Stats: 3,191,131 members, 7,943,077 topics. Date: Sunday, 08 September 2024 at 03:19 AM |
Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4625366 Views)
Fixed Deposits Or Treasury Bills, Which Is Better? / Fixed Deposit And Treasury Bill Investments From Abroad / I Need Information On Treasury Bills In Nigeria (2) (3) (4)
(1) (2) (3) ... (2190) (2191) (2192) (2193) (2194) (2195) (2196) ... (2262) (Reply) (Go Down)
Re: Treasury Bills In Nigeria by Akerewe(m): 9:43am On Jan 30 |
RayRay06677: Any luck for stanbic this time around nd what's their rate |
Re: Treasury Bills In Nigeria by playces: 9:54am On Jan 30 |
It's not only you. I'm more touched. This one touch me, pls everyone I hope it’s not too late to buy dollar now?[/quote] |
Re: Treasury Bills In Nigeria by Itsrm(m): 10:21am On Jan 30 |
Foodempire: Itsrm: Wotowotoman: Who is the stupid one now? Clown |
Re: Treasury Bills In Nigeria by Tranquility2345: 11:16am On Jan 30 |
Itsrm: Wait o. So you are comparing buying dollars when Naira is down to buying stocks when stock prices are down? Chai. Which kind dull people be this wey man pikin dey jam for this Nairaland ![]() |
Re: Treasury Bills In Nigeria by Itsrm(m): 11:22am On Jan 30 |
The other attention seeking clown ignored. |
Re: Treasury Bills In Nigeria by Akerewe(m): 12:37pm On Jan 30 |
. |
Re: Treasury Bills In Nigeria by tundebasic(m): 4:33pm On Jan 30 |
skydiver01:Thanks so much. I appreciate this information. 1 Like |
Re: Treasury Bills In Nigeria by OgogoroFreak(m): 6:31pm On Jan 30 |
Treasury bill people. Long time. Na wa o, how u people dey cope with tbills in this economy? |
Re: Treasury Bills In Nigeria by RayRay06677(m): 7:17pm On Jan 30 |
Akerewe: I went with AFRINVEST and they got paltry 15,2% |
Re: Treasury Bills In Nigeria by Akerewe(m): 7:55pm On Jan 30 |
RayRay06677: Good, stanbic got it all also |
Re: Treasury Bills In Nigeria by VeeVeeMyLuv(m): 8:00pm On Jan 30 |
stephano100:No! It not too late! These guys who should protect and defend the country are determined to take it to 10k to a $. I can see through the body language even though their mouths talks otherwise |
Re: Treasury Bills In Nigeria by manwomanok: 12:34am On Jan 31 |
Akerewe: at what rate stanbic get it for you |
Re: Treasury Bills In Nigeria by manwomanok: 12:36am On Jan 31 |
can someone explain this to me pls |
Re: Treasury Bills In Nigeria by manwomanok: 12:41am On Jan 31 |
and... What is the NOMINAL AMOUNT and CASH AMOUNT what is the accrued interest |
Re: Treasury Bills In Nigeria by Akerewe(m): 5:37am On Jan 31 |
manwomanok: @15.4℅ for 2038 |
Re: Treasury Bills In Nigeria by Akerewe(m): 5:39am On Jan 31 |
manwomanok: Which of the fgn bond is this |
Re: Treasury Bills In Nigeria by Akerewe(m): 5:46am On Jan 31 |
manwomanok: Which of the fgn bond is this From which bank What's the clean price At what interest rate |
Re: Treasury Bills In Nigeria by manwomanok: 8:16am On Jan 31 |
Akerewe: FGN bond March 2027 |
Re: Treasury Bills In Nigeria by skydiver01: 9:38am On Jan 31 |
It simply means the price of the FGN bond maturing March 2027 was sold to you at cN103.07 (clean price). Because it is above the nominal price at the time of issue (N100) it makes your yield ~15% per annum till it matures (Maturity Date). manwomanok: |
Re: Treasury Bills In Nigeria by skydiver01: 9:49am On Jan 31 |
