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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4608672 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)
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Re: Treasury Bills In Nigeria by skydiver01: 4:42am On Jun 27, 2021 |
Good morning. Yes the coupon is paid twice a year. The only FGN bond currently available on the secondary market with a 16.39% coupon matures on 27 Jan 2022. It was issued on 27 Jan 2012 (ten year bond). With a 16.39% coupon and N264k interest payment per year means the face value of the bond he bought is N1,610,738 (N264,000/16.38%). Thus, the N1.85m capital spent on the bond purchase includes accrued interest and the bond price premium of at least N6 over par. emmanuelewumi: |
Re: Treasury Bills In Nigeria by PresidentBuhari: 5:14am On Jun 27, 2021 |
It was bought through bank. It's two payments a year i.e roughly N264k a year. I don't have the contract note but information recorded at the time of purchase was; YIELD - 10.93 CLEAN PRICE - 1102.6 DIRTY PRICE - 1156.4 emmanuelewumi: |
Re: Treasury Bills In Nigeria by skydiver01: 6:29am On Jun 27, 2021 |
And when does the bond mature? PresidentBuhari: |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 6:58am On Jun 27, 2021 |
For those who have less than 10 years to retirement 4 Likes 1 Share
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Re: Treasury Bills In Nigeria by PresidentBuhari: 7:03am On Jun 27, 2021 |
Maturity is Jan 2022 skydiver01: |
Re: Treasury Bills In Nigeria by akinola98: 8:02am On Jun 27, 2021 |
PresidentBuhari: Pls what is the name of the bank you bought from ?? |
Re: Treasury Bills In Nigeria by PresidentBuhari: 8:54am On Jun 27, 2021 |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 10:37am On Jun 27, 2021 |
PresidentBuhari: |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 10:38am On Jun 27, 2021 |
emmanuelewumi: Do you agree with this at retirement have a house or Investments to take care of housing costs? I think having at least a house is better |
Re: Treasury Bills In Nigeria by Donbrig: 11:28am On Jun 27, 2021 |
Having your own house before retirement should be everybody's number one goal, very little is needed to live comfortably and happily after retirement if you have your own house. Paying house rents after retirement is terribly a bad idea, though many people who couldn't afford a house during their working years don't have a choice, but they have to rent a house in a very cheap area like Ikorodu and live below standard and economically, and this often shorten their life span. emmanuelewumi: 1 Like |
Re: Treasury Bills In Nigeria by Akerewe(m): 11:31am On Jun 27, 2021 |
pls i need to learn from this oo. how much would ur gain be at maturity because i can see 1,585,000 at maturity. nd the maturity date is less than a year with what am seeing so far, i need enlightenment pls PresidentBuhari: |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 11:51am On Jun 27, 2021 |
Donbrig: Having an investment that pays for it nko? |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 11:52am On Jun 27, 2021 |
Akerewe: He bought at a premium, he will get a shortfall of about 5% at the end of the investment 2 Likes |
Re: Treasury Bills In Nigeria by Donbrig: 12:08pm On Jun 27, 2021 |
Having an investment that pays for your house is like owning your own house, but it is far better to complete your house payment before retirement and budget the profits or dividends from your investments for other things like health, fun, charity, etc. The issue with having a business/investments that pays for your house mortgage is that, somethings could go wrong with your business and after retirement, you might not have enough strength and resources to bounce back on time. In fact, it is often advised to be free of all kinds of debt or mortgage before retirement. emmanuelewumi: 9 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 12:31pm On Jun 27, 2021 |
Donbrig: I think either of having your house or enough assets or Investments to take care of housing cost. If your housing cost is N1 million and your total asset is N60 million, you are good to go I have a friend with a house at Dolphin, but he is a tenant at Ikeja. Another has 2 houses at Ikorodu, 12 tenants ie 4 units of 2 bedroom apartments and 8 units of a room and parlour self contained apartments but he is a tenant at Ajao Estate. Or you have 1 million units of Zenith Bank shares whose annual dividend of almost N3 is solely for housing costs, or a successful author of Economics textbook for secondary school students who gets an annual royalty of almost N5 million every year from the publishers. At Retirement make sure you have your house or have assets or Investments that can conviniently pay for the housing costs. It is wrong to use your pension to pay house rents at retirement 16 Likes 2 Shares |
Re: Treasury Bills In Nigeria by Nobody: 1:34pm On Jun 27, 2021 |
