emmanuelewumi:

Just got an alert of N16350 from First Bank on the 500k investment in NTB for 91days.

At what rate?.

NL1960:


At what rate?.

Do the math 16350 multiply by 4, then divide by 500k

emmanuelewumi:

Just got an alert of N16350 from First Bank on the 500k investment in NTB for 91days.

This is a confirmation that first bank is game I.e they're continuing with it.

If this interest is Minus the deductions it should be about 13.3-4 which is fair if compared with the CBN rate @feelamong posted.

@ganasay
You bid for the secondary market through the security houses. Some banks like Stanbic and Diamond do secondary market almost on weekly basis but for FBN and GTB it is subject to availability I.e if an already existing investor intend to dispose off. So you can just visit your bank and make enquiries then bring whatever out here let's discuss.

@Ukay
I tire for Stanbic oooo... but lets just watch and see the next two or three auction before we conclude but before then you either try their secondary market or if you have FBN account you can quietly transfer your funds there against next primary auction.



@udoka
Before now the minimum amount set by the FG for investment in TB was 10k in multiples of 1k.. but different banks decided to set theirs. FBN, GTB and Stanbic had 100k as their minimum.
I once went to a UBA branch and was told their minimum was 1m so I had to withdraw my small money to where is accepted. I do not bank with Zenith so I am not familiar with happenings there.
If ur money is not up u can try another bank.

emmanuelewumi:
Do the math 16350 multiply by 4, then divide by 500k

13.08% sir please when is the next auction. I intended participating with FBN.

Has anyone bn debited by zenith

Has anyone been debited by stanbic or heard anything about success and rate for 182days ?

I got a feeling UKAY2 specified his own rate.
Did you?

MODIFIED :
I have seen that UKAY2 went with the bank rate.
Too bad.
Na to go open account with FBN.
No lele!

feelamong:
Treasury Bills Stop rates for 15th March 2017

91 days ----13.6%

182 days -----17.2%

364 days-------18.558%



How many people got rates close to this from their bankers

I gathered that GTB rate was 18% same as they did two weeks ago.
I wonder if they have an auto-robot that does it for them. 18% against 18.558% CBN rate is quite low, unless they are profiting from selling low rates to their customers who went with their bank rate.

Let us see what other banks like IBTC and FirstBank got for theirs.

@freeman,

Thanks alot, was thinking its same for all bank, why i looked for extra money to complete it 1m. doing for only 3 months, yet to get debit from my bank though.

sanerugwei:

I gathered that GTB rate was 18% same as they did two weeks ago.
I wonder if they have an auto-robot that does it for them. 18% against 18.558% CBN rate is quite low, unless they are profiting from selling low rates to their customers who went with their bank rate.

Let us see what other banks like IBTC and FirstBank got for theirs.

Would you rather then do the FG Savings Bonds of 2 years at 13.01%?.

emmanuelewumi:

Just got an alert of N16350 from First Bank on the 500k investment in NTB for 91days.

That's approx 13.1%, not too bad in my opinion

iamoasa:


That's approx 13.1%, not too bad in my opinion

It should be higher than that, this is after deducting their charges. I will get my offer letter on Monday to know the rate.

feelamong:
Treasury Bills Stop rates for 15th March 2017

91 days ----13.6%

182 days -----17.2%

364 days-------18.558%



How many people got rates close to this from their bankers

Mr @feelamong, thanks for usual insight. Here's my concern, my investment house quoted me a charge of 0.5% and I don't know if that is the norm. I contacted them and told them I'd like to bid for 364days at 18.35% but I was told that I have two options for my rate(Gross or Net). That is, Gross would mean their own 0.5% charge included in my rate, if successful, I would get 17.85% OR Net would me they would add their own 0.5% charge to my 18.35% to make it 18.85%(which ofcourse have no chance of success at the auction with inflation rate dropping.

At the end of the day, I had no choice than to go with their own rate but I told the account officer I want nothing short of 18% atleast. Lo and behold, he called me today to tell me I got 17.8% blah blah inflation blah blah. I somehow feel hard done, and thought to share my experience with our gurus in the house and hear what other investors have to say on this as well.

How does other investment houses treat you investors with them in terms of rate and all. And specifically, how does Fidelity securities treat you my oga @feelamong.

