ScarsAreStars:
Hi there, Luno is offering 16k to anyone who signs up and finishes the registration using my group's referral link. For contact information, refer to my signature!

Meerahbel:
Do you think 🤔 400k annual rent is too much on a 250k salary?

Itsrm:


No. Especially if it means you're able to spend less on transportation and have spare time for personal development before and after work.

TotoNaRubber:
I am here to encourage the new ones to shine their eyes.
Truth be told, the fact that you made an investment mistake doesn't make defending the same mistake right.

On the otherhand if you only invested using local currency, you are not really affected. There are bonds that matured 2 days ago but the cbn hasn't said a thing. The usual now is to keep investors funds for a month upon maturity and blame it on technical glitch. Someone/People are benefiting from these and the masses are the pigeons.

TotoNaRubber:

I just got off the phone with someone who works in the DMO (Debt management office). He said the Fédéral government is struggling to pay workers and local debt may be delayed or a default is possible.

So brace yourselves for the worst.

TotoNaRubber:

I just got off the phone with someone who works in the DMO (Debt management office). He said the Fédéral government is struggling to pay workers and local debt may be delayed or a default is possible.

So brace yourselves for the worst.

sammily:
Dangote Cement PLC Series 17 & 18 Commercial Paper Offer

Minimum of 5m, Is this a good investment?

sammily:
Dangote Cement PLC Series 17 & 18 Commercial Paper Offer

Minimum of 5m, Is this a good investment?

Risingcash94:
Is this commercial paper interest paid upfront as well?

skydiver01:
Yes. That's why it states discount rate & implied yield

Educationalserv:
no be ONLY off phone na got on the microphone with Edun

Risingcash94:
Thanks 🙏
How about reinvestment of interest. Any idea?

sirrotex:
Any news on when Sukuk this year will be?

sammily:
Dangote Cement PLC Series 17 & 18 Commercial Paper Offer

Minimum of 5m, Is this a good investment?

DAramis:

Bro, on this, is it done yearly?
I am also interested on this. Do let me know online when you get the information and details about it.

Need to try and subscribe for it.

sirrotex:
It's usually done yearly usually in December. The last was done in October last year

sirrotex:
It's usually done yearly usually in December. The last was done in October last year

DAramis:

Ohh , okay.

I guess it would be next year then since no information is forthcoming about it so far.

manwomanok:

Security -- 19.89% May 2033
Bid Price -- 94.94
Offer price - 98.64
Bid yield - -21.18
Offer yield -- 20.21

my good people of this house, kindly help me with your wealth of experience to calculate roughly interest to pay base on this FGN Bond information above. what is clean price plus accrued interest.

Note: amount plan to invest is N20m

Thank you

manwomanok:

Security -- 19.89% May 2033
Bid Price -- 94.94
Offer price - 98.64
Bid yield - -21.18
Offer yield -- 20.21

my good people of this house, kindly help me with your wealth of experience to calculate roughly interest to pay base on this FGN Bond information above. what is clean price plus accrued interest.

Note: amount plan to invest is N20m

Thank you

manwomanok:

Security -- 19.89% May 2033
Bid Price -- 94.94
Offer price - 98.64
Bid yield - -21.18
Offer yield -- 20.21

my good people of this house, kindly help me with your wealth of experience to calculate roughly interest to pay base on this FGN Bond information above. what is clean price plus accrued interest.

Note: amount plan to invest is N20m

Thank you

freeman67:



It's roughly about 2M - N2.1M every 6 months (roughly 4M - 4.200) yearly till it matures. The main determinant actually is the settlement price which you will know only after you have subscribed.

Clean price is the bonds' actual price without an accrued interest while the dirty price is the price of the bond with accrued interest. If you subscribe immediately after they just paid interest, you are likely buying at a clean price but if you subscribe after a while after or close to when they are about to pay interest, the interest will be calculated into your investment because you are going to collect that interest for that half year even though you haven't held the investment from when it started accruing. So that's the dirty price.

manwomanok:


@ skydiver01 , Akerewe ,freeman67, emmasoft, ositadima1 and other boss in the house. help pls

ositadima1:


Everything you need is right here. First, this is a secondary market offering, which explains the presence of bid-ask quotes. The offer price of 98.64 means you are buying the bond at a slight discount since it was originally issued at 100.

The bond's initial rate was 19.88%, but because you are purchasing it at a discount, your effective rate increases to 20.21%. With an investment of 20 million, this bond should earn you 4,042,000 annually. If the coupon is paid semi-annually, you'll receive half of this amount in November and the other half in May each year until 2033.

In 2033, assuming you hold the bond to maturity, you will receive your 20 million principal plus an additional 272,000 (the government will pay the face value, not the discounted purchase price).

One more thing to keep in mind: depending on when you bought the bond, you may need to pay accrued interest to the current holder. For example, if you purchase the bond in April, you can't expect to receive the full coupon payment; you'll need to cover the interest accrued up to that point. This distinction is tied to the concepts of the clean price (price without accrued interest) and the dirty price (price including accrued interest).

And that’s a wrap!

ositadima1:


Everything you need is right here. First, this is a secondary market offering, which explains the presence of bid-ask quotes. The offer price of 98.64 means you are buying the bond at a slight discount since it was originally issued at 100.

The bond's initial rate was 19.88%, but because you are purchasing it at a discount, your effective rate increases to 20.21%. With an investment of 20 million, this bond should earn you 4,042,000 annually. If the coupon is paid semi-annually, you'll receive half of this amount in November and the other half in May each year until 2033.

In 2033, assuming you hold the bond to maturity, you will receive your 20 million principal plus an additional 272,000 (the government will pay the face value, not the discounted purchase price).

One more thing to keep in mind: depending on when you bought the bond, you may need to pay accrued interest to the current holder. For example, if you purchase the bond in April, you can't expect to receive the full coupon payment; you'll need to cover the interest accrued up to that point. This distinction is tied to the concepts of the clean price (price without accrued interest) and the dirty price (price including accrued interest).

And that’s a wrap!