₦airaland Forum

Implications:


Dear Valued Investor,

We are pleased to inform you that the book build for the River Jamieson SPV Limited (“River Jamieson” or “the Issuer”) ₦25 Billion Fixed Rate Senior Guaranteed Series 1 Bond is now open. The offer opens today Monday, 7 December 2020 and is scheduled to close on Friday, 11 December 2020. Funding will be on Monday, 14 December 2020. Price guidance is 8% - 9%

The Bond is sponsored by the Edo State Government ("the State"wink and guaranteed by an Irrevocable Standing Payment Order ("ISPO"wink on the State's revenue issued by the State's Ministry of Finance. Proceeds from the ISPO shall be remitted monthly into a Sinking Fund Account, established and managed by appointed Bond Trustees (the Trustees are duly registered with the Securities and Exchange Commission), for the purpose of meeting all obligations in accordance with the Trust Deed.

The State’s focus on strengthening its public institutions, facilitating private sector investments, improving infrastructure, and facilitating public education reform has continued to yield significant benefits. The State’s Internally Generated Revenue (“IGR”) grew at 11% CAGR between 2016 and 2019 (averaging ₦24 Billion annually) with tax sources accounting for 67% of IGR. The State is embarking on this capital raise to support infrastructural investments in order to enable it improve upon its already strong growth trajectory.

Please click the button below to see the following documents.

Series 1 Pricing Supplement
Programme Document
Series 1 Commitment Form
The Series 1 Bond rating reports by Agusto & Co. (“Agusto”) and Datapro (“Datapro”)
The Sponsor’s rating report by Agusto & Co. (“Agusto”) and Datapro (“Datapro”)

Advise needed here:

The summary of the offer is presented below:

Issuer River Jamieson SPV Limited
Guarantor Edo State Government
Programme Size ₦25,000,000,000.00
Issue Size Up to ₦25,000,000,000.00
Description Series 1 fixed rate senior guaranteed bonds
Sponsor Rating ‘A-’ by Datapro
[Bbb-] by Agusto
Issue Rating ‘A-’ by Datapro
[Bbb] by Agusto
Price Guidance 8% – 9%
Tenor 5 years
Par Value ₦1,000 per unit of the Bond
Issue Price 100% of par value
Units of Sale Minimum of ₦10,000,000 (10,000 units at ₦ 1,000/unit) and multiples of ₦5,000,000 thereafter
Security Structure Irrevocable Standing Payment Order of the State and Guarantee and the full faith and Credit of the State
Issue Date [●] 2020
Maturity date [●] 2025
Book Build Opens December 7, 2020
Book Build Closes December 11, 2020
Funding Date December 14, 2020
Day Count Fraction Actual / Actual
Offer Mode Offer for subscription via a book build
Coupon Basis Fixed rate, semi-annual
Principal Redemption Basis Amortising with a 1 year moratorium
Noting FMDQ Private Markets Platform
Use of Proceeds To finance identified infrastructural projects (refer to pricing supplement)

ositadiima1:
Why are you so eager to defend MBA, enjoy your loot in peace nah.

40% return on forex trading is not attainable, at least not regularly. Chai, na only u dey the market. Mind you any expert that has such capability don't need your money, even with one million naira starting seed, giving enough years, that guy will be richer than Bill Gates and Elon combined.

At 40% monthly return the risk will be catastrophic, the best in d game maintain between 5 to 10% monthly return with moderate risk. Don't even argue cos it is public knowledge, google returns from d best hedge funds.

Even HFT, high frequency trading algorithms, run by PhDs and computer scientists don't make 40% monthly, talkless of some bunch of guys using TA and manually placing trades.

Make I no hear that 40% again from ur mouth.

YES SIR, LIKE I KEEP SAYING, I KNOW LESS BOUT IT BUT THOSE SHOUTING PONZI EQUALLY KNOW NOTHING BOUT IT

ojesymsym:
Good advise and taken.
But there is something about this Ray that still doesn't sound like the old Barry, but then advise taken, I am facing front now

ONE AND SAME PERSON

DexterousOne:
You see
That's another sweet thing about the Nigerian Stock exchange.....
No single equity can lose more than 10% of its value in one day
And you can always exit your position ASAP
Especially when the stock is liquid
Personally, I am in "one chance with UBN, and will exit that position when the price comes up just little bit, and then take a loss and go...

