₦airaland Forum

digitalinvestor:
Good day nairalander.

Has anyone subscribed to HillCrest Agro-Allied industries Ltd Commercial Paper in the past? What was your experience with them?

Going through their financial statement, the Company appears to be highly geared, also the cost of Sales seems elevated 86% of revenue.

They're offering 30% yield for 270 days tenor.

I have not subscribed to this particular CP before so I may not have much on it.

However, what I do most time if I am interested in any CP is to first check if the company is existing, if their product or services is available and in demand, if their business is generating income, check why the money is needed ..etc.

I try to look at the supporting document sent with the notice, other public information available about them on the internet and all, and once in a while call the agents of the Arranger for their insights. I read through their ratings too.

If you are looking at yield as too small, it's not. 30% yield on 270 is about the best and highest yield you will get this time around because rates are coming down. The last TB 365 days rate is just above 17% this 30% is about 24. Something %.

If you are looking at it as too big, it's not. Depending on it's ratings it carries its own risks, Also, if compared to other means of borrowing available to the issuer, its the easiest and cheapest means of borrowing to they have. They chose this because it's better for them. Also, their contemporaries are offering the same rates and it's within the threshold of current MPR.

Amycanada:
Guys, is the BluNest and this our Mutual funds the same?

Secondly, does stanbic mutual funds have the dollar investment, if it does, how much is the least someone can invest?

Thank you

The mutual funds on Blunest is the same Stanbic IBTC Asset management mutual fund reflecting on their app and web portal. They only added other investments options like TB and CP to make it robust.

Yes they do have dollar fund.

Amycanada:
Guys, is the BluNest and this our Mutual funds the same?

Secondly, does stanbic mutual funds have the dollar investment, if it does, how much is the least someone can invest?

Thank you

The mutual funds on Blunest is the same Stanbic IBTC Asset management mutual fund reflecting on their app and web portal. They only added other investments options like TB and CP to make it robust.

Yes, Stanbic IBTC Asset Management has dollar Fund

Streetinvestor2:
It looks Morgan bid and offer table head don dey touch. Offer price showing lesser price than bid side

Yes, I just noticed it too but it doesn't seem to be general. It's seems it's only Wapco. If so, then it could be deliberate.

milliondollarma:
Guys please who is a better option here to invest with?

1. Afrinvest
2. Coronation Merchant Bank Limited
3. United capital group
4. Greenwich Bank Group

I will choose in this order.


1. Coronation Merchant Bank

2. Greenwich Merchants

3. United Capital Investment Bank.


Except I don't have any options at all, that's when I will later consider Afrinvest.

Nice2023:
How many investment app do u use...have u tried ARM.
First ally.
Coronation
Afri-invest.

I would not speak for them but what I can say is that,Stanbic does not compare with their efficiencies,especially the first two I mentioned. Their rate is great and their customer care is one of the best in the industry.
U dont need to call them for redemption because that one is very swift.

They are low key and great.

Nooo, bros.

I use

FBNQUEST

Invest by United Capital and

Stanbic IBTC.


Which are all top notch. Yet Stanbic IBTC still stand tall among them. When your Stanbic IBTC app is well set, you can do everything seamlessly without human interactions. I only have issues with them when I had to contact humans and that's because of the newbie/rookies they have as CSR these days.

Then I later discovered that paying through Opay was an issue to them too because it will always not be credited till after series of back and forth.

Saybal:
is the interest pay upfront

Yes, normally you will only be asked to pay the discount rate when set.

SKYMARK CP.

Allboiz:
what about 10% tax and 0.5 service charge

Yes you can deduct WHT 10% from the returns. Except if it exempted. No service charge from you. It's like primary auction bond the issuer takes care of that except you use afrinvestor's stock broker who will want do both sides and when you query them, they'll want tell their neither the Arranger or Joint Arrangers.

That they are just stock brokers so they need to get their own commission.

digitalinvestor:
Which CP is that? you don't mind me asking.

Please what is the essence of having FMDQ deposit details to subscribe to CP? and how do I go about opening one? are there fees associated to opening FMDQ account?

Is FMDQ deposit account any different from CSCS.

I was asked to send in my FMDQ depository details after a successful subscription to a CP.

The CP is Afex Fair Trade Limited (AFTL)

Yes FMDQ is a separate depository. Please see the details of FMDQ.

RE: ENQUIRY ON FMDQ INDIVIDUAL ACCOUNT OPENING

FMDQ Depository, registered by the Securities and Exchange Commission (SEC), offers a secure depository for financial market assets, and facilitates the settlement of capital market transactions. As part of the FMDQ Group, which prioritises innovation, FMDQ Depository integrates seamlessly with FMDQ Exchange and FMDQ Clear to ensure efficient market operations for all securities held on the FMDQ platform.

