I pray rate go higher in the next auction day october 3rd

opomulero:
I pray rate go higher in the next auction day october 3rd

u dont pray for rates to go up ....u analyse the fundamentals eg , debt sustainability , pay back ability ,inflation ,recession ,growth this purely capitalism no need for prayers just brain ....infact the more people we tell about treasury bill the bad for us capitalist investors .....rate will crash when more people find out that why it was raised to 50 m to keep the cabal smiling it an unfair world .....Make the kill

Alikote:
u dont pray for rates to go up ....u analyse the fundamentals eg , debt sustainability , pay back ability ,inflation ,recession ,growth this purely capitalism no need for prayers just brain ....infact the more people we tell about treasury bill the bad for us capitalist investors .....rate will crash when more people find out that why it was raised to 50 m to keep the cabal smiling it an unfair world .....Make the kill

I saw a caption that CBN increased the TBill auction to something billion naira, couldnt remember the actual figure. Thats why i said so

opomulero:


I saw a caption that CBN increased the TBill auction to something billion naira, couldnt remember the actual figure. Thats why i said so

increasing the volume mean more cheap fund available to the cbn likely lead to price crash ...under subscription lead to rate spiking

opomulero:
I pray rate go higher in the next auction day october 3rd

So you think that if bid is 1 trillion and CBN wants only 100Billion, rates will go higher abi?.

Nigeria Plans to Sell $5.5 Billion of Eurobonds by Year-End

https://www.bloomberg.com/news/articles/2017-09-27/nigeria-plans-to-sell-5-5-billion-of-eurobonds-by-year-end

Nigeria’s overall foreign debt, which includes funds from partners and the Export-Import Bank of China, stood at $15.1 billion as of June 30, while domestic debt was 14.1 trillion naira, the National Bureau of Statistics said Sept. 19. The government wants to increase the proportion of foreign borrowing to 40 percent of total debt stock from under 30 percent currently, Oniha said.

“That will reduce the government’s borrowing costs,” she said. There is an almost 10 percentage-point spread between domestic and foreign borrowing costs and the restructuring debt plan will help save government hundreds of million dollars in financing costs, Oniha said.

Nigeria’s Eurobonds yield 6.06 percent on average, compared with 15.98 percent for its naira debt, according to Bloomberg indexes





If the federal govt pulls this thru....be prepared for TB rates as low as 10% from January next year!!

Buy as much Tbills as you can buy now!!

feelamong:
Nigeria Plans to Sell $5.5 Billion of Eurobonds by Year-End

https://www.bloomberg.com/news/articles/2017-09-27/nigeria-plans-to-sell-5-5-billion-of-eurobonds-by-year-end

Nigeria’s overall foreign debt, which includes funds from partners and the Export-Import Bank of China, stood at $15.1 billion as of June 30, while domestic debt was 14.1 trillion naira, the National Bureau of Statistics said Sept. 19. The government wants to increase the proportion of foreign borrowing to 40 percent of total debt stock from under 30 percent currently, Oniha said.

“That will reduce the government’s borrowing costs,” she said. There is an almost 10 percentage-point spread between domestic and foreign borrowing costs and the restructuring debt plan will help save government hundreds of million dollars in financing costs, Oniha said.

Nigeria’s Eurobonds yield 6.06 percent on average, compared with 15.98 percent for its naira debt, according to Bloomberg indexes





If the federal govt pulls this thru....be prepared for TB rates as low as 10% from January next year!!

Buy as much Tbills as you can buy now!!

Thanks boss, my money don finish.

feelamong:
Nigeria Plans to Sell $5.5 Billion of Eurobonds by Year-End

https://www.bloomberg.com/news/articles/2017-09-27/nigeria-plans-to-sell-5-5-billion-of-eurobonds-by-year-end

Nigeria’s overall foreign debt, which includes funds from partners and the Export-Import Bank of China, stood at $15.1 billion as of June 30, while domestic debt was 14.1 trillion naira, the National Bureau of Statistics said Sept. 19. The government wants to increase the proportion of foreign borrowing to 40 percent of total debt stock from under 30 percent currently, Oniha said.

