olujaidi:


Probably on the last business day of the year?

Ok . Thanks

oludy:


Today is the rental payment day. Am yet to receive any payment. Called up Lotus Capital and they said it's general and no one seems to have been paid yet. Is this the same for all of you guys?

So Dec 28th was the next payment date but falls on a Saturday. Am guessing the payment will be made today being the next working day. I hope am right and the payments wasn’t done the working day before.

Payment effected as I thought.

Lagos state just issued a 100 billion fixed rate bond, tenor is 10 years, indicative rate is between 11.75% - 12.25%

ernie4life:
Lagos state just issued a 100 billion fixed rate bond, tenor is 10 years, indicative rate is between 11.75% - 12.25%

Pls how do one subscribe

Tonygate:

Pls how do one subscribe

send me a Pm

ernie4life:


send me a Pm

What's the minimum amount one can invest? I heard it will close next week

ernie4life:
Lagos state just issued a 100 billion fixed rate bond, tenor is 10 years, indicative rate is between 11.75% - 12.25%

please help with information. sent you a mail but you are not online

X21:




please help with information. sent you a mail but you are not online

i have responded

ernie4life:
Lagos state just issued a 100 billion fixed rate bond, tenor is 10 years, indicative rate is between 11.75% - 12.25%

Please I sent you PM if you can tell me how to get it

plz in need information on this I sent u a pm

ernie4life:
Lagos state just issued a 100 billion fixed rate bond, tenor is 10 years, indicative rate is between 11.75% - 12.25%

How can I get in

omobacyprus:
How can I get in

Dear Prospective Investor,
Comercio Partners Capital Limited is delighted to announce that the Lagos State Government (“Lagos State” or “the State”) has finalized arrangements for the launch of the Series III, up to N100 Billion Bond Issuance (‘’the Issuance’’); under the State’s N500 billion Bond Issuance Programme.

The proceeds of the Issuance will enable Lagos State accelerate the development of physical and social infrastructure in the State; particularly in respect of the current government’s THEME Agenda. Lagos State is pleased to continue to access the domestic debt markets, given the very strong support garnered over the last twelve (12) years from the investor community. The State has been able to access much needed complementary funding, which augments the State’s revenues and provides the critical support required to accelerate and actualize the provision of physical and social infrastructure/amenities, thus improving the overall living standards of residents in the State.

Please find set out below the indicative terms of the proposed offer:



Issuer: Lagos State Government
Ratings (Issuer): A+ (GCR) A+ (Agusto & Co)
Ratings (Issue): A+ (GCR) Aa- (Agusto & Co)
Joint Issuing House:
Lead Issuing House: Comercio Partners Capital Limited
Chapel Hill Denham Limited
Programme Size: N500billion
Issue Size: Up to N100billion
Interest Basis: Fixed Rate
Ranking of notes Senior Unsecured
Use of proceeds: To finance physical and social infrastructural development projects in the State
Security Trust Structure Irrevocable Standing Payment Order (“ISPO”) and Consolidated Debt Service Account (“CDSA”) funded from the State’s Internally Generated Revenue
Series: III
Tenor: 10yrs
Amortisation 24 months from Issue Date
Principal Redemption: Amortized redemption commencing at the expiration of the 24 month moratorium
Indicative Coupon (%): 11.75% - 12.25%
Offer Open: December 31, 2019
Offer Close: January 13, 2020
Minimum Subscription: Minimum of N10million, with multiples of N5million thereafter
Listing: FMDQ Securities Exchange and / or The Nigerian Stock Exchange
Liquidity Status An application will be submitted to CBN for the grant of Liquidity Status, at the completion of the transaction
Tax Consideration: The bonds are tax exempt
The Book Build commences on Tuesday December 31,2019 and ends on Monday January 13, 2020.

