₦airaland Forum

The above explanations are correct (clean & dirty bond prices) except in this case, it is not accrued interest for the whole of November 2024 that will be paid.
To be precise, you will pay accrued interest from 16 November 2024 to 24 December 2024 (23 December + 1 day settlement date) if you buy tomorrow because the maturity date for the 2033 FGN bond is 15 May 2033 from the prices you were quoted

manwomanok:
Good, That exactly layman explanation I wanted. Thank you sir

it mean if I buy tomorrow I will pay accrued interest of Nov. and Dec, plus broker's charges? also can you say something about the Bid price 94.98 and Bid yield 21.18.

Thank you once more

skydiver01:
The above explanations are correct (clean & dirty bond prices) except in this case, it is not accrued interest for the whole of November 2024 that will be paid.
To be precise, you will pay accrued interest from 16 November 2024 to 24 December 2024 (23 December + 1 day settlement date) if you buy tomorrow because the maturity date for the 2033 FGN bond is 15 May 2033 from the prices you were quoted

Could you please assist with the best pick (ROI) from below quotes

I trust the below is helpful

Bakosokoto:
Could you please assist with the best pick (ROI) from below quotes

skydiver01:
The above explanations are correct (clean & dirty bond prices) except in this case, it is not accrued interest for the whole of November 2024 that will be paid.
To be precise, you will pay accrued interest from 16 November 2024 to 24 December 2024 (23 December + 1 day settlement date) if you buy tomorrow because the maturity date for the 2033 FGN bond is 15 May 2033 from the prices you were quoted

I appreciate this, Thank you for your usual help

skydiver01:
I trust the below is helpful

Many thanks.
Wishing you & yours a cozy yuletide.

Please kindly update if you've been paid for 2038 bond that was due on the 21/12/2024.

I am yet to see a trace, Christmas is almost crumbling.

RayRay06677:
Please kindly update if you've been paid for 2038 bond that was due on the 21/12/2024.

I am yet to see a trace, Christmas is almost crumbling.

Hahahah

Funny u.

Treasury Bills

https://www.youtube.com/watch?v=WMMdIJLEV_c

Merry Christmas 🎄🎁 Everyone....

RayRay06677:
Please kindly update if you've been paid for 2038 bond that was due on the 21/12/2024.

I am yet to see a trace, Christmas is almost crumbling.

Nawaoo

feelamong:
The days of high returns on Treasury Bills are dead and buried.

People here should look out for the new Finance Bill about to be presented to the national Assembly by the FG.

The amount spent by the FG in debt repayments is too high and they cannot afford to allow interests on govt borrowing to be high again.

Time to play the NSE , NYSE, Cryptos or just be ready to accept low rates on your TBills.

Throwback insights.

Nov 11, 2020.

RayRay06677:
Please kindly update if you've been paid for 2038 bond that was due on the 21/12/2024.

I am yet to see a trace, Christmas is almost crumbling.

Yes it came in yesterday night

Akerewe:
Yes it came in yesterday night

Yesterday was public holiday.

Check again, thanks

RayRay06677:
Yesterday was public holiday.

Check again, thanks

On 24th December 2024, all the same, it has dropped

RayRay06677:
Hope you are feeling it

Yes I am oo and happy for it though I'm on the receving end this time as I'm handling a project back home. The good thing is that most rates have almost merged

It's mainly just the first hurdle. The government needs to bring down inflation quickly. At 33%, a sum of naira loses half of its value in 2yrs plus. When directly exchanging with other economies who have a much lower inflation rate, it's only a matter of time before the naira loses further value except our economy is growing at an alarming rate (which its not).

The government should aim to bring inflation below 12% by the end of their current tenure.

Akerewe:
On 24th December 2024, all the same, it has dropped

I and another colleague are yet to receive.

Our cases must not be isolated ones so reverify the status.

Thanks

RayRay06677:
I and another colleague are yet to receive.

Our cases must not be isolated ones so reverify the status.

Thanks

Make una relax, he go sup

Akerewe:
Make una relax, he go sup

Thanks

Today's rate

Hi guys,

Please can I opt for my interest to be paid at the end of the tbills tenor (so as to get the implied yield) in both primary and secondary market? Or is secondary market always debited at the discounted rate?

With tbills via I-invest app, you get interest and capital upon maturity. But traditionally, via bank, you get interest upfront and capital upon maturity

vanvickie:
Hi guys,

Please can I opt for my interest to be paid at the end of the tbills tenor (so as to get the implied yield) in both primary and secondary market? Or is secondary market always debited at the discounted rate?

Batman2412:
With tbills via I-invest app, you get interest and capital upon maturity. But traditionally, via bank, you get interest upfront and capital upon maturity

Thanks for your reply, however, I am a bit skeptical about the I-INVEST APP, is it safe to use, are the funds as safe as they would be if is done via the bank?

Shalom428:
Today's rate

Next tbills rate please

vanvickie:
Thanks for your reply, however, I am a bit skeptical about the I-INVEST APP, is it safe to use, are the funds as safe as they would be if is done via the bank?

I-invest is safe, I've been using them for almost 3yrs now

RayRay06677:
Please kindly update if you've been paid for 2038 bond that was due on the 21/12/2024.

I am yet to see a trace, Christmas is almost crumbling.

. Good afternoon, please how do I buy this bond you people are talking about

Compliment of the season everyone,
Please i put in for treasury bill on March 2024 with Guranty Trust Bank.
I no longer see information about it on my Bank App.
Is it same for everyone that invested through GTBank?
If No, what can I do?

Akerewe:
Next tbills rate please

8th January, 2025. Key in on the 6th or latest 7th January.

emdeeCreativeW:
Compliment of the season everyone,
Please i put in for treasury bill on March 2024 with Guranty Trust Bank.
I no longer see information about it on my Bank App.
Is it same for everyone that invested through GTBank?
If No, what can I do?

Yes it's same with everyone since they upgraded their banking service.

I don't know why they are yet to update the app.

Shalom428:
8th January, 2025. Key in on the 6th or latest 7th January.

Ok good, thanks

tabithababy:
. Good afternoon, please how do I buy this bond you people are talking about

You can buy from a stockbroker; I am dealing with AFRINVEST for now.

RayRay06677:
You can buy from a stockbroker; I am dealing with AFRINVEST for now.

will i still get the same percentage as per the government.

Shalom428:
Today's rate

how can i key to the official rate as a secondary investor
please which broker gives discounts upfront i mean the online investment platform like afrinvestor and the rest