“That will reduce the government’s borrowing costs,” she said. There is an almost 10 percentage-point spread between domestic and foreign borrowing costs and the restructuring debt plan will help save government hundreds of million dollars in financing costs, Oniha said.

Nigeria’s Eurobonds yield 6.06 percent on average, compared with 15.98 percent for its naira debt, according to Bloomberg indexes





If the federal govt pulls this thru....be prepared for TB rates as low as 10% from January next year!!

Buy as much Tbills as you can buy now!!

Please Oga feelamong, kindly open a thread for this eurobond

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Alikote:
not really also lost 2 bids cos of over subscription for the one year paper by almost 400 bn ,our banks placed bid in above stop rate hence money bags from oversea won most of the bid ,this what the cbn wanted to attract since jan when rate hit 18.5 they refuse to come cos of fear of the naira might have drop when their investment mature ....example u convert 100,000 dollar to 36 m naira to buy treasury bills then after one year u try to convert 42 million naira to dollar and naira crashed to 500 your dollar is now 84 thousand dollars u have made a gross loss of 16000 dollar excluding fees of transferring money to Nigeria .

but with dollar reserve at 32 billion dollar and climbing crude prices ,peace in Niger delta ,OPEC exemption of Nigeria and futher cut in production by member and several hurricane this mix of positive sign that they monsters called hedge fund manager in emerging markets will eat up the one year paper and the cbn prefer that cost of dollar inflow to ease up exchange rate and inflation ,the might even double gain if the naira recover to 280-305 as planned by cbn hence 42 m naira profit /280 made from 100 k dollar investment will now be 150,000 dollar they can never get this in their develop countries .....for now if u have 50 m above u can place your bid at 16.3 in the next auction or through investment bank that will bid lower cos for now the over 300 bn left over last bid is still much available by this monsters to bid next week at 16.2 they have the volume to make a kill ...advice to comrade..the cbn has left small investors that stood by the Nigerian naira when going was bad for it ...now your option is look for secondary market bid of 17 percent for 300 day above or bid 6 months to reinvest with this ur average interest might be 14.5 to 15....... or buy up the sukku bond at 16.7 for 7 years and have peace and reinvest the bi annuall coupon on treasury bils NB typo error acknowledge ...

Please, 16.3 for what tenure, 182days or 364days?

Santino1:


I know. I have Naira denominated T-Bills to service my Naija expenditures. However, My Euros have not been earning money. They are just sitting in my bank account and I for one hate my money to sit idle. You know the saying "You use money to make money".

Cheers

I am also in your shoe. I have some coins in T-Bill but my dollars have not been earning anything.....just sleeping in my account. I will have to read more on the Eurobonds.

Does anyone know where to easily access soft loan of between #200k and #500k needed under three months (100 days) in Abuja for business expansion?
Tell me your interest and other T&C.

feelamong:


No sir... maybe will consider that when am done with the Cryptos businesses

Do you also invest in eurobond?

slendxy:


Do you also invest in eurobond?

yes sir.. I do!

feelamong:

yes sir.. I do!

Kindly enlighten us how to go about it as you did with TBill, sir.

feelamong:


yes sir.. I do!

@feelamong
What do you think the rate for next week's Pry Market will be (6months and 1year)
It dropped from 17.7% to 17% last auction.
Maybe dropping to 16.5? or 16?

feelamong:
Nigeria Plans to Sell $5.5 Billion of Eurobonds by Year-End

https://www.bloomberg.com/news/articles/2017-09-27/nigeria-plans-to-sell-5-5-billion-of-eurobonds-by-year-end

Nigeria’s overall foreign debt, which includes funds from partners and the Export-Import Bank of China, stood at $15.1 billion as of June 30, while domestic debt was 14.1 trillion naira, the National Bureau of Statistics said Sept. 19. The government wants to increase the proportion of foreign borrowing to 40 percent of total debt stock from under 30 percent currently, Oniha said.

