ernie4life:
Just as anticipated,
prices of Eurobonds have increased leading to a drop in yields, almost all corporate bonds are trading at a premium right now
it will drop further once the anticipated eurobonds starts maturing or are called,
there is bound to be so much dollar liquidity soon.

Can you tell us the one that is currently ongoing that one can invest in? I have a dom account with zenith with over 20k$. Thanks!

Agbaletu:

Can you tell us the one that is currently ongoing that one can invest in? I have a dom account with zenith with over 20k$. Thanks!

You can go for any one, it's secondary market

ernie4life:


You can go for any one, it's secondary market

Thanks!

Nice thread here on Eurobonds.......

Been investing in Eurobonds for some years now. I am currently looking for a coy that will arrange a flexible approach to it. Being able to take out some of my capital without any penalties....

is there any company that can allow me operate the Eurobond like a Mutual fund and also has some good yield. A couple of coys i have checked have very poor yields for such products

feelamong:
Nice thread here on Eurobonds.......

Been investing in Eurobonds for some years now. I am currently looking for a coy that will arrange a flexible approach to it. Being able to take out some of my capital without any penalties....

is there any company that can allow me operate the Eurobond like a Mutual fund and also has some good yield. A couple of coys i have checked have very poor yields for such products

The best i can help you with is offer market determined trades,
meaning if you buy at market today and tomorrow you want to liquidate part or all, we wont charge you any penalty but we will also trade at market price, which could either be a discount or premium, what do you say?

what is the minimum amount i can buy fromt eh secondary market

Just2endowed2:
what is the minimum amount i can buy fromt eh secondary market

Depends on the firm you are dealing?

Well done Ernie4life.
Tried emailing you.
Saw a notification of your response but couldnt access mail.
Kindly send me details of current offers and brokers I can use.
youngbobos@gmail.com
Thanks

ernie4life:





The best i can help you with is offer market determined trades,
meaning if you buy at market today and tomorrow you want to liquidate part or all, we wont charge you any penalty but we will also trade at market price, which could either be a discount or premium, what do you say?

I already have such with a couple of Investment houses.

Just looking for one that operates like Mutual fund where I can easily earn at a good rate and still be able to take out funds when needed without having to sell down my position..

feelamong:
Nice thread here on Eurobonds.......

Been investing in Eurobonds for some years now. I am currently looking for a coy that will arrange a flexible approach to it. Being able to take out some of my capital without any penalties....

is there any company that can allow me operate the Eurobond like a Mutual fund and also has some good yield. A couple of coys i have checked have very poor yields for such products

Long time sir, Do u still have interest in eurobond when u do crypto? Still thinking of the best out of the 2. since i will not b needing the $$ soon.

feelamong:


I already have such with a couple of Investment houses.

Just looking for one that operates like Mutual fund where I can easily earn at a good rate and still be able to take out funds when needed without having to sell down my position..

Then you can try dollar mutual funds

https://dmo.gov.ng/index.php
Attached is the FGN eurobonds and Diaspora bonds
Indicative and coupon rates

OakPearl:
Well done Ernie4life.
Tried emailing you.
Saw a notification of your response but couldnt access mail.
Kindly send me details of current offers and brokers I can use.
youngbobos@gmail.com
Thanks

Thanks for your prompt response Ernie.
Will be in your office soon.

tritritri:



Long time sir, Do u still have interest in eurobond when u do crypto? Still thinking of the best out of the 2. since i will not b needing the $$ soon.

I do cryptos for long and also short term trades......they are both speculative to a large extent.

I also think that Eurobond is also a non speculative way to keep value...

feelamong:


I do cryptos for long and also short term trades......they are both speculative to a large extent.

I also think that Eurobond is also a non speculative way to keep value...

Yeah thats true

ernie4life:




Yeah thats true

One would think with all that is happening this particular thread should be active.

Hello everyone.

Hello friend, longest time.

GonFreecss1:


One would think with all that is happening this particular thread should be active.

Hello everyone.

