₦airaland Forum

Thanks for a more balanced view. I think I will agree with you

awesomeJ:
Thanks for dropping this. Here's what I think:
For the rest of the quarter, discount rates will remain in the 18% range. Of the 1.23trn bills to be sold in the quarter, only about 22bn will be fresh issue. What I feel the DMO is considering now is a balanced mix of the debt portfolio to avoid getting the FG choked on debt service cost.

@Mr Gavrielno, you can always request for your bank statements if the need arises, your T-bills investment must reflect in them. But as long as your bank is a licensed commercial bank, you should have absolutely no worries.

How long before one knows if his bid for the primary market was successful? I mean until the bank deducts or not?

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awesomeJ:
Thanks for dropping this. Here's what I think:
For the rest of the quarter, discount rates will remain in the 18% range. Of the 1.23trn bills to be sold in the quarter, only about 22bn will be fresh issue. What I feel the DMO is considering now is a balanced mix of the debt portfolio to avoid getting the FG choked on debt service cost.

@Mr Gavrielno, you can always request for your bank statements if the need arises, your T-bills investment must reflect in them. But as long as your bank is a licensed commercial bank, you should have absolutely no worries.

God Bless you Bro.. I was really worried. ..
I bank with GTBANK

miella:
I'm still waiting too. I missed the last primary auction. I don't want to miss this week's own again

I wish you luck even as I anticipate too. I hope Stanbic doesn't fail me

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miella:
Mine is GTbank Fingers crossed

I prefer Stanbic services in stuffs like this. I had to jettison gtb n move cash

miella:
Mine is GTbank Fingers crossed

GT debited me today. I got 13.2% for 91 day tenor.

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miella:
Thanks. I just got the alert too (18.25% for 364 days).

Wanna be like you when I grow. I rather do 91 *4 though.

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miella:
Mine was successful. I just got the alert now.

Congrats.

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miella:
It is better to go for longer tenor especially if the amount you are investing is high. The interest I got is yummy

For example, see the difference between investing N100,000 for 364 days and the same N100,000 for 91 days below:

If you invest N100,000 for 364 days at a rate of 18.65%, your interest will be N18,650.00.

While for 91 days @ 13. 6% your interest will be N3,390.68

Now if you multiply 3,390.68 * 4, your interest will be N13,562.72 (if you invest four times in a year for 91 days each)

So you can see longer tenor will give higher interest. Now imagine if you invest like N4,000,000.00, the difference will be very high

Valid point. Period in-between investments will be for review: to invest or not. I thought about it too. By the way the rate of 364 may be higher when I plan to go in for it.

miella:
18.25% for 364 days. Last primary market auction rate was better than this though

Still okay . I made my bid on Monday. I hope it doesn't affect my chances

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miella:
I don't think that should affect it.

I will just wait till I hear from other Stanbic patronisers here

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Thank God your long wait is over.

miella:
Mine was successful. I just got the alert now.

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miella:
Alright. Good luck!

@40manlappy, I can see you Twale Sir!

Madam, I don run comot here

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Pls what was today's rate for 182days?

Please how long does it take to see the upfront payment after primary auction has taken place.

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14 June 2017 Auction Stop Rates

91 days 13.5%

182 days 17.3%

364 days 18.69%

miella:
Lol

Danke!

Are you versed in German?

FBN Secondary Rates for 16th June 2017 :

90 Days - 14%
202 Days - 18.15%
237 Days - 18.5%

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miella:
That is a good point too but we all have our preferences

Nothing is as appealing as an open-minded person