Thanks and God bless.

My tbills just matured today so I couldn't meet up with yesterday's bid. I just spoke with a rep of AXA mansard investment, they are offering me 15.88% for 91 days and 17.87% for 182 days. I had to tell her to repeat it. I guess they have a lot locked down in one year tbills at 18 point something, selling off at lesser rates. Good deal. Think I am going with them.

[quote author=manlikegb post=54647179]





Mr @feelamong, thanks for usual insight. Here's my concern, my investment house quoted me a charge of 0.5% and I don't know if that is the norm. I contacted them and told them I'd like to bid for 364days at 18.35% but I was told that I have two options for my rate(Gross or Net). That is, Gross would mean their own 0.5% charge included in my rate, if successful, I would get 17.85% OR Net would me they would add their own 0.5% charge to my 18.35% to make it 18.85%(which ofcourse have no chance of success at the auction with inflation rate dropping.

At the end of the day, I had no choice than to go with their own rate but I told the account officer I want nothing short of 18% atleast. Lo and behold, he called me today to tell me I got 17.8% blah blah inflation blah blah. I somehow feel hard done, and thought to share my experience with our gurus in the house and hear what . That's good now but you forget to tell us your investment hause ? .

MOBBDEEP:
I got a feeling UKAY2 specified his own rate.
Did you?

MODIFIED :
I have seen that UKAY2 went with the bank rate.
Too bad.
Na to go open account with FBN.
No lele!

I went with stanbic ibtc bank rate....ooooo

Though they (stanbic ibtc bank ) have offered me secondary market rates. ..

13.6% for 91 days. ....17% for 182days.....18.3% for 364days. ..

I sharply chose 18.3% for 364days. ..let me see how it goes with the secondary markets. ..


Hoping in few years time, i will grow my funds to the required CBN amount so that I can participate in the Primary market bidding

manlikegb:






Mr @feelamong, thanks for usual insight. Here's my concern, my investment house quoted me a charge of 0.5% and I don't know if that is the norm. I contacted them and told them I'd like to bid for 364days at 18.35% but I was told that I have two options for my rate(Gross or Net). That is, Gross would mean their own 0.5% charge included in my rate, if successful, I would get 17.85% OR Net would me they would add their own 0.5% charge to my 18.35% to make it 18.85%(which ofcourse have no chance of success at the auction with inflation rate dropping.

At the end of the day, I had no choice than to go with their own rate but I told the account officer I want nothing short of 18% atleast. Lo and behold, he called me today to tell me I got 17.8% blah blah inflation blah blah. I somehow feel hard done, and thought to share my experience with our gurus in the house and hear what other investors have to say on this as well.

How does other investment houses treat you investors with them in terms of rate and all. And specifically, how does Fidelity securities treat you my oga @feelamong.

Thanks and God bless.

0.5 is kind of high o, haba! What investment house is this?

ukay2:



I went with stanbic ibtc bank rate....ooooo

Though they (stanbic ibtc bank ) have offered me secondary market rates. ..

13.6% for 91 days. ....17% for 182days.....18.3% for 364days. ..

I sharply chose 18.3% for 364days. ..let me see how it goes with the secondary markets. ..


Hoping in few years time, i will grow my funds to the required CBN amount so that I can participate in the Primary market bidding

Please, can you show me the where, who & how in Stanbic of buying from secondary market?
I'm based at Uyo

Hi guys

Does anyone Trade Treasury bills as in buy, sell and compound instead of holding till maturity. I will like tips like where to get past rates and how to quickly sell once i buy, I just placed my first order for treasury bills. I participated in this last round through stanbic ibtc, I am still waiting to know how it went. Thanks

1wolex85:
My tbills just matured today so I couldn't meet up with yesterday's bid. I just spoke with a rep of AXA mansard investment, they are offering me 15.88% for 91 days and 17.87% for 182 days. I had to tell her to repeat it. I guess they have a lot locked down in one year tbills at 18 point something, selling off at lesser rates. Good deal. Think I am going with them.

Do well to ask her if its YIELD or the DISCOUNT RATE that are the rates quoted?