Our Central Securities Depository (CSD); Q-ex Depository System, delivers high system performance, advanced operational functionalities, robust risk management, and an enhanced user experience for Capital Market Operators (CMOs), Institutional Investors, and Individual Investors like yourself.

Additionally, FMDQ Depository provides you with access to an Investor Portal; Q-extra, which features:

Customisable and on-demand statement and report generation
Securities portfolio view
Consolidated account view
Secure and 24/7 access
Corporate action records
Asset valuation


To complete the onboarding process, the following are required:

Completed Eligibility Form (attached)
Duly completed Signature Mandate Form(s) (contained in the Eligibility Form)
Means of Identification (International Passport bio data page or Driver’s License
National Identification Number Slip
Evidence of Payment for the ‘Annual Eligibility Fee’ (₦26,875.00, inclusive of VAT)
Recommendation Letter from a Capital Market Operator (Attached)
Executed Data Consent Form (Attached)


The annual Eligibility list is N25,000 + VAT of N1,875 = N26,875

Youngzedd:
Is there a website to see all the upcoming and ongoing commercial papers?

They don't just send notices to uninterested people. Most times it's sent to you on request and after that it will become frequent.

If interested, you can contact these merchant /investment banks: Coronation MB, FBNQUEST Capital, FSDH, Codros, UCap, Greenwich MB, Norrenbeger, FCMB Capital, Stanbic IBTC Capitals, Meristem, Afrinvest Capital, Quantum Zenith, Futureview, Rand Merchant Bank (RMB), Vetiva, Tiddo Securities Limited, Cardinal Stones Partners, Marble Advisory, Investment One e.t.c

Some stock broking arms of these firms or others not listed here can also help you contact them.

efismikoko:
They have just paid please check

Yes, was about to post same. I just got it now.

Thanks.

unite4real:
there is no evidence anywhere so far about this information. Access bank is not going to raise a commercial paper and the information is held discreet.

I do not personally believe this at this time as it is only at a rumour stage

Since seeing is believing. Check this.


It's already in public domain. That screenshot is from my email from the agents notifying me.

efismikoko:
Oga freeman please any update on this payment I haven’t gotten mine too 🙏

Not yet ooo. I am mailing them this morning.

Na why all these investments managed by government people don begin fear me since late last year ooo. Coupon and matured bills are no longer paid as and when due. The CP that defaulted that day, I was immediately notified of the default by the Arranger and I was given a timeline of payment. Before it even get to the day they promised to pay, they already paid. The only issue I have with them is that there were 2 CP opening that I would have reinvested and the 2 closed before I got the money but then you get more communication and accountability.

Odunharry:
Tomorrow is the Treasury bills primary market auction.

Ok.

Please is there any subscription of FGN Savings Bond maturity May 2027? Quarterly Coupon payment has been due since Saturday 15, Feb 2025. Yet, nothing.

Hope it's not only me abi I have to contact CSCS on this again.

Stanbic IBTC KYC strick ooo. People wey follow come house come snap the building because of just savings account that year...! This Na after I submit Electricity bill wey carry that same address ooo. Na the statement of that account I use open the Mutual Funds account sha.

Yes you can. It never too late. People pursue 1st, 2nd or 3rd degrees even at 50. So you are still very okay to do it.

SonofElElyonRet:
How is one able to identify asset backed CPs and what are the benefits?

Most of the ones I have done before this are unsecured. Some of them even paid a day before.


The key difference between asset-backed commercial paper (ABCP) and unsecured commercial paper is that ABCP is backed by specific assets like receivables, meaning the issuer has pledged collateral to secure the debt, while unsecured commercial paper relies solely on the creditworthiness of the issuer without any specific asset backing, making it considered riskier.

Key points about each type:

Asset-backed commercial paper (ABCP):

Secured by designated assets like loans, credit card receivables, or other financial instruments.

Considered less risky due to the underlying collateral.

Often used by financial institutions to fund asset-based lending activities.

May involve a special purpose vehicle (SPV) to hold the assets and issue the commercial paper.

Unsecured commercial paper:

Not backed by any specific assets, relying solely on the issuer's credit rating.

Considered riskier than ABCP due to lack of collateral.

Commonly used by large corporations to finance short-term operational needs like payroll or inventory.


Credit to: AI

ernie4life:
I knew the risk of default is high considering the high rates and numerous CP issuance.

Be vigilant

Yep, the funniest thing is that. It the only asset backed CP I have done so far.

It's actually just MPR that drove up the rates like TB and co but with what I see rates are about to start slowing down.

jayce232:
Hope fbn mmf mutual fund also payout interest quarterly?

Yes. You can chose to receive it in your account every quarter or tell them to reinvest it if you want to compound it.

SonofElElyonRet:
Kindly indulge me once more... Did the stock split contribute to the profit of conhall or it's just purely dividend? Trying to figure out if same huge profit from aradel can be regularly replicated year to year

I think the stock split can only contribute to the profit if it was sold on NGX after the split/listing. If not, it will just only increase the asset value of Conhall.