Hello friend, longest time.

yeah long time, trust you are good?

yeah, diamond bank is maturing today, investors will be in search of new bonds to invest in which will definitely drive prices up and yields down,
what most smart investors did was to sell off diamond bank last week and buy other bonds before the price increase but then some people are still caught in the web.

ernie4life:




yeah long time, trust you are good?

yeah, diamond bank is maturing today, investors will be in search of new bonds to invest in which will definitely drive prices up and yields down,
what most smart investors did was to sell off diamond bank last week and buy other bonds before the price increase but then some people are still caught in the web.

Interesting.

How do one trade on this fixed market instruments though?

ernie4life:




yeah long time, trust you are good?

yeah, diamond bank is maturing today, investors will be in search of new bonds to invest in which will definitely drive prices up and yields down,
what most smart investors did was to sell off diamond bank last week and buy other bonds before the price increase but then some people are still caught in the web.

https://dmo.gov.ng/fgn-bonds/eurobonds-trading/2808-nigeria-eurobonds-and-diaspora-bond-closing-prices-and-yields-as-at-may-31-2019/file

Do u think it adviceable i go for a NOV 2025 eur bond ?
Any cooperate eurbond with better yield at the moment ?

tritritri:


https://dmo.gov.ng/fgn-bonds/eurobonds-trading/2808-nigeria-eurobonds-and-diaspora-bond-closing-prices-and-yields-as-at-may-31-2019/file

Do u think it adviceable i go for a NOV 2025 eur bond ?
Any cooperate eurbond with better yield at the moment ?

Its a good buy trust me, most high yielding corporate eurobonds have been called or will be called soon, the few remaining are trading at premium to balance for the high coupon

ernie4life:


Its a good buy trust me, most high yielding corporate eurobonds have been called or will be called soon, the few remaining are trading at premium to balance for the high coupon

Why r dey been called before maturity ?? anything to be worried abt..most banks r calling paying up this year.
The recently ETI bond wat ur thought

tritritri:


Why r dey been called before maturity ?? anything to be worried abt..most banks r calling paying up this year.
The recently ETI bond wat ur thought

Nothing to be worried about the calls.
Call options are put in bonds so that if interest rate falls below the level it was when it was issued, the issuer can call if off and reissue at lower rate,

Its pure business

ernie4life:


Nothing to be worried about the calls.
Call options are put in bonds so that if interest rate falls below the level it was when it was issued, the issuer can call if off and reissue at lower rate,

Its pure business

Thanks U very much.U've really tried...pls do let us knw if dere is any new issued bond close to 9% at list as i will be waiting and arraigning d funds.

tritritri:


Thanks U very much.U've really tried...pls do let us knw if dere is any new issued bond close to 9% at list as i will be waiting and arraigning d funds.

As at now, if any institution issue any eurobonds it will be over subscribed because there is so much liquidity,

But I will surely let you know if there is any new issue

ernie4life:



As at now, if any institution issue any eurobonds it will be over subscribed because there is so much liquidity,

But I will surely let you know if there is any new issue

I will be here waiting for ur update ,

And do i have to source for dollar personally before i apply or they can take the equivalent from my acct. i av a domi but the stress of sourcing dollar since am not in the country is why am asking.

ernie4life:



As at now, if any institution issue any eurobonds it will be over subscribed because there is so much liquidity,

But I will surely let you know if there is any new issue

All right

tritritri:


I will be here waiting for ur update ,

And do i have to source for dollar personally before i apply or they can take the equivalent from my acct. i av a domi but the stress of sourcing dollar since am not in the country is why am asking.

Sourcing is from my experience cheaper and better.
If you want the firm to source for you, the will get you black market price (no compromise), if the rate is fine with you then you can transfer the naira equivalent including any transaction cost to them, then they can do the conversion and buy the bonds for you

ernie4life:


Sourcing is from my experience cheaper and better.
If you want the firm to source for you, the will get you black market price (no compromise), if the rate is fine with you then you can transfer the naira equivalent including any transaction cost to them, then they can do the conversion and buy the bonds for you

Thanks for the good job you are doing. For the new investors, it will be appreciated if you give us more details about different organizations offering the bond and the best time to invest

civilserva:


Thanks for the good job you are doing. For the new investors, it will be appreciated if you give us more details about different organizations offering the bond and the best time to invest

Most asset management firm can help you buy eurobonds, i wont like to mention names but recommend that you make sure the firm is regulated by SEC, but if you send me a PM i could tell the ones i use.