“That will reduce the government’s borrowing costs,” she said. There is an almost 10 percentage-point spread between domestic and foreign borrowing costs and the restructuring debt plan will help save government hundreds of million dollars in financing costs, Oniha said.

Nigeria’s Eurobonds yield 6.06 percent on average, compared with 15.98 percent for its naira debt, according to Bloomberg indexes





If the federal govt pulls this thru....be prepared for TB rates as low as 10% from January next year!!

Buy as much Tbills as you can buy now!!

I think u should start a eurobonds thread and let's weigh our options.

samkay12:

@feelamong
What do you think the rate for next week's Pry Market will be (6months and 1year)
It dropped from 17.7% to 17% last auction.
Maybe dropping to 16.5? or 16?

Today's trade in the Secondary market should give us some directions..

zamirikpo:


I think u should start a eurobonds thread and let's weigh our options.

Seriously considering that....Cryptos take a lot more of my spare time these days and you know that that market is 24hr non stop!
There if you sleep you loose..

Can anyone Kindly advise about euro bonds?

emmanuelewumi:




Same here,I did 87 days on Monday 25th September 2017 for 13% and another 283 days for 17% all from First Bank.

I will definitely have a premature termination of the investments to partake in the forthcoming right issues of Lafarge WAPCO and Flour Mills if Nigeria

Please if you want to terminate your investment earlier than the maturity date what will be the consequence or penalty

Same question, over and over again. Becoming boring.

Hello House,

Please inform us of the TB secondary rates at STIBTC & First Bank as at today across the available tenors.

Thanks

walexlo78:
Hello House,

Please inform us of the TB secondary rates at STIBTC & First Bank as at today across the available tenors.

Thanks

And Urn pls

Pls house I need your advice on this
I have #300k with Stanbic MMF which gives me #149-#150 per day. My questions are
-should I continue with the MMF or
-redeem it and put it in Treasury bill since I don't need it in the next 6months. Thanks

Desanta:
Same question, over and over again. Becoming boring.

Oh yes and it's because many people are really lazy.
They want to be spoon fed. I don't know why some people find it difficult to go back to read previous posts to aquint themselves with what happened in their absence from the forum.

Same question was asked just few pages back and don't be suprised to see same next week

Kemade2007:
Pls house I need your advice on this
I have #300k with Stanbic MMF which gives me #149-#150 per day. My questions are
-should I continue with the MMF or
-redeem it and put it in Treasury bill since I don't need it in the next 6months. Thanks

It's best you take decisions after calculating. Let me guess you ain't conversant with that. I help with the calculations and you make the decision.

For MMF earning say #150 per day.
If you tie your fund down for 6months(182 days), we have

#150 × 182days = #27,300.
The truth is the current rate that's yielding you #149 - #150 per day is subject to change and in this case, it would reduce further since the economy is recovering and thereby reduce your expected interest for the 6months(182 days), so it ain't sure you would get up to #27k because as the rate reduces for NTB and bonds(since it is the pry instruments MMF invest your funds), your MMF also reduces but the good part is, you can easily terminate the MMF within the 6months without incurring penalty, if you've held it for more than 1month.

For NTB,
Using the last rate for 182 days of 16.8%, we have from SI

P = 300,000, R = 16.8%, T = 182÷365 = 0.49863
I = #25,131.

If you deduct bank charges, as well as other minute fees which when summed up shouldn't be more than 2000. So, you should be getting about #23,000plus within the 6months duration. The good thing here is, you get paid upfront interest, and the interest is not subject to changes due to Economic outlook of the country for the next 6months, while the somewhat demerit is that if and only if, you wish to terminate the NTB Investment it's going to affect your profits either positively or negatively.

The choice is yours, do make your decision wisely! Regards

Houstency:


It's best you take decisions after calculating. Let me guess you ain't conversant with that. I help with the calculations and you make the decision.

