RayRay06677:
Good luck to the PATRIOTS

Any luck for stanbic this time around nd what's their rate

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]

Foodempire:


Wanted to buy some dollars today for investment aboki dey quote me #1,240 per $. This is ridiculous, we don't know if there could be any intervention by the CBN soonest, everything just tire me. Try and error governments

Itsrm:


There is no better time to buy. If CBN intervenes and it crashes after you buy, even better. You buy more and average down.

Wotowotoman:


This is the most stupid comment I have ever read here.. Yamayama fall on the bald head of any Dundee wey listen to this hopeless advice

Who is the stupid one now? Clown

Itsrm:








Who is the stupid one now? Clown

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

The other attention seeking clown ignored.

.

skydiver01:
For example, you can enquire from your bank, to start with, that you would like to buy monthly United States treasury bills (e.g. the 10, 20 or 30 years) and take it from there. Over time you will be in a position (unless you are already in a position) to open an account with an international Investment and Asset Management institution like Shroders who have been around for over 2000 years. Shroders was founded in 1800.

Thanks so much. I appreciate this information.

Treasury bill people. Long time.

Na wa o, how u people dey cope with tbills in this economy?

Akerewe:


Any luck for stanbic this time around nd what's their rate

I went with AFRINVEST and they got paltry 15,2%

RayRay06677:


I went with AFRINVEST and they got paltry 15,2%

Good, stanbic got it all also

stephano100:


This one touch me, pls everyone I hope it’s not too late to buy dollar now?

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

Akerewe:


Good, stanbic got it all also

at what rate stanbic get it for you

can someone explain this to me pls

and...

What is the NOMINAL AMOUNT and CASH AMOUNT
what is the accrued interest

manwomanok:


at what rate stanbic get it for you

@15.4℅ for 2038

manwomanok:
and...

What is the NOMINAL AMOUNT and CASH AMOUNT
what is the accrued interest

Which of the fgn bond is this

manwomanok:
and...

What is the NOMINAL AMOUNT and CASH AMOUNT
what is the accrued interest

Which of the fgn bond is this

From which bank

What's the clean price

At what interest rate

Akerewe:


Which of the fgn bond is this

FGN bond March 2027

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:
can someone explain this to me pls

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:
and...

What is the NOMINAL AMOUNT and CASH AMOUNT
what is the accrued interest

skydiver01:
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 call 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 cN13m is what will be debited from your account sometime today. Hope the above explanation helps.

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?.

skydiver01:
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) making your yield is ~15% per annum till it matures (Maturity Date).

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

I cannot explain it more than I have shown in the table below.

manwomanok:


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

Yes it will be recovered

NL1960:


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?.

skydiver01:
I cannot explain it more than I have shown in the table below.

very clear explanation. only that i cant understand where you get the unit from. the 120,000 unit

The units of bonds purchased is the nominal value divided by N100 (N12,000,000/100 = 120,000 units)

manwomanok:


very clear explanation. only that i cant understand where you get the unit from. the 120,000 unit

manwomanok:


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

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.

skydiver01:
I cannot explain it more than I have shown in the table below.

Pls what happened when NOMINAL VALUE IS MORE THAN THE CASH AMOUNT?

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

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:


Pls what happened when NOMINAL VALUE IS MORE THAN THE CASH AMOUNT?

skydiver01:
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

Is the attached bond advice normal?

I discovered it's the opposite of the subject matter. Pls advice accordingly

Akerewe:


Is the attached bond advice normal?

I discovered it's the opposite of the subject matter. Pls advice accordingly

what is that FREQUENCY (2) and BASIC (1) mean