Alikote:
5.5 thats armed robbery been with gtb,for,4 years rate are over 15 the investment banking is in same place as any branch just ask investment section write an application which,is,forward to head office..u can scan and send to ur,account officer..buy,bond,if u,will not be,around for,long 15.54,by,the,time,u,back u,fund go be almost double in 5,yrs it zero,risk less risky,than,fixed deposite bank can go under

Biggybountz:


Thank you very much. Is bonds a better option to Tbils then? Yeah the 5.5% pa she qouted is for fixed deposit, so do you mean their rates on fixed deposit could even be over 15.

Thanks

Alikote:
Expect u,sell before maturity it might be,16,percent,then or,less than 15.54 the issuing rate..that what bond trader live on ...if na 10 milla,u,have 1.54 m annually paid into,ur,account for,five year then,u fix,the,gain in gtb,for 10 percent,or,buy,tb with u,interested ever six months good,bussiness buy,on,fgn bond,at,auction with duration,of,5,yrs

just2endowed:


I am. Sorry, I was trying to comprehend what u are saying. Can u type it properly

Alikote:
Expect u,sell before maturity it might be,16,percent,then or,less than 15.54 the issuing rate..that what bond trader live on ...if na 10 milla,u,have 1.54 m annually paid into,ur,account for,five year then,u fix,the,gain in gtb,for 10 percent,or,buy,tb with u,interested ever six months good,bussiness buy,on,fgn bond,at,auction with duration,of,5,yrs

Biggybountz:


Thanks @alikote very informative. I have just sent an email to my account officer about the bonds and a few more Enquiries. Hoping to get a response from her tomorrow and I will be back here with her views.

Thanks a lot

ummitoagirl:
I had loads of petty charges on my TBIlls by Ecobank, it totaled to about N10k, vat, custodian charges etc.
I am leaving them after my 364 tenor. I am investing this week!!! So, I pray their recommended stop rates make loads of sense.

Alikote:
5.5 thats armed robbery been with gtb,for,4 years rate are over 15 the investment banking is in same place as any branch just ask investment section write an application which,is,forward to head office..u can scan and send to ur,account officer..buy,bond,if u,will not be,around for,long 15.54,by,the,time,u,back u,fund go be almost double in 5,yrs it zero,risk less risky,than,fixed deposite bank can go under

Danfuster:


You seriously need to mind the way you handle punctuation

puna:
@ oga feelamong other gurus in the house according to the CBN calender the window won't be open to take bids for the 344days tenor...how true is that?

sanerugwei:


Let me try to punctuate it differently and see if it will be better.
Quoting Alikote:
5.5? That's armed robbery! Been with GTB for4 years, rate are over 15[%]. The investment banking is in same place as any branch, just ask [for the] investment section, write an application which is forwarded to Head Office. [You] can scan and send to [your] account officer. Buy bond if u will not be around for long. 15.54[%], by the time [you,re] back [your] fund go be almost double in 5yrs. It is zero risk, less risky,than fixed deposit. Banks can go under.

@ Alikote, feelamong and other gurus in the house; My question now is: Will the re-opening FGN Bonds auctioning on the 17th of this month still be at 15.54% for 2012.
Seeing the table below from DMO does not state the percentage for the reopened 2012 bid

Bond Name % FGN JUL 2021 (Re-opening) 12.50% FGN JAN 2026 (Re-opening) 12.40% FGN MAR 2036 (Re-opening)
Term-To-Maturity 4 Years, 11 Months 9 Years, 5 Months 19 Years, 7 Months
Range of Amount on Offer (N' bil) 35-45 25-35 35-45
Original Tenor 5-Year 10-Year 20-year

overcomer123:
To the gurus in the house who use GTB for their Treasury bills bidding, how does GTB do it, do they debit you before the bidding day?
I gave my account officer an instruction on friday, am yet to see a lien or debit on my account. Should I be worried or this is the way it is. I cant afford to wait another 2 weeks due to a sloppy account officer.

Also any hint or hw the rate for this bidding will be like?

puna:
oga feelamong please can stock dividends cheque which have expired since 2013 be redeemed?

feelamong:

Yes they can be re validated....
speak to your Stock brokers to assist you on that

feelamong:


Dont mistake Coupon with the Yield...

The coupon remains the same at 15.54%

Its the yield that changes based on the prevailing Liquidity, Interest rates and Inflation Rates.

The Yields at Reopening would be based on the prevailing Investment climate...the Coupon remins the same..

This is why Bond traders make a lot of money trading on Bonds as you could buy at a premium or at a discount (They also loose money trading on Bonds) if they do not hold to maturity

feelamong:

Take a look at the Treasury Bills calendar earlier posted...Clearly it shows that Only the 91 days and 182 days Tbills would be on offer by the CBN

skydiver01:
Auction is on 17 Aug, Bids would be compiled by commercial banks today and tomorrow I imagine.

feelamong:


The auction is on the 18th...

Your account would be debited on the 19th if you are successful