The nominal amount is the value of the bonds you were sold which will be paid at Maturity. The cash amount is the price you paid for each unit of the bond i.e., cN103.07 plus the accrued interest since the last coupon date - in this case the last coupon payment was made on c17 Sept 2023. The accrued interest from 17 Sept 2023 to 31 Jan, 2024 has to be paid by the buyer of the bond. That's what is called the dirty price - in this case being cN109.15. But don't worry about that because you get it all back (the accrued interest) at the next coupon date (in this case March 17, 2024). The dirty price simply includes the accrued to the settlement date of when a bond is bought/purchased. So the cash amount of cN13.1m is what will be debited from your account sometime today. Hope the above explanation helps. ![]() manwomanok: 3 Likes |
Re: Treasury Bills In Nigeria by NL1960: 9:59am On Jan 31 |
skydiver01: Great explanation. Some questions. If the buyer will be paid N12m at the maturity date of the bond and the buyer's account is now being debited for N13m, that is already a difference or suppose loss of N1m. Will that amount be recovered by the buyer through the periodic coupon payments?. |
Re: Treasury Bills In Nigeria by manwomanok: 9:59am On Jan 31 |
skydiver01: Thank you sir i noticed an amount of 12m nominal value and amount of 13.09m which is cash amount. what is the cash amount mean? is the different bank commission/charges I want to learn |
Re: Treasury Bills In Nigeria by skydiver01: 10:49am On Jan 31 |
I cannot explain it more than I have shown in the table below. ![]() manwomanok:
|
Re: Treasury Bills In Nigeria by skydiver01: 10:51am On Jan 31 |
Yes it will be recovered ![]() NL1960: 1 Like |
Re: Treasury Bills In Nigeria by manwomanok: 10:56am On Jan 31 |
skydiver01: very clear explanation. only that i cant understand where you get the unit from. the 120,000 unit |
Re: Treasury Bills In Nigeria by skydiver01: 11:02am On Jan 31 |
The units of bonds purchased is the nominal value divided by N100 (N12,000,000/100 = 120,000 units) ![]() manwomanok: |
Re: Treasury Bills In Nigeria by Akerewe(m): 11:09am On Jan 31 |
manwomanok: In a layman's language....... Normally u get paid every six month, making it twice in a year. If u buy now u r to collect the first coupon in six month but in ur case u r getting ur first coupon in March this year. That's y we have the dirty price for u to pay since September in order to close the gap. U will get 12m at maturity because u r paying for September to January from the 13m then by March u get six months payment instead of 3 months u genuinely bought. It's like u r paying upfront for 3 months then u will b paid ur 3 months back from the coupon u will get in March instead of counting fresh six months. |
Re: Treasury Bills In Nigeria by Akerewe(m): 11:23am On Jan 31 |
skydiver01: Pls what happened when NOMINAL VALUE IS MORE THAN THE CASH AMOUNT? |
Re: Treasury Bills In Nigeria by ogawisdom(m): 11:51am On Jan 31 |
1USD = 1530 today On Jan 3rd, 2024, I bought more USD at 1230 thinking it was too high. It has been my best financial decision so far in 2024. Though I have made alot but not happy BC our naira is losing massive value daily. I went to buy two tyres for my car yesterday and I almost developed deaf ears from the prices quoted ![]() It will get better but we don't know when ![]() 4 Likes |
Re: Treasury Bills In Nigeria by skydiver01: 12:06pm On Jan 31 |
The value of the NOMINAL VALUE will exceed (be more than) the CASH AMOUNT when the bid price of the bond rises and exceeds N109.15 on the secondary market ![]() Akerewe: |
Re: Treasury Bills In Nigeria by Akerewe(m): 12:24pm On Jan 31 |
skydiver01: Is the attached bond advice normal? I discovered it's the opposite of the subject matter. Pls advice accordingly |
Re: Treasury Bills In Nigeria by manwomanok: 12:32pm On Jan 31 |
Akerewe: what is that FREQUENCY (2) and BASIC (1) mean |
(1) (2) (3) ... (2190) (2191) (2192) (2193) (2194) (2195) (2196) ... (2262) (Reply)
Nigerian Stock Exchange Market Pick Alerts
Viewing this topic: 1 guest(s)
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 35 |