emmanuelewumi: Some retirees prefer to have the freedom to move whenever they want to. Imagine retiring at 65 and then owning a house in a place that suddenly starts getting flooded, or the street fit suddenly turn to omila and agbero HQ. Then you are stuck with depression, fear and HBP until one dies ![]() Also, by renting, some can even afford to live in places they cannot afford to buy a house in. A 65 year old retiree with grown up children and who owns financial assets and investments worth around 250m cannot afford to buy a house in Ikoyi but he can afford to rent there to enjoy a peaceful retirement ![]() 11 Likes 1 Share |
Re: Treasury Bills In Nigeria by PresidentBuhari: 1:49pm On Jun 27, 2021 |
Actual profit is the percentage of the Yield that's 10.9% at the time I bought. The value of the yield in % is actually what determines your profit and not the coupon rate of 16 percent for secondary market bonds. Overall it a loss as the funds would've performed better under some other investment portfolio. Akerewe: |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 1:55pm On Jun 27, 2021 |
Lazyyouth4u: Correct, some will even prefer to rent a cabin by the beach or an island, provided they have resources to comfortably take care of their expenses |
Re: Treasury Bills In Nigeria by Donbrig: 2:03pm On Jun 27, 2021 |
That's a good point though, having your own house does not in any way prevent you from living anywhere of your choice if you have the resources. Lazyyouth4u: 3 Likes |
Re: Treasury Bills In Nigeria by NL1960: 2:48pm On Jun 27, 2021 |
Donbrig: Sentimental attachment often comes in which prevents such a person from moving from the place. 2 Likes |
Re: Treasury Bills In Nigeria by Akerewe(m): 3:28pm On Jun 27, 2021 |
Exactly my thought, it would have also perform better if the tenure is longer than that, lets say 5 years or more! i stand to b corrected. somehow close to a #100k. But gurus in the house, kindly shed more light on how one can send instruction to all these brokers to avert reoccurrence of such because from my observation, once u fund your cscs account these people will just buy the next available bond for u without ur consent unlike TBILLS where u will b notify of the currents stop price in the market before they proceed in buying it on ur behalf. PresidentBuhari: |
Re: Treasury Bills In Nigeria by yazga: 3:38pm On Jun 27, 2021 |
Akerewe:Which beikwr do you use? |
Re: Treasury Bills In Nigeria by Akerewe(m): 3:40pm On Jun 27, 2021 |
yazga:No! am not the person involve here |
Re: Treasury Bills In Nigeria by PresidentBuhari: 3:50pm On Jun 27, 2021 |
It's a dog eat dog market. They sell you anything they manipulate from their end, if the rate doesn't match your expectations they take long in reselling and crediting you. Akerewe: |
Re: Treasury Bills In Nigeria by freeman67: 4:16pm On Jun 27, 2021 |
PresidentBuhari: Even at that, I think investors may still have options of bidding. In their banks available bonds, rates and prices are displayed most times. I believe if you choose a particular bond to buy at a particular rate and amount they would have no option than to either get it for you that way or leave your money for you. |
Re: Treasury Bills In Nigeria by Wapgod(m): 4:37pm On Jun 27, 2021 |
Between Treasury bills and bonds? Which is better in terms of return on investment, tenure and security of capital? |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 4:50pm On Jun 27, 2021 |
Akerewe: Stanbic IBTC sends available bonds to me very early in the morning from Monday to Friday. This information will include the price, yield, maturity. You will send a mail to them concerning what you want, before they debit your account they will give you a breakdown of the transaction, fees, clean price, dirty price, units and total cost, if you are okay with the breakdown you can approve the deal 1 Like |
Re: Treasury Bills In Nigeria by akinola98: 5:34pm On Jun 27, 2021 |
PresidentBuhari: Thanks… I guess as much |
Re: Treasury Bills In Nigeria by Akerewe(m): 5:52pm On Jun 27, 2021 |
of course this is their way any time am buying secondary market Tbills from them but to my outmost surprise, this time around, although i sent an instruction on what i want but i was not inform on the t & c of the bonds before dey proceed in buying for me. AM A BIT SURPRISE SHA! emmanuelewumi: |
Re: Treasury Bills In Nigeria by Akerewe(m): 5:56pm On Jun 27, 2021 |
I was offered what i requested for but i was not well informed about bond, i initially thought its d same as Tbills and sukuk freeman67: |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 6:01pm On Jun 27, 2021 |
Akerewe: Buy through the bank, you will then fill a form that CSCS should be the custodian of the investment, it cheaper buying through the bank 1 Like 1 Share |
Re: Treasury Bills In Nigeria by Akerewe(m): 7:01pm On Jun 27, 2021 |
emmanuelewumi: of course I deal with stanbic stockbroking unit. I called them nd mail them throughout the transaction nd I was told to fund my stockbroking account which I did, then it was carried out. All was seamless via call nd mail. Or is there any other way of buying tru d bank that would make it cheaper? ? |
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