Or I decide to hold the stock, and them recieve the dividend before mid year
Then exit maybe in Q3.

When it comes to forex, do you guys have the luxury of exiting bad positions taken?
I'll really like to know

why exit when rate is constant, I didn't invest to exit. even mutual funds, u cant exit immediately, even our tbills, u cant exit without penalties.

lets different a failed biz from ponzi, I expect a Nigerian biz to failed, we are all risking everything in this country. the higher the risk, the higher the returns. I invested a fortune here, and its sweeting me for body. Greatest decision ever taken. 2020 is my best financial year despite I started forex in September and lowest tbills rate. Even did tbills at 3% because I had nowhere to go. make una leave me alone

ojesymsym:
Good advise and taken.

Not directed at you, referring to every one that misdirect their energy.

Make una focus on the ball,

VICTORIOUS FREEDOM.

WHO PAID THE DOWRY?

WHO HEADS THE HOME?

WHO WILL PAY THE SCHOOL FEES?

AND WHERE IS THE CHILDS ORIGIN?

FORMENTING TROUBLE WHERE THERE IS NON

DexterousOne:
You see, that's the interesting thing......
Stocks could be quickly exited if you made a wrong pick
Or things turn for the worse for the company

If your investment objective is dividend receipts (like myself for example) ; you wont even go near a stock that does not pay a dime as dividends
Unfortunately I dont much about forex
But I know one thing
It's a very volatile place
It's like the wild west

like when u buy 50kobo and the next day it becomes 2kobo, what are u withdrawing or who will buy from you?

emmanuelewumi:
I know nothing about it.


But I know you can't make 10% per month on a consistent basis, you can make 40% in January, lose 50% in February, make another 20% in March, 10% in April, lose 15% in May and gain 8% in June.

No equity fund manager will offer you a guaranteed return on investment

I know experts are employed to trade for the company, not one or two people, groups of people. ever wonder why they don't pay roi every day, its because some days are not profitable but in the average at month end, over 40% is made and u r given 10%, is that a big deal. take out time to understand before antagonizing. I am bothered that you castigate something you know nothing about. Take a challenge and learn about it, manuals are everywhere online. also read successful stories of people only live forex. Thanks

emmanuelewumi:
Will struggle to survive till end of January. They need new investors in order to postpone the end

what do you know about forex? can we share. everything you know.

We also have equities that have never paid a dime, that have failed, can we call such stocks ponzi?

ojesymsym:
I remember someone throwing a challenge at Ray to dare withdraw that his 1 million from his wallet to his bank account to prove that the money is concrete and not audio, I don't think Ray has given a feedback on that challenge except I missed it. The person staked 50k for that challenge.
Withdrrawing to wallet is easy, withdrawing to your bank account na there the wahala de start.

On a lighter note, it looks like all my friends have given up on me, no one even tried to introduce me to this scheme and I hear it has been running for about 2-3 years, una non go believe say na for this thread I even hear about am, say in the last 3 months.

the migration requires I present a stamped bank statement which I can only do from the banking hall, I am not available and will only be back for Christmas, after the verification then I might get the money. my brother, people should cry their cry, don't cry for me, relax and monitor your own investment, stop monitoring my own.

you don't have money in MBA and yet you are extremely bothered more than the investors, its my money, thanks for the concern. If MBA could boldly beg people to go take their money from 1st December till date, why are you doubting the payment, I understand that non of you know a single investor that is being owed yet you wish doom, ponzi or no ponzi, the alert is bae, bother less and face front.

What is a ponzi to you might be a life saver to another, dey your dey. don't dissipate energy irresponsibly at others financial boom.

TransAtlanticEx:
Will be long gone by then,unless of course when I come for recreation at Ibeno with family.

