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What Are Eurobond Investments Please? / Ecobank Transnational Incorporated $50m Eurobond Oversubscribed By 460% / Ecobank Transnational Incorporated Debut $450 Million Eurobond Oversubscribed (2) (3) (4)
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Re: Eurobond by cc150615(f): 12:50pm On Mar 24, 2022 |
ernie4life:Yes please |
Re: Eurobond by pizapato(m): 1:33am On May 12, 2022 |
ernie4life: Greetings oga boss Please do you know any of the asset management company that use First bank as custodian. I have a domicillary account with FBN, hence I'm trying to avoid transfer charges. The following are my findings for now: Asset Mgt ------------------> Custodian 1. United Capital ------------------> FCMB 2. FCMB Ass Mgt ------------> Standard Chartered Bank 3. Stanbic Ass Mgt ----------> Standard Chartered Bank 4. FBNQUEST ------------> First Bank Information about the custodian of FBN Quest, Stanbic IBTC Asset Management and others will be greatly appreciated Anyone with information on the custodians of other asset management can kindly update the list. Gracias Modified |
Re: Eurobond by ernie4life(m): 7:01am On May 12, 2022 |
pizapato: I don't know any |
Re: Eurobond by olystic: 4:55pm On May 20, 2022 |
pizapato:Fbnquest uses first bank Stanbic uses standard chartered 1 Like |
Re: Eurobond by pizapato(m): 11:36pm On May 20, 2022 |
olystic: Thanks chief I will try FBNQuest as I have a domicillary account with FBN. |
Re: Eurobond by ImperialCovfefe: 11:07pm On May 22, 2022 |
Your only consideration should be a reliable fund management company with good customer service. You might get frustrated otherwise. Transfer charges should be the least of your concerns |
Re: Eurobond by ernie4life(m): 8:49am On May 23, 2022 |
ImperialCovfefe: Very true |
Re: Eurobond by yungestmoney(m): 2:43pm On May 24, 2022 |
ernie4life: Hello Ernie, I opened a dollar mutual fund account with United Capital & according to them, payment can only be made through transfer. Now, I operate a domiciliary account with FCMB where I only source for dollar locally then deposit with the bank. My problem now is; my bank says I can't make any transfer to United Capital because of CBN restrictions on foreign currency transfer. Please I need your assistance, what & what do I need to have the permission to be funding my mutual fund account through my bank � |
Re: Eurobond by IamR: 2:55pm On May 24, 2022 |
yungestmoney:USD Cash deposit can not be transferred, you can only transfer USD inflow from your dom account to United Capital. |
Re: Eurobond by sirrotex: 5:52pm On May 24, 2022 |
Same issue I am having. I just lost interest after their plenty story yungestmoney: |
Re: Eurobond by ImperialCovfefe: 1:19pm On May 25, 2022 |
yungestmoney: Get a BDC to credit your domiciliary account. |
Re: Eurobond by freeman67: 8:19pm On May 26, 2022 |
yungestmoney: It been like that for like 3 to 4 years now. The only money you can transfer from your dorm account is the one transferred to you. Cash deposit for transfer is not acceptable. |
Re: Eurobond by Allboiz: 10:51am On May 27, 2022 |
freeman67: Even the one transferred to you; fcmb has stopped transfers from fcmb dom to fcmb dom accounts. I use Access now to transfer to UC fcmb eurobond account but there are charges. |
Re: Eurobond by sirrotex: 1:38pm On May 27, 2022 |
Can you give us a guide on these charges? Allboiz: |
Re: Eurobond by Allboiz: 5:15pm On May 27, 2022 |
sirrotex: 1. A fixed charge of $15 2. A charge of 0.5% of the amount to be transferred 0.5/100*1750 = 8.75 3. A charge of 7.5% VAT of number 2 7.5/100*8.75 = 0.66 1 Like
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Re: Eurobond by sirrotex: 5:48pm On May 27, 2022 |
Many thanks. This is very helpful. Was it United capital fcmb dorm account you transferred to? Allboiz: |
Re: Eurobond by Allboiz: 8:56am On May 28, 2022 |
sirrotex: Yes |
Re: Eurobond by OMONIMXX(m): 1:47am On Jun 21, 2022 |