For MMF earning say #150 per day.
If you tie your fund down for 6months(182 days), we have

#150 × 182days = #27,300.
The truth is the current rate that's yielding you #149 - #150 per day is subject to change and in this case, it would reduce further since the economy is recovering and thereby reduce your expected interest for the 6months(182 days), so it ain't sure you would get up to #27k because as the rate reduces for NTB and bonds(since it is the pry instruments MMF invest your funds), your MMF also reduces but the good part is, you can easily terminate the MMF within the 6months without incurring penalty, if you've held it for more than 1month.

For NTB,
Using the last rate for 182 days of 16.8%, we have from SI

P = 300,000, R = 16.8%, T = 182÷365 = 0.49863
I = #25,131.

If you deduct bank charges, as well as other minute fees which when summed up shouldn't be more than 2000. So, you should be getting about #23,000plus within the 6months duration. The good thing here is, you get paid upfront interest, and the interest is not subject to changes due to Economic outlook of the country for the next 6months, while the somewhat demerit is that if and only if, you wish to terminate the NTB Investment it's going to affect your profits either positively or negatively.

The choice is yours, do make your decision wisely! Regards

Thanks so much for the analysis.

CBN Sells N53b Treasury Bills Via Secondary Markets
https://www.businesspost.ng/2017/10/01/cbn-sells-n53b-treasury-bills-via-secondary-markets/

This eurobond talk has been sounding interesting so i did some little findings and this is what I understood about it, Pls correct me if I am wrong.

Mutual fund houses like FBN, don't place a fixed yield on your capital, instead the money grows as the Price/Unit increases. So regardless of the rate Nigeria offers her eurobond, it seems investors are at the mercy of the price of each unit.
Just like stocks where price per share gets up, so does your capital.

eg If FBN puts a Unit at a price of $100/Unit
and I purchase 100units which is 10thousand dollars

If the price/unit becomes $150/unit after 6months,
it means I am $5,000 richer.
If the price/unit remains stagnant, it means no gain.
(pics from First bank quest below)

This is how I understand it oo, I could be wrong.

Also knowing that proceeds of the eurobond would be sent to my domicillary account and not given to me cash, Problem could arise during withdrawal.

Banks are fond of hoarding dollars whenever one wants to withdraw from his/her domiciliary account, they prefer to pay the naira equivalent which means using the official rate lool.

Using the same example above, although I made 5k, wouldn't it be extra cool if I could withdraw the total sum in CASH with the hope of selling it off in the black market?
I could even make more if naira had devaluated by that time I want to sell off


Oga feelamong and the experts here, am I correct in my assertion? If yes, How do you dribble the bank staffs to get the raw currency rather than the naira equivalent ,lol

Ps: Jan 2017 its $104/share
August 2017 its $109/share
not even a 5% increase
that's about 4.8% Gross Profit
after deduction of management fee as retail investor which is (1.5%) , my true profit would be 3.3% of my capital

Bros Feelamong abeg come explain oh.

Hello Great people of great minds ..I have been following this trend for sometime now and i thank you for all your brilliant ideas and contributions .I have made my mind to start investment...Please am new in treasury bills and i want you people to help me out with your intelligent advice. ....I stays in Benin city and i have account with first bank.I want to know the first bank branch in Benin where i can buy tb from secondary market..My branch manager told me that there is no tb in secondary market...I think he lied to me ....Is there anybody who does tb before here in Benin? please, help your brother. I don't want my money to stay idle in my account..

I have been facing this problem too in benin, I've only been able to buy from primary market. I suggest you check out first bank office in ring road.

Destinydele:
Hello Great people of great minds ..I have been following this trend for sometime now and i thank you for all your brilliant ideas and contributions .I have made my mind to start investment...Please am new in treasury bills and i want you people to help me out with your intelligent advice. ....I stays in Benin city and i have account with first bank.I want to know the first bank branch in Benin where i can buy tb from secondary market..My branch manager told me that there is no tb in secondary market...I think he lied to me ....Is there anybody who does tb before here in Benin? please, help your brother. I don't want my money to stay idle in my account..