I no check anything about am oo, just a layman reasoning. Na the Oga wey get the question go get better answer.

aloyt:
Pls do you know the issuing houses for this CP and where one can invest in the Valency CP series 8; i seem not to see it anywhere else apart from getequity.
Can anyone point me pls.

The Lead Arranger is FBNQUEST Capital, the Joint Arrangers are; Cardinal Stones Partners, Coronation Merchant Bank, Greenwich Merchant Bank, Rand Merchant Bank and United Capital.

You can invest in it through any of the above. If you wish to, just Google any of them and you will see their contact address.

sky404:
They are asking for my BVN,
is it safe

It's a financial institution app. You must provide some knowledge your customer (KYC) details. So yes it is safe.

jayce232:
I'm trying to download the fbnquest app on play store to register & I'm seeing fbn edge. Is it same thing? Anyone else using fbnquest should kindly respond to this. Thanks

Yes. FBN edge is the app for FBN Assets management.

Ok. Afex fair Trade Limited (AFTL) just defaulted in paying investors the process of their investment.

They were supposed to pay on Friday 7/2/2025 but did not pay the investors instead they promised to pay on 17/2/2025 and that also is still not sure.

Their excuse was that they have a running battle with their bankers (GTB) and that affected the payment. Whatever the issue, I feel they should have tried to resolve it before hand as this may affect investors trust in them.

sky404:
Pls,
Do they have a Branch office in Abuja??
I mean FBN Quest??

cos I'm interested

Yes, Their office is around MTN HQ in Maitama beside Falana Law Chambers.

faithest1:
Good day All

Please kindly advise on what best step to take on this matter. I woke up to the alert that a huge sum was deposited into my account and several other debits of the money happened shortly after. This also happened some months ago which I went to the bank to report and asked them not to use my account for whatever transaction I don't understand. They claimed it was a mistake. Today again similar thing happened and I want to know the best steps I could take to handle this . I have all the evidence of credit and debits.

Send an official mail to your bank expressing your displeasure at their actions. Make sure you remind them in the mail that it happened before and they told you it was a mistake and it is happening again and that you are not comfortable with it.

Make sure you copy that mail to CBN and EFCC. That will be your own defence if anything.

If they mistakenly posted money on your account why wouldn't they debit same as it entered. What the rational of them debiting it gradually. Make person no go use your account commit any fraud or crime ooo.

RayRay06677:
You cannot pay upfront and reinvest same interest.

When was this instruction given, if failed bid, it will remain unchanged.

The masters can add more insight

I think that's where the issue is.

What is obtainable that I know of is to ask them to reinvest the interest with principal at the initial point of subscription. However telling them to reinvest upfront after it's paid will mean them investing the principal in the primary market and maybe reinvest the interest in secondary market or in the next auction.

That said, I have always adviced like @enque said above that whenever one is in doubt, the best thing to do is to request for the certificate/proof of investment. Which is what carries all the terms of your contract with them. Infact even if you are not in doubt, you need to have it. So he should ask for it.

Kindheartedd:
Thanks. But does fixed deposit provide more interest?

Seriously, I am just learning about all these things now, I usually just leave money in my account without investing it. That's crazy.

Nope. It just benefits them (The banks) more. They will not give the rate that TB will give you. Also, whatever rate given to you by the bank must be taxed by them.

With Fixed Deposits, your money is stable with the banks to do their business within that tenure so they prefer it to TB.

Kindheartedd:
What could have gone wrong?

So I have two accounts, I decided to do TB with one bank and I contacted my account officer, after back n forth with sending the instructions, he was confirming the receipt of my email all along, but when I finally sent an instruction to go ahead with the tb transactions, he said he never received my email. I checked my email metadata and it was confirmed he received and read the email. Why do you all think he doesn't want to help me do the tbill investment?

I have moved the funds from the account to another one and the account officer helped me the same day I showed interest, she sent the rate and i sent my instructions and it was done. Till now, I am wondering why the other bank guy denied seeing my email and never burdened.

Can someone hint me?

Like someone said above, you have done the right thing. Thank God you have 2 accounts, the initiative and swiftness to do that.

The problem actually is that some accounts officers need your money always to remain in your account for them to meet personal targets set for them by the bank. They also prefer that you should do a fixed/term deposit with them too instead of moving the money to TB. So when it comes to TB, they try to frustrate your efforts so that the money can remain there.

Allboiz:
While trying to go through Tbills on the app, I observed they won't pay you an upfront interest. Any info about this?

I don't know why they designed it that way. However, it's simple Just calculate it yourself and remove what's to be the upfront.

Personally I like it that way. It's a form of reinvestment of interest with the investment and it will make you get exact yield.

koreanlord:
wow...looks good...I just checked now

That means we can now DIY the secondary market without having to visit the bank..

Yes ooo.