Very well then, we catch up anyhow, someday

TransAtlanticEx:
Ha bros,me I too like woman but na PH girls I dey like to chop,especially those ones weh still be fresher for uni.
Na them sweet pass..
Btw,me sef na Atlantic boy,na there be our workshop.
Which division you dey?Agbami offshore abi?

Too much info for a day, will be back 23rd. If still with the chick at Eket then we hook up

Chumachu:
Three options I use.

1) Open a US dorm account and save your ROI in dollars.

2) Open a piggyvest account. Download the app from appstore or playstore. Convert your naira to dollars by tapping the flex dollar account and funding it. This is better because they give a 5% to 7% interest per year.

3) Open a binance account. This is a crypto - currency app. Transfer naira to it and buy the currency called USDT. 1 USDT = 1 USD. you can also decide to fix the USDT there and get about 5% interest per annum.

My naira account is always empty except for emergency funds which I try not to keep above 500k. That 1.25% interest rate per annum offered by savings accounts in banks is appalling.

Cheers.

Who owns piggyvest. More details, thanks

TransAtlanticEx:
Rayray aka ponzi man,I dey your town ooo(Eket).Enroute
Jamestown.
See una man town here as e be like afghanistan

You are welcome, you for try show us your town for comparison. So you came to transact biz with poor men, I wonder how much you want milk them. U can only see around your cycle. Widen your space to include men of armour, james town? Heritage polytechnic ba, see wetin facebook girl don cause you. Instead of using my money to chase polytechnic girls, I better continue the ponzi. For your information, Eket is under construction, bring more pix if you can but show us your town for comparison.

Unfortunately I am not in town, very busy in the atlantic, of the babe keeps you till Christmas then we go see, coming for Christmas. Have fun but use a condom before you kpeme leave your 2 kobo investment

Lazyyouth4u:
Who is this drunkard? Go and drink water to clear your eyes abeg. Right now, you sound like an idiot!

Your upbringing is questionable, you are fill with foul vocabs, how can you succeed? its impossible, drop some filth and breadth fresh air. your comments stinks.

Lazyyouth4u:
Deep in your mind, do you even believe what you are saying that I’m a nursery school teacher? . You sef know that it is impossible na. Tell yourself the truth and it will set you free Oga.

You get who time today? No be me and you o. Go follow your fellow illiterates argue sir. You go destroy my brain cells. I don’t need that sir. Sorry to disappoint you.

By the way, I can feel that ponzi frustration in your writing. Try and be calming down sir. It’s not the end of the world. You will learn from this. Take it easy.

lazy in deeds as a youth

Lazyyouth4u:
You? My mentor? . I reject that in God’s name. God forbid bad thing. Illiterate like you.Wetin you know?? I will teach you and your generations. Better go think as you go comot your money from ponzi. Dog!

u don't need to tell us that you teach in a private nursery school, we knew poverty was your catalyst, u need more of it to learn the lessons of life. u think u r the only jobless man that has all the time to argue online, I have ur time today. imagine trying to correct dictionary meaning, what do you think u r?

Lazyyouth4u:
Are you daft? What is skin to skin in this matter? I say you cannot be my mentor if I don’t have a relationship with you. If I read your books and Facebook posting, I cannot claim to have a relationship with you because you do not know who the hell I am!

Use your brain Oga. Or just face your ponzi hustle if na the only thing wey your brain sabi carry be that.

But am your mentor as am struggling hard to educate you. Ur head too strong, e no gree enter. Now I understand why the skin to skin is required at least a good kunk will reset your dead and unilateral thinking brain. Over sabi go run you down, watch it. Unamikot

Lazyyouth4u:
Oga, please stop talking nonesense and don’t insult me again. Who are you? Read that thing well and use your brain to understand the meaning.

Mentoring is a relationship where an experienced person teaches, advices and guides a junior or less experienced person. Note the key word - relationship. How can you be my mentor when I don’t know you and you don’t personally know me? How will you be giving me advice and guiding me if you do not know me?

Stone age man, I was thinking all along you were updated. Your definition of relationship is skin to skin at this very era? U r finished

Lazyyouth4u:
Meaning??