pizapato: Please do you know if FBN quest asset's statement of account is accepted/approved for UK Visa application? |
Re: Eurobond by Wapgod(m): 4:06pm On Jul 09, 2022 |
I just came across this thread. Very educative. I have a question to ask about the below Eurobond DEBT MANAGEMENT OFFICE NIGERIA NIGERIA’S EUROBONDS CLOSING PRICES AND YIELDS AS AT MONDAY, JULY 4, 2022 Yield at Issue: 8.375% US$ 1.25BN MAR 2029 Eurobond Yield:13.590% I want to subscribe to this Eurobond at a yield of 13.590% per annum, but I don't know how to go about it. How do I go about it as this is my first time trying to subscribe to a Eurobond? I appreciate your help and comments in advance. |
Re: Eurobond by ImperialCovfefe: 5:06pm On Jul 09, 2022 |
Wapgod: For secondary market purchase, you need a minimum amount, typically $200k. If you do, contact your securities broker/asset management company. ARM securities/Stanbic can help you with it |
Re: Eurobond by Wapgod(m): 5:47pm On Jul 09, 2022 |
ImperialCovfefe:Okay, thanks. I just have two questions. Do I have to make a secondary market purchase to get the 13.590% rate? Also just to confirm, A secondary market purchase means that i have to buy it on the NGX like i buy stocks right? Thanks. |
Re: Eurobond by ImperialCovfefe: 7:17pm On Jul 09, 2022 |
Wapgod:You could buy some units from an open ended dollar fund such as the dollar fund from Stanbic. Subscription starts as small as $1000. Or you could buy from an asset management firm, similarly to how you buy treasury bills, from the secondary market for minimum units worth at least $200k or thereabouts. When you buy from the secondary market, they will quote you their yield based on available supply. It should be close to 13.59% but not exact, since they include their fees in the quoted yield |
Re: Eurobond by ernie4life(m): 11:08pm On Jul 09, 2022 |
Wapgod: |
Re: Eurobond by ernie4life(m): 11:12pm On Jul 09, 2022 |
yungestmoney: Best way to deal with this is to speak the a asset management company for advise on which bank that can easily transfer dollars to them. You can also use a BDC to transfer straight to the fund manager |
Re: Eurobond by yungestmoney(m): 12:04pm On Jul 17, 2022 |
ernie4life: Thanks alot Ernie, for the second option, how do I get a list of BDCs operating in my state?? I reside in Uyo, Akwa Ibom state. |
Re: Eurobond by ernie4life(m): 1:11pm On Jul 17, 2022 |
yungestmoney: You need to find that yourself because I don't know any |
Re: Eurobond by seyisanya(m): 9:18am On Jul 18, 2022 |
yungestmoney:The BDC doesn't have to operate in your state. Here are two that I've used in the past: https://sebastianbdc.com/ and https://everdonbdc.com/ 1 Like |
Re: Eurobond by ernie4life(m): 5:47pm On Jul 27, 2022 |
With the current rate of dollars and high yield in the eurobonds market , one would expect that this thread will be very active but no supply of the dollar in the market is a serious setback for people interested in dollar assets especially eurobonds |
Re: Eurobond by Wapgod(m): 8:52am On Jul 28, 2022 |
How do individuals get dollars at official rate? |
Re: Eurobond by ernie4life(m): 9:05am On Jul 28, 2022 |
Not possible in the present Nigeria |
Re: Eurobond by ImperialCovfefe: 12:36pm On Oct 07, 2022 |
ernie4life: I am really wondering how transparent these eurobonds funds are in their mark-to-market process. For example, Stanbic’s dollar fund is up ~2.5% YTD when the Nigerian eurobonds are down >20% YTD and just ~28% of the dollar fund is placement/money market. |
Re: Eurobond by Olaide1295: 1:10am On Oct 21, 2022 |
ImperialCovfefe: @imperialcovfefe, Thanks for the heads up. Can you help understand the image below relative to the current ~15% yield on Eurobonds. Is getting >700 units of the Stanbic USD fund on cowrywise a good deal for $1k USD (example)? Another one is ARM Eurobond fund which is 75% eurobond. Help me understand how to calculate yield on the bonds relative to current market rates. Thanks.
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