These people dey learn new tricks daily sha!!

manlikegb:






Mr @feelamong, thanks for usual insight. Here's my concern, my investment house quoted me a charge of 0.5% and I don't know if that is the norm. I contacted them and told them I'd like to bid for 364days at 18.35% but I was told that I have two options for my rate(Gross or Net). That is, Gross would mean their own 0.5% charge included in my rate, if successful, I would get 17.85% OR Net would me they would add their own 0.5% charge to my 18.35% to make it 18.85%(which ofcourse have no chance of success at the auction with inflation rate dropping.

At the end of the day, I had no choice than to go with their own rate but I told the account officer I want nothing short of 18% atleast. Lo and behold, he called me today to tell me I got 17.8% blah blah inflation blah blah. I somehow feel hard done, and thought to share my experience with our gurus in the house and hear what other investors have to say on this as well.

How does other investment houses treat you investors with them in terms of rate and all. And specifically, how does Fidelity securities treat you my oga @feelamong.

Thanks and God bless.

Fidelity Securities told me they are ready to deal at 17% for 364 days and 16% for 182days and 13.3% for 91 days secondary market rates

@ukay2: Fair deal!

Just got an alert from GTB. Based on my calculation their rate is approx 13.03 for 91 days. This is my first time of investing.

Pls when will subsequent payments be made?

Thank you

ukay2:



I went with stanbic ibtc bank rate....ooooo

Though they (stanbic ibtc bank ) have offered me secondary market rates. ..

13.6% for 91 days. ....17% for 182days.....18.3% for 364days. ..

I sharply chose 18.3% for 364days. ..let me see how it goes with the secondary markets. ..


Hoping in few years time, i will grow my funds to the required CBN amount so that I can participate in the Primary market bidding

Sorry I had to quote you again!
I just got off the phone with the Customer Care Officer in charge of Securities and Investment Instruments at the Stanbic IBTC Branch in the town where I'm domiciled, and he told me that bids with them for yesterday NTB was successful, and that the transactions will be effected as usual before the day ends.
I really do not know how to reconcile this!

MOBBDEEP:


Sorry I had to quote you again!
I just got off the phone with the Customer Care Officer in charge of Securities and Investment Instruments at the Stanbic IBTC Branch in the town where I'm domiciled, and he told me that bids with them for yesterday NTB was successful, and that the transactions will be effected as usual before the day ends.
I really do not know how to reconcile this!

Then something is wrong somewhere. Maybe the person that is to handle it in his branch forget to send his request to Head Office for processing.

freeman67:


Then something is wrong somewhere. Maybe the person that is to handle it in his branch forget to send his request to Head Office for processing.

Am dealing with head office directly.....they are getting the quoted rates from secondary market of today. ....let's see the debit alert and calculate if what I was told above is true...

ukay2:



Am dealing with head office directly.....they are getting the quoted rates from secondary market of today. ....let's see the debit alert and calculate if what I was told above is true...

Bro, you have got mail!

ganasy:
Just got an alert from GTB. Based on my calculation their rate is approx 13.03 for 91 days. This is my first time of investing.

Pls when will subsequent payments be made?

Thank you

mine was 18% for 365 days
gtb

I got #33,034.25 for 91 days on #1m with zenith.

ukay2:



I went with stanbic ibtc bank rate....ooooo

Though they (stanbic ibtc bank ) have offered me secondary market rates. ..

13.6% for 91 days. ....17% for 182days.....18.3% for 364days. ..

I sharply chose 18.3% for 364days. ..let me see how it goes with the secondary markets. ..


Hoping in few years time, i will grow my funds to the required CBN amount so that I can participate in the Primary market bidding

please what stanbic ibtc branch gave u these rates and did they have any restrictions as it concerns the 50m dmo issue.

please guys, is there a penalty attached to terminating T.BILL before maturity?

zamirikpo:


please what stanbic ibtc branch gave u these rates and did they have any restrictions as it concerns the 50m dmo issue.

Their area 3, garki , abuja.....said is from their investment department from Head office.....am yet to be debited. ....I will notify the house when I calculate from the debit alert. ....what I was told was that CBN refused to bid for individual investors with less than 50M in the Primary market. ...rather i was given the above rates to choose from in the secondary markets which I chose 364days. ...,am waiting for the debit alert to confirm. .