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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 sodiamond: 10:13pm On Feb 02, 2016 |
So which of d banks allow individual bid? Pls I need to know |
Re: Treasury Bills In Nigeria by Damolux01(m): 12:02am On Feb 03, 2016 |
Following closely to knw the rates as I planned buying from secondary market. |
Re: Treasury Bills In Nigeria by plendil: 8:51am On Feb 03, 2016 |
sodiamond: Diamond doesn't do primary, unless your principal is high (above N5m) is but even at that they'll try their best to convince you to invest in their packages: HIDA, etc. If you go through previous posts, it appears most people that got the primary bid used first bank or gtb. |
Re: Treasury Bills In Nigeria by unite4real: 9:28am On Feb 03, 2016 |
plendil: This is false news. I use Diamond bank and i have done below 1M several times. I have never done up to 5M with Diamond bank and i have always been successful in the primary market with them, although i go with prevailing rates |
Re: Treasury Bills In Nigeria by plendil: 9:52am On Feb 03, 2016 |
unite4real: Well, perhaps it depends on the branch. I bank with them as well and thats what I was told by the agent that attended to me. Both times when I bought, it was through the secondary market. |
Re: Treasury Bills In Nigeria by feelamong(m): 10:17am On Feb 03, 2016 |
plendil: fact is a lot of bankers don't know much about Treasury Bills and Bonds....speak to people working in Treasury or the Investment banks. that is why I still prefer to use the Investment Houses for most of my transactions, afterall these Tbills and Bonds are kept with Custodians so no risk of the Investment house going bust. These bankers can really frustrate ur life! all they know is meeting their targets with savings account or current account or fixed deposit 1 Like |
Re: Treasury Bills In Nigeria by unite4real: 10:23am On Feb 03, 2016 |
plendil: I think they like playing games. they tried talking to me initially to patronize their own portfolio but i threaten to take my money to another bank. They had no option than to oblige. |
Re: Treasury Bills In Nigeria by Ojix85: 6:08pm On Feb 03, 2016 |
Guys, Is there a separate thread for bonds? I think it deserves its own thread if none exists. House, what do you think? Cc @feelamong, |
Re: Treasury Bills In Nigeria by Nobody: 6:45pm On Feb 03, 2016 |
Ojix85:yes it should |
Re: Treasury Bills In Nigeria by feelamong(m): 9:47pm On Feb 03, 2016 |
Ojix85: I think there is already a separate thread for bonds.... |
Re: Treasury Bills In Nigeria by princeuk21(m): 6:47am On Feb 04, 2016 |
Pls those for bond should go to bond thread. Cheers! |
Re: Treasury Bills In Nigeria by feelamong(m): 7:28am On Feb 04, 2016 |
feb 3rd auction result 91 days ---4.95% 182 days -----7.97% 364 days ----9.49% its hinging up slowly and steadily |
Re: Treasury Bills In Nigeria by Ojix85: 7:36am On Feb 04, 2016 |
princeuk21: Can you help with the link? feelamong: Great news. |
Re: Treasury Bills In Nigeria by feelamong(m): 8:25am On Feb 04, 2016 |
Ojix85: there are loads of links..... https://www.nairaland.com/2754587/information-federal-govt-bond-2015#40291536 https://www.nairaland.com/1472894/guide-investing-fgn-bonds#18717031 https://www.nairaland.com/1236944/how-invest-fgn-bonds#17735189 https://www.nairaland.com/2434824/invest-fg-bonds#35603525 https://www.nairaland.com/2236356/investing-federal-government-bonds-nigeria#33817732 1 Like |
Re: Treasury Bills In Nigeria by 9galen217: 9:42am On Feb 04, 2016 |
feelamong: Please where do you get ur results from??.. I thought the DMO site should have the result first, but yesterday's auction is still not updated on their website.. |
Re: Treasury Bills In Nigeria by feelamong(m): 10:08am On Feb 04, 2016 |
9galen217: I usually get the updates from my bankers....GT bank and Fidelity Bank |
Re: Treasury Bills In Nigeria by globalresource: 2:22pm On Feb 04, 2016 |
Here is yesterday's results. It is coming up gradually 1 Like
|
Re: Treasury Bills In Nigeria by Zeiya(f): 2:58pm On Feb 04, 2016 |
feelamong:yesss ......... ... . Coming up still waiting for 12% (364 days) |
Re: Treasury Bills In Nigeria by Daddi: 6:55pm On Feb 04, 2016 |
feelamong:please help with names of some reputable investment houses that deal on TBills, bonds and the likes 1 Like |
Re: Treasury Bills In Nigeria by Ojix85: 10:44pm On Feb 04, 2016 |
feelamong: Thanks a lot. 1 Like |
Re: Treasury Bills In Nigeria by Daddi: 5:27pm On Feb 09, 2016 |
@ feelamong , pls I need assistance on this;
please help with names of some reputable
investment houses that deal on TBills, bonds and
the likes |
Re: Treasury Bills In Nigeria by just2endowed: 8:59pm On Feb 09, 2016 |
Checking up here |
Re: Treasury Bills In Nigeria by feelamong(m): 9:21am On Feb 10, 2016 |
Daddi: just seek out the major stock broking firms, the Chapel hills, The Investment Ones, The UBA capitals.... I used Fidelity Securities in the past... |
Re: Treasury Bills In Nigeria by Daddi: 5:23pm On Feb 10, 2016 |
feelamong:thanks bro, will do that |
Re: Treasury Bills In Nigeria by battleaxe: 5:37am On Feb 11, 2016 |
@feelamong, others What other costs do you bear on purchase of FGN bonds apart from the total consideration? Do your banks or investment houses charge you custody or transaction fees similar to Treasury bill purchase? |
Re: Treasury Bills In Nigeria by feelamong(m): 7:55am On Feb 11, 2016 |
battleaxe: yes you incur custody fees only |
Re: Treasury Bills In Nigeria by feelamong(m): 8:25am On Feb 11, 2016 |
Sorry to digress a bit.... I assisted a Nairalander to buy N100M worth of FGN 2020 (15.54%) Bonds at yesterday Bond Auction..... This is the summary of what the bank sent to me this morning... SETTLEMENT DATE -12-Feb-16 COUNTTERPARTY -Mr xxxxxxx BOND VALUE - 100,000,000.00 CLEAN PRICE - 110.3666585 MATURITY DATE - 13-Feb-2020 COUPON RATE - 15.54% YIELD - 12.19% ACCRUED INTEREST- 7,727,771.74 DIRTY PRICE - 118.09 TOTAL DUE - 118,094,430.24 |
Re: Treasury Bills In Nigeria by IHelp: 9:21am On Feb 11, 2016 |
I thought bids of 13% will scale through but |
Re: Treasury Bills In Nigeria by feelamong(m): 11:38am On Feb 11, 2016 |
IHelp: sorry bro! better luck next time.. and always try to speak with bond traders before you bid |
Re: Treasury Bills In Nigeria by vacanci: 11:54am On Feb 11, 2016 |
feelamong: how come you are paying accrued interest so high when the next coupon paymnt is February 13, 2016. Will you be enjoying the next coupon of february 13, 2016? if not where is the accrued interest coming from? |
Re: Treasury Bills In Nigeria by feelamong(m): 12:17pm On Feb 11, 2016 |
vacanci: you have to pay the accrued interest back to the former holder of the bond....who sold to you on the 12th of feb (since he has held from the date of last coupon payment till the 12th) Yes the next coupon payment is Feb 13th and on that date you will be paid the last 6 months coupon. |
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