Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,162,451 members, 7,850,572 topics. Date: Wednesday, 05 June 2024 at 04:10 AM |
Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4488841 Views)
Fixed Deposits Or Treasury Bills, Which Is Better? / Fixed Deposit And Treasury Bill Investments From Abroad / I Need Information On Treasury Bills In Nigeria (2) (3) (4)
(1) (2) (3) ... (2057) (2058) (2059) (2060) (2061) (2062) (2063) ... (2240) (Reply) (Go Down)
Re: Treasury Bills In Nigeria by freelancesafety(m): 11:38pm On Jan 19, 2022 |
Hello Everyone, If you want to earn good money from the global foreign exchange market and have no knowledge or experience , you can make use of a trusted and reliable account manager with guaranteed profits daily and weekly, join this forex account manager via Telegram I have been using for months with very impressive results and guaranteed returns , @smart_fxtrader Note: You will have 100% control of your trading accounts and funds, and can opt out anytime. @smart_fxtrader |
Re: Treasury Bills In Nigeria by AngelicBeing: 11:54pm On Jan 19, 2022 |
ojesymsym:Chai
|
Re: Treasury Bills In Nigeria by skydiver01: 6:21am On Jan 20, 2022 |
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: 1 Like |
Re: Treasury Bills In Nigeria by skydiver01: 6:34am On Jan 20, 2022 |
Below is yesterdays bond auction result 1 Like
|
Re: Treasury Bills In Nigeria by just2endowed: 8:37am On Jan 20, 2022 |
What's happening with mtn ipo? No update? |
Re: Treasury Bills In Nigeria by ojesymsym: 11:32am On Jan 20, 2022 |
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: 2 Likes |
Re: Treasury Bills In Nigeria by jabolo(m): 1:53pm On Jan 20, 2022 |
skydiver01: This is very dubious. Our commonwealth being sacrificed to personal interest of 'rent collectors', no doubt. 1 Like
|
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 2:02pm On Jan 20, 2022 |
jabolo: Please explain |
Re: Treasury Bills In Nigeria by jabolo(m): 2:20pm On Jan 20, 2022 |
emmanuelewumi: Marginal rate was 11.5% so fully subscribed. Then bumped up to 12.5%, just like that. |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 2:46pm On Jan 20, 2022 |
jabolo: 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% 5 Likes |
Re: Treasury Bills In Nigeria by jabolo(m): 2:59pm On Jan 20, 2022 |
emmanuelewumi: 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. |
Re: Treasury Bills In Nigeria by RayRay06677(m): 3:32pm On Jan 20, 2022 |
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 2 Likes |
Re: Treasury Bills In Nigeria by faoogoke(m): 4:04pm On Jan 20, 2022 |
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: Treasury Bills In Nigeria by skydiver01: 4:38pm On Jan 20, 2022 |
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: 3 Likes |
Re: Treasury Bills In Nigeria by Ojix85: 12:17pm On Jan 21, 2022 |
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.
|
Re: Treasury Bills In Nigeria by jabolo(m): 12:23pm On Jan 21, 2022 |
Ojix85: 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. 2 Likes 1 Share |
Re: Treasury Bills In Nigeria by Ojix85: 12:35pm On Jan 21, 2022 |
Thanks for your feedback. Appreciate. jabolo: |
Re: Treasury Bills In Nigeria by skydiver01: 7:26am On Jan 23, 2022 |
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. 1 Like
|
Re: Treasury Bills In Nigeria by AngelicBeing: 7:40am On Jan 23, 2022 |
skydiver01:Chai, sadly millions of people's huge investment in cryptocurrencies will be nosediving to the SAHARA DESERT 1 Like
|
Re: Treasury Bills In Nigeria by Foodempire: 12:28pm On Jan 23, 2022 |
skydiver01: Some people still believe is the right time to buy, I inclusive. 1 Like |
Re: Treasury Bills In Nigeria by Akerewe(m): 2:05pm On Jan 23, 2022 |
please which bank sent this?? Ojix85: |
Re: Treasury Bills In Nigeria by skydiver01: 2:05pm On Jan 23, 2022 |
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: |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 2:34pm On Jan 23, 2022 |
AngelicBeing: No big deal if they are diversified 2 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 2:35pm On Jan 23, 2022 |
Foodempire: Be greedy when others are fearful, you should be smiling in 36 months time 2 Likes 1 Share |
Re: Treasury Bills In Nigeria by AngelicBeing: 4:35pm On Jan 23, 2022 |
emmanuelewumi: |
Re: Treasury Bills In Nigeria by jedisco(m): 8:38pm On Jan 23, 2022 |
emmanuelewumi: 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. |
Re: Treasury Bills In Nigeria by Ojix85: 11:46am On Jan 24, 2022 |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 12:48pm On Jan 24, 2022 |
jedisco: They run credit check on customers based on the information supplied in your loan application form |
Re: Treasury Bills In Nigeria by Akerewe(m): 12:53pm On Jan 24, 2022 |
Ojix85:Yes I know, which firm stockbroker! |
Re: Treasury Bills In Nigeria by cutedharmee: 3:23pm On Jan 24, 2022 |
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 |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 4:07pm On Jan 24, 2022 |
cutedharmee: Nothing like part liquidation. You can have partial liquidation of your money market fund Investment but it is not possible with Treasury Bills |
Re: Treasury Bills In Nigeria by cutedharmee: 4:51pm On Jan 24, 2022 |
emmanuelewumi:Oooh...it's oowkay sir. Now I get |
(1) (2) (3) ... (2057) (2058) (2059) (2060) (2061) (2062) (2063) ... (2240) (Reply)
Nigerian Stock Exchange Market Pick Alerts
Viewing this topic: 1 guest(s)
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 42 |