freeman67:
One year Bond @ 13.5 % in Stanbic IBTC bank. It starts counting from wednesday August 12th, 2015. For those interested contact them from now to Monday to acquaint urself with the process involved
Thank you

quertyquack:
I purchased through Investment One making a bid of 12.5%. They said the stop rate for 182 days was 12.3%.
From the cbn website the limit is 12.625%. Is there something I don't know?
I also submitted 12.5% for 182 via GTB and my account wasn't debited meaning it wasn't successful.
I have done tbills before although going at bank rates. I would appreciate any explanations for the above.

feelamong:


If you bidded at 12.5% you should be getting ur bid!

the last Stop rate for 182 days was 12.9%, the one before last was 12.6%

I will advise you move to the secondary market and get a deal at the same 12.5% now.

Caracta:


Write a letter and give at least two weeks notice.

You'd lose 20% of interest accrued. If you remember the interest paid upfront, calculate 20% of it. That amount would be deducted from your principal.

Do you understand?

NairaQuest:
Would you have received a different amount if you had rather sold the TBill at the secondary market?. I thought that there is secondary market for TBills in Nigeria but it appears the banks are treating it like fixed deposit

NairaQuest:
Thanks for letting me know

coolguyz:
Hi Guys,

Treasury Bills Auction Result for today as follows -

91 days - Total Allotment was N45.177billion at Stop Rate of 10.000%

182 days - Total Allotment was N30billion at Stop rate of 12.9000%

365 days - Total Allotment was N120billion at Stop rate of 14.7118%

Hope you all find this useful.

Regards

Caracta:


Dude, you don't need to tell me more. Thanks for the offer.

You can't be more catholic than the Pope. I do this everyday.

pipz:

T-BILL AUCTION DATE: 22-Jul-15
NGN T-Bill Auction Result


TENOR MATURITY AMOUNTS SOLD CUT OFF [Yield] BID/COVER PREV DISC (Yield)
91 DY 22-Oct-15 NGN 36.78B 10.00% (10.26%) 1.00 10.00% (10.26%)
182 DY 21-Jan-16 NGN 39.18B 12.65% (13.50%) 1.16 12.625% (13.47%)
364 DY 21-Jul-16 NGN 52.00B 13.00% (14.94%) 1.27 13.00% (14.94%)

Ephemmm:


HI, I have up to 300k in GTB which I can invest in TB as at now. So, can you please explain how and when I can bid and at what rate? I have no slightest Idea of this TB, but this topic is getting interesting.

You guys are doing a great job here and I must commend you all for this.

Ephemmm:


HI, I have up to 300k in GTB which I can invest in TB as at now. So, can you please explain how and when I can bid and at what rate? I have no slightest Idea of this TB, but this topic is getting interesting.

You guys are doing a great job here and I must commend you all for this.

Caracta:

Dude, you don't need to tell me more. Thanks for the offer.
You can't be more catholic than the Pope. I do this everyday.

mickey45:


Good to see you around o! "Caracta..."
You've got many sides to you...
Good though

manie:



Treasury Bill interest is paid upfront. if yours is not paid upfront you need to change your banker.

Caracta:

Lol. Many sides?

Caracta:


Lol. Many sides?

iclass1:

What is d least u one can invest in TBills
Which of the banks is most friendly wen it comes to TBills?

cecegorz:

Your assertion is actually misleading.
There is usually option to chose whether to take your interest yield upfront or on maturity, probably you've been using upfront as default, it doesn't make it the other option wrong.

manie:


The option is from your bank and not from CBN. What is the incentive for getting your interest on maturity of the investment? With they pay me a higher interest at maturity.

Getting N1million in August 20015 ought to be more desireable by an investor than getting the same N1 million in December 2015.

cecegorz:

Then again, it's optional.
One may decide to roll over principal+Int. at the end of first tranche.

zicoraads:

Caracta:


Minimum of 100,000 naira.

Friendly bank? I have no idea.

iclass1:

Thanks 4 ur response
Why I said friendly is this; when you get to some banks, they tell the minimum is #1million and try to discourage you from investing in TBills. Probably because they are not really gaining anything from it.

Caracta:


Oh...ok. I understand your point. That's true. They encourage you to invest in fixed deposits instead. I don't think any of them is friendly towards T.Bills. You just have to show them you know what you want.

manie:


It is better you get your interest and roll-over your principal if need be, TB are bought in tens of thousands but in practice it is in hundreds of thousands or millions.

That is you can invest 100k, 200k , 500k etc. If you invested 100k for 91days at 10%, your interest will 2500. Will it be proper to invest N102500 in TB, just asking.