I have inferred the answer to my question from this refresher course. If the company has good fundamentals then your money is safe. Thank you boss

ernie4life:
What should you consider when investing in commercial papers?

First is the company, considering commercial papers are unsecured debt instruments you must ensure that the company has the ability to pay back your funds to avoid stories that touch, one major way to check this is through their credit rating and the rating agency that rated them. Also check their financials if possible who prepared the audit (personally I have preference for the big 5). In their financials what you should be after is their net profit and the cash flows (you can meet a financial analyst for this).

Net Interest rate should be considered when investing in commercial papers, remember that interest on commercial papers investments are subject to withholding tax, you should compare it with similar investment with lower risk like treasury bill and decide if the premium (extra interest) is worth the risk. Lets say company XYZ is offering a 365 days commercial paper at 15% when treasury bills for Same Tenor is offering 14.5% it means the premium for the extra risk is 0.5%, so the question is, is 0.5% worth the extra risk of investing in XYZ commercial paper?

Saw this today

ernie4life:
Saw this today

Wow, it's still on. The last notification I got on it from coronation was on the 24th of March stating that the funding date will be 29th March. Maybe they couldn't get enough bid so they decided to continue again.

freeman67:



Wow, it's still on. The last notification I got on it from coronation was on the 24th of March stating that the funding date will be 29th March. Maybe they couldn't get enough bid so they decided to continue again.

This is another one. Yours is series 2 and 3 while the one posted is series 4 and 5, check the pictures

ernie4life:


This is another one. Yours is series 2 and 3 while the one posted is series 4 and 5, check the pictures

Oh I see.. but they just had the 2 & 3 in March, why the immediate issue this April for 4 & 5? Is it that they could not enough money as intended in the 2nd and 3rd series or they had urgent need for more money.?

ernie4life:
Saw this today

How do you get updates?

freeman67:


Oh I see.. but they just had the 2 & 3 in March, why the immediate issue this April for 4 & 5? Is it that they could not enough money as intended in the 2nd and 3rd series or they had urgent need for more money.?

So I think what they do is register the amount they want to raise and then issue the commercial papers in tranches.

If you look at what you posted you will see 2 billion while in mine you will see 1 billion which I think is part of the first one but I don’t know is what determines the timing.

amordi:
How do you get updates?

I work with an asset management firm so most commercial papers are sent to us to share with investors who may be interested.

ernie4life:


I work with an asset management firm so most commercial papers are sent to us to share with investors who may be interested.

ok. Thanks

ernie4life:


So I think what they do is register the amount they want to raise and then issue the commercial papers in tranches.

If you look at what you posted you will see 2 billion while in mine you will see 1 billion which I think is part of the first one but I don’t know is what determines the timing.

Ok, that is nice. Just wanted to seek more clarification. Thank you

ernie4life:
Saw this today

What is the difference between the discount rate and the yield.

comatekeke:

What is the difference between the discount rate and the yield.

discount is simple interest........ take interest upfront and capital at maturity
yield is compound interest........take interest and capital at maturity

RayRay06677:


discount is simple interest........ take interest upfront and capital at maturity
yield is compound interest........take interest and capital at maturity

Thank you for the clarification.

FYI

amordi:
FYI

This is not a good offer considering treasury bills is at 14% for 365 days with an upward trend

F

New available

ernie4life:


This is not a good offer considering treasury bills is at 14% for 365 days with an upward trend

I was going to say the same thing. With the higher risks involved in CP and high rate of TB presently, I think FSDH did not consider the current economic situation before fixing this rate.

amordi:
FYI

All the same thanks for posting this one.

Any recommendation on this?

amordi:
Any recommendation on this?

This is from which investment house?

For me, it's fine. The rates are good. The company is a legal entity (https://lei.cscs.ng/cscslei/lei-entity-details.php?lei=0292004091B1T2XB1B52). You can also look through their year end report to see what they make and the feasibility of paying back debts.

The final decision on it is your.

From Afrinvest securities. Thanks

amordi:
Any recommendation on this?

I am already doing that, given instructions on that.

Robust Int'l Commodities Ltd CP

freeman67:
Robust Int'l Commodities Ltd CP

I will like to be part of this, kindly guide on subscription process. Many thanks

Kzdguru:

I will like to be part of this, kindly guide on subscription process. Many thanks

Google Coronation Merchant Bank website, go to the 'Contact us' option there you will see their email and phone numbers. Mail them in respect of the Robust Int'l Commodities Ltd CP and details (including Subscription form/indication of interest form) will be sent to you.


Download, fill and resend the form to them. On receipt of the form and you are successful (Because it could be over subscribed sometimes and your request will be declined especially if it comes late) they will send the collection account number/ method of payment to you.

After the funding date and you are successful, your proof of investment will be sent to you.

freeman67:


Google Coronation Merchant Bank website, go to the 'Contact us' option there you will see their email and phone numbers. Mail them in respect of the Robust Int'l Commodities Ltd CP and details (including Subscription form/indication of interest form) will be sent to you.


Download, fill and resend the form to them. On receipt of the form and you are successful (Because it could be over subscribed sometimes and your request will be declined especially if it comes late) they will send the collection account number/ method of payment to you.

After the funding date and you are successful, your proof of investment will be sent to you.

Thank you so much

Good day , pls does anyone have investment with investment one . I’ve received this mail , I wish to know if it is legit and how sustainable the organization is
This isn’t a cp but it offers a competitive return

damoch:
Good day , pls does anyone have investment with investment one . I’ve received this mail , I wish to know if it is legit and how sustainable the organization is
This isn’t a cp but it offers a competitive return

Investment one is very reliable, if the investment is aligned to your investment goals I will encourage you to go ahead.

Sub- National Bond: Lagos State Government

Is this thread dead?

freeman67:



Wow, it's still on. The last notification I got on it from coronation was on the 24th of March stating that the funding date will be 29th March. Maybe they couldn't get enough bid so they decided to continue again.

What does discount rate and Implied yield mean

How do I know the interest I am getting?

I think it is likeTbills.

You get your interest upfront.