First bank Euro-bonds has been called, Eco-bank is also going to call theirs and there is no news of any new issue in sight.
This will increase liquidity and drive up demand leading to higher prices and lower yields, even Zambia that had yields of 20% plus has dropped to 15% and may drop further in the coming days especially with the news of their new finance minister which the market is reacting positively to while FGN euro-bonds had yields between 3%-7.9% depending on which you buy while most corporate euro-bonds had yields between 4%-6.9%.

What about treasury bills? you need to visit treasury bills thread https://www.nairaland.com/878880/treasury-bills-nigeria/835 some are already considering diversifying into lands due to the steady decline in rates, but is land a better alternative? that's a discussion for another day but you can read most comments on the thread and figure things out for yourself.

The Last Dangote commercial papers where over subscribed because the offered between 12% -14% cool right?
commercial papers are not always available and i bet that with the decline in rates that the next commercial paper offer will not be so juicy.

Mutual funds are not left out from the on-slaughter of low rates https://www.nairaland.com/1912965/mutual-funds/177 but lets be realistic for retail investors with much less funds mutual funds are still not so bad but for the investors with bulk funds the rates are not juicy.

Away from fixed income market and mutual funds, lets check equity space, GTbank closed 29 yesterday , Zenith 18.50 while nestle 1327 generally the market has lost a lot this year but that does not mean it cant pick up tomorrow with the right catalyst.

I spoke with an analyst friend of mine working with another investment and research firm and he told me they don't see rates rising anytime soon.

In all of this its important that every investor is careful of what kind of investment you go into, don't let the fact that rates are low push you into wonder banks or institutions not properly regulated offering unrealistic high rates, always do your due diligence, if you have dollar obligations or still want to diversify, you can still invest in high yield euro bonds with guarantee of steady coupon payments and for Naira based investments i recommend you go long term because the rates could go down further and if the reverse happens you can quickly terminate and go in at better rate.

Have you tried Greenwich Plus? Invest amd thank me later

What is the Greenwich Plus Money Market Fund?
Greenwich Plus Money Market Fund is a mutual fund which collects monies from various individuals for the purpose of investing in Treasury Bills of the Federal Government of Nigeria and Bank Deposits of investment grade Banks. The Fund aims to generate income as well as preserve investor capital by diversifying investments across a range of high- quality, short-term debt securities or money market instruments as approved by the Securities & Exchange Commission ("SEC" or "the Commission"wink; and short term debt securities issued or guaranteed by the Federal Government of Nigeria

What do I stand to gain if I invest in the Fund?
• Professional Management: Your investm ent is managed by professional fund Managers • Diversification: You are opportune to invest in a wider array of money market instruments in order to maximize return
• Simplicity: We take the strain that may be associated with direct investment off your hands
• Enhanced Liquidity: Upon request, the Fund is obligated to redeem investments within 5 working-days
• Free and Easy Entry and Exit – Free Exit: You can subscribe into and/ or withdraw from the Fund whenever you want to
• Transparent and Regulated: T he Fund is listed regulated by SEC
• Investor Protection: The Fund’s assets are held by a distinct and separate entity (Custodian) and also monitored by a Trustee and Investment Committee


What are the risks involved?
There is no risk involved in the Fund as the assets of the fund is invested in Bank Deposits and FGN Treasury Bills.

Who can invest in Fund?
Individuals, Groups/ Associations, Institutions; the Fund is open to anyone with a minimum of N 10,000 for investment. It can be used as gifts for newborns, birthdays as well as a child education/ investment/ endowment account.

How do I subscribe?
(i) Simply walk into Greenwich Trust offices, and sign* the Subscription form and attach 2 passport photos and photocopies of investor’s:
• Drivers License/ Bio Data page of your International Passport/ National I.D card
• Utility Bill showing address of the investor
(* signature should be that of the investor or such appointed person that will acting on his/her behalf)


For more info;
Email: adetomiwa.temitayo@gtlgroup.com

Great thread. What's the minimum amount one can buy eurobond