₦airaland Forum

Pls how can someone terminate sukuk bond .the one of 2027

drealj:
Pls how can someone terminate sukuk bond .the one of 2027

Sell it. Contact your stockbroker for more information

Nakedman:
Have you been debited.?

No i haven't

Nakedman:
Have you been debited.?

I was debited this morning. Stanbic IBTC

kisszhira:
I was debited this morning. Stanbic IBTC

i just checked again, i have been debited, but the money dey ledger balance, is it same with yours?

kristien4:
i just checked again, i have been debited, but the money dey ledger balance, is it same with yours?

Yeah... They locked it up

kisszhira:
Yeah... They locked it up

Okay.

kristien4:
i just checked again, i have been debited, but the money dey ledger balance, is it same with yours?

Well i don't use the bank app so i don't know what if it's debited or not but i shall wait until friday and see if its through or not.

Wow

Wow

Wow

This thing nigerian government is doing. I no understand again.

If they put the rate at 5% they know it will be oversubscribed.

What are they really doing with these rates

Dum20:
This thing nigerian government is doing. I no understand again.

If they put the rate at 5% they know it will be oversubscribed.

What are they really doing with these rates

Bold of you think they will have 1.5 trillion subs if the rate was 5%.

This was from 2021.

With these high rates, I hope treasury bills is still safe to invest in. Abi FG don turn ponzi ni..... just kidding. But I'm about to pull out funds from my mutual funds too o!

So stanbic was not successful? ? Chai!!

Dum20:
Wow

Wow

Wow

Very attractive

exclusiveoloori:
With these high rates, I hope treasury bills is still safe to invest in. Abi FG don turn ponzi ni..... just kidding. But I'm about to pull out funds from my mutual funds too o!

I have not done any investment before can i join now

Nakedman:
I just pulled out funds from mutual funds to chase Treasury Bills. I mustn't miss from these juices.

Mutual funds is piss poor (MMF to be precise). They are offering between 12-13% when tbills is at 21%.

Investors in money market mutual funds should start considering tbills option asap and lock in those sweet rates for 365days before rate drops.

Godspeed0:
I have not done any investment before can i join now

Yes. Wait the next auction or do the secondary market

Odunharry:
Yes. Wait the next auction or do the secondary market

quick question if i invest 2million naira how much is my return

Godspeed0:
quick question if i invest 2million naira how much is my return

It all depends on the rate and duration. You can send me a mail.

Odunharry:
It all depends on the rate and duration. You can send me a mail.

Let’s say 5-10m for 91 days at 17% ,how much is the return going to be ?

blkmum700:
Let’s say 5-10m for 91 days at 17% ,how much is the return going to be ?

Let us use simple interest to calculate.
5000000*17*91/100*365=211, 917. Then 10%wht factored on interest amount.

Higher principal and tenure gives you higher rate.

blkmum700:
Let’s say 5-10m for 91 days at 17% ,how much is the return going to be ?

5m = 212,000 approx
10m - 423,000 approx

chukzyfcbb:
5m = 212,000 approx
10m - 423,000 approx

Thanks , I think I will jump on the next auction.

Odunharry:
Let us use simple interest to calculate.
5000000*17*91/100*365=211, 917. Then 10%wht factored on interest amount.

Higher principal and tenure gives you higher rate.

Thanks.

Was anyone successful at the week's auction, what bank and rate ?

kristien4:
Was anyone successful at the week's auction, what bank and rate ?

Mine was successful but I put in 5m for 364 days and I was credited 745k there abouts. However, my certificate came with the rates at 15.5% and the tenor 354 days or so. Am I missing something??

Are you sure it's not secondary tbills you bought?

farydah:
Mine was successful but I put in 5m for 364 days and I was credited 745k there abouts. However, my certificate came with the rates at 15.5% and the tenor 354 days or so. Am I missing something??

enque:
Are you sure it's not secondary tbills you bought?

Yes oo. It's secondary. Could I have been able to buy primary with that amount?

farydah:
Yes oo. It's secondary. Could I have been able to buy primary with that amount?

Yes through your bank

farydah:
Yes oo. It's secondary. Could I have been able to buy primary with that amount?

Of course you would have.

enque:
Are you sure it's not secondary tbills you bought?

Secondary tbills rate is even higher than that.

CBN Sells Treasury Bills at 21.49% in Quest for Hot Money to Firm Naira
https://businesspost.ng/economy/cbn-sells-treasury-bills-at-21-49-in-quest-for-hot-money-to-firm-naira/