U really deserve the photocopy of a dictionary, Pa Emma's copy and paste didn't teach you anything

Lazyyouth4u:
Do you know him personally? Does he know you? He can’t be your mentor if you do not have a relationship with him.

I’m sure you meant to say he’s one of your role models

To what end

Stop ponzi, if you must invest in ponzi, do so with less than 10% of your investable capital.

Before you nickname an investment ponzi get to understand the intrigues and not just joining the bandwagon to shout ponzi. Every business in Nigeria fails even government has failed (recession). I say if refineries with free crude are failing then everything is capable of failing. Banks with all monitoring still fails how much more business ran by a single man. That's totally different from ponzi from onset. In Nigeria, anything can happen. Pro and anti forex try rest abeg. Investors, if you didn't know what you put your money to, bros maybe you picked that money, for me that worked extremely hard for my money, I knew exactly what/where I kept my hard earned money. No regrets so far and never will I regret.

Can we discuss the new proposed and expected bills.

Is Bali really older than hi superior, pa buhari?

ahiboilandgas:
no be RayRay I sight so? Hope say him to collect this roi abi ruin dem dey call ..am

Bros, I try not to bother you guys with alert here, the crowd is as a result of the migration, office base client are asked to move to online mode where you control your account, I got paid as expected, my 1m in MBA dropped yesterday and it's pending my withdrawal. The problem am seeing here is that anything you don't understand the working is scam to you but take a few step in learning this stuffs for fun, it will shock you that it will become your source. I don't have time because of work, am learning but not at the pace I wish. I don't understand it for now, can't call it scam but if it's scam, so be it. For now, am cruising alerts.

Please kindly share any information on the new proposed bills, can't get info anywhere close by. Thanks

Good morning all, both good and bad, pro MBA and anti MBA, we the investors are smiling

I received this morning, 7am. Spread whatever you like

ahiboilandgas:
no am against u putting your money any where u like ....na u look for your money and u know how u want to spend it.......Am worried of the terms u use in describing the ponzi ....like investment , r.o.i ,risk etc this terms are for genuie verifiable ventures ....not some magic ...instead of saying i invested in a ponzi.....just say I throw away money in this BARA etc....
.
.

U Call the name, I get the money. Anything you put resources to get value is an investment. Some people are investing in cultism and are getting the corresponding returns on their investment. I invested in forex market and am getting returns. Go ahead and code name it anything, all that matters is the alert for now

ahiboilandgas:
are u really investing ?or receiving your money installments..if u put 5m and they are paying 750k monthly....it from your 5m .....no new money is created (profits)....so stop calling it investements....cos investments can yield profits or loss .....

Thanks, like I said, my mode is a happy one, barafinance woke me up as expected, 2 to go. My bros, I hope you get the cost price of your trucks the first day it set sails. I need Max of 7 months to get back capital. It's a risk, it's taken and am good.
Advise: gamble with what you can comfortably let go. I did and am enjoying it, my friends I invested for are enjoying it.

Am yet to verify if it's ponzi as am on training, when I personally enter the market, I will say if it's ponzi. For now am enjoying the fact that I get Alert every other day in multiples. What's the goal, making clean money, more money, more risk. Take it or remain average.
CAVEAT:Do not invest in ponzi. DO NOT MIND ME OR MY WAYS.

Iogobenz:
That guy is a ponzi promoter,hyping ponzi to lure people into them.
He has no money in any of those schemes,Eket Warren Buffet
Local champion.

Thanks, in good mode. Expecting over 3m from my ponzi tomorrow. Got one am getting 60k every 10 days. I get 8 times my salary every month and very excited. What else should I say. This is my 3rd month in the ponzi. Barafinance is selling rice at 25k a bag, is it a fair price as I intend buying enough for charity this Xmas.

Please nobody should follow me and invest, I strongly believe it's a ponzi but I like the alerts. Most importantly, I invested what I can forgo.

igbizen:
Barrytone has changed his moniker?

You are right, he is correct. No hidden agenda, acknowledged earlier. For security reasons as I accepted some mails which in the course of helping had exposed my identity that is meant to be what it is.