Please find the following documents forwarded herewith, in connection with the Issuance:

Pricing Supplement (Red Herring)
Series Trust Deed
Ratings Reports (Issuer and Issue, issued by both Agusto and GCR)
Commitment Letter
PENCOM Clearance Letter

Please do not hesitate to contact any of the undersigned should you require clarification or additional information:
Steve Osho
Managing Director
0802 341 6537
Steve.osho@comerciopartners.com

Olaide Ogundeyi
Senior Associate
0815 760 8672
olaide.ogundeyi@comerciopartners.com

Kelechi Igbokwe
Analyst
0706 180 7406
kelechi.igbokwe@comerciopartners.com

Flour Mills bond

Please who has more info abt the Nigeria Breweries N45 series 5 and 6 commercial paper that was scheduled to open Feb 3.

ernie4life:
Flour Mills bond

minimum in vestment amount please

ernie4life:


https://www.nairaland.com/5010648/commercial-papers

Thanks.

Guys, pls advise me :-

I was due for my first coupon payment on my 2037 FGN bond yesterday but it is yet to me paid, making me worried
Could there be an issue or the FGN is no longer paying Or what do u think ?
Thanks for responses

Stanbic sent me this a few mins ago. Pls house I need help translating this.

What’s the actual yield/percentage I get yearly if I invest in this bonds (using that of 2037 for example)?

Thank u

Uchefrancis16:
Stanbic sent me this a few mins ago. Pls house I need help translating this.

What’s the actual yield/percentage I get yearly if I invest in this bonds (using that of 2037 for example)?

Thank u

Please what is the minimum one can invest for these bonds with stanbic

akinola98:
Guys, pls advise me :-

I was due for my first coupon payment on my 2037 FGN bond yesterday but it is yet to me paid, making me worried
Could there be an issue or the FGN is no longer paying Or what do u think ?
Thanks for responses

Hello sir

Have u been paid? Or they’ve still not paid u?

Uchefrancis16:


Hello sir

Have u been paid? Or they’ve still not paid u?

Paid . Thanks

HI All,

Can someone direct me on how to go about investing in Bonds with Stanbic

any Reply will be appreciated

thanks

Hi,
Please has anybody tried investing into Eurobond through a bank?
Thanks

Bonds are one of the most profitable investment options on a long-term basis. Therefore, it is preferred by representatives of large businesses. It is reliable, convenient and generally quite safe if you have a good understanding of the market situation.

Hello house, this forum has been quiet.Please it is important that it remainsactive for people who are newbies to continue learning about bonds. Pleas house, what is the latest with FGN bonds?

Can I grow my finances by investing in FGN bonds monthly? If yes, please how can I go about it with the same bank bank account? Thank you.

Please has anyone been paid the 12.1493% FGN jul 2034 that’s been due since the 18th of this month, these delay is very very uncommon, it’s usually mostly 2 days it clears.

mimini:
Hello house, this forum has been quiet.Please it is important that it remainsactive for people who are newbies to continue learning about bonds. Pleas house, what is the latest with FGN bonds?

Can I grow my finances by investing in FGN bonds monthly? If yes, please how can I go about it with the same bank bank account? Thank you.

Rates are falling

Heyitsme:
Please has anyone been paid the 12.1493% FGN jul 2034 that’s been due since the 18th of this month, these delay is very very uncommon, it’s usually mostly 2 days it clears.

Doesn't the 2034 mean that that's when the bond matures? How come you're expecting it now?

Nmeri17:
Doesn't the 2034 mean that that's when the bond matures? How come you're expecting it now?

Coupons are paid biannually.

Nmeri17:
Doesn't the 2034 mean that that's when the bond matures? How come you're expecting it now?

Yes 2034 is when the bond will mature and that's is when FG will refund the capital. However, the coupon which is the interest, rent or gain of the bond is paid twice yearly. I believe he was referring to the first part of the coupon for 2020.

I confirmed from Zenith bank that the minimum cost in their bank is 1 million naira. But other Banks may have other costs. Any information on that?