mutual funds, whose returns fluctuate in response to the Bond market, this Bond Indexed Investment Notes gives a Guaranteed return for the year notwithstanding the performance of the FGN bonds.

• Interest are paid to customers every 90 days with automatic renewal thereafter.

• Customers are allowed to break the investments whenever the need for cash arises but will have to forfeit 20% of the accrued interest on the investments.

• It is open ended and investors are allowed to join in the investment anytime.

• There is an Asset manager fee of 0.5% on the accrued interest.

• The Minimum Investment is N1M.

• Investment Holders are allowed to increase their investment whenever they wish to do so.

Kindly Contact us for any further clarifications on info@fidsecng.com

Recently got a mail from one of my brokers (Fidelity securities) that they now have a Bond Indexed Investment Note which has a guaranteed return at 13.75% with quarterly interest payments and with asset manager fee of 0.5%.

has anyone seen this?

pythondjango:
I can't understand your scribble pls,pls make it explicit,thnks.

he said you should allow the markets to fall down more so that we can see better bargains..

Agbalowomeri:
How lucky are mine! This will be my best bear. Huhuhhuhu hurray

Taking a dive-in soon

has APR come down to our range of 2.70?

ghettodreamz:
I'd thought and have always believed Tbills auctions are being carried out fortnightly. However, judging from your last posted result for the 17th June, 2015 primary market auction , and this very result that I've quoted, which I presumed was for an auction that took place yesterday; thus, negating the popular notion - primary market auction usually occur every 2 weeks. Or are there some conditions that brought about this? Or has the Tbills primary market auction schedule terms been changed recently?

Besides, considering the recent state of Nigerian politics and the political instability currently experienced by the ruling government, party in power and the Nigerian people, do you think it's a good time to invest into the FG Tbills? Maybe I'm just scared of locking my funds, and fearful just in case any unforeseen (God forbid) political occurrence befall the country, which makes investors capital unsafe and insecure.

What's your take on this, sir?

If you follow the Tbills Time table someone posted here some weeks back you will know that there is an auction this week.

Tbills will forever remain the safest instruments just like the FGN bonds if you want to do longer tenor investments..

As for this one, I missed my bid but am now going to buy from the secondary market... cant afford to see my money wasting in my bank current account especially in this time that even tomatoes price don skyrocket

jp130:
nse de deal wit pple

yesterday i decided to reduce my exposure to the market...

decided to start trading on Tbills and Bonds (secondary markets) as we expect the interest rates to hinge up more due to the inflationary pressures from the new FOREX policy..

na only Afriprud and NPMFB i dey eye now...Thank God I got some Afriprud at 2.71 the other day..

once they come down to my set levels i rush them as i want to dey invest for 3 years min like Oga Dr Agba!

Good day XXXXXX

Please find below the results of the Primary Auction:

PRIMARY MARKET AUCTION RESULT

TENOR (DAYS) STOP RATE

91 10.00%

182 12.80%

364 13.00%



Please note that Bidders either won or lost at their own quotes. Therefore, quotes higher than stop rates were not successful.

Hmmmmm!!

Wike and Amaechi dog fight!

Act 2 Scene 2

Good day XXXXXX,

Please find below the results of the Primary Auction:

PRIMARY MARKET AUCTION RESULT

TENOR (DAYS) STOP RATE

91 10.00%

182 12.70%

364 12.80%




looks like the yields on longer tenured bills are dropping!

this says a lot of story on our economy in the coming days..

NO BE SMALL TIN..

cornwall: