jst got debited from diamond bank... I bought from their secondary market 2day. 16% for 178 days.

Gtb gave me 18% the last time. I pray they should at least increase it this time.

I have been following this thread carefully reading and studying diff posts. I really love what is going on here. I have learn a lot about this TBill thing and I am motivated to invest.

I initially had Fixed Deposits in mind when I decided to read more about it. Then I read about TB, ... Posts from @feelamong aroused my interest, I will say it was worthwhile ready over 283 pages of information.

I have an account with first bank, but from what I have read, IBTC had the best offer judging from the last auction of March. I am contemplating, but I have few questions ,

1. When is the next auction in April, as I have already missed the one of 5th? Sorry I did not understand the calendar.
2. Assuming I want to use IBTC, could they allow me to invest without having an account (savings /current) with them?

Could those who will take part in April 5th update us, especially newbie me.? That can accelerate my decision.

I must confess this is one of the best threads on Nairaland- no frivolity, name calling, useless memes etc.
Thumbs up to you contributors.

thinking of using gtb. since Eco cheat

amjustme2:
I have been following this thread carefully reading and studying diff posts. I really love what is going on here. I have learn a lot about this TBill thing and I am motivated to invest.

I initially had Fixed Deposits in mind when I decided to read more about it. Then I read about TB, ... Posts from @feelamong aroused my interest, I will say it was worthwhile ready over 283 pages of information.

I have an account with first bank, but from what I have read, IBTC had the best offer judging from the last auction of March. I am contemplating, but I have few questions ,

1. When is the next auction in April, as I have already missed the one of 5th? Sorry I did not understand the calendar.
2. Assuming I want to use IBTC, could they allow me to invest without having an account (savings /current) with them?

Could those who will take part in April 5th update us, especially newbie me.? That can accelerate my decision.

I must confess this is one of the best threads on Nairaland- no frivolity, name calling, useless memes etc.
Thumbs up to you contributors.

u neet to have an account with the bank u want to use.

*.

I was at GTB today and the officer told me 362 days is 17% on secondary market

just2endowed:
I was at GTB today and the officer told me 362 days is 17% on secondary market

called my account officer @gtb and she says i cant bid for 50 m below i taught is when u specify your own rate that when u cant bid less than 50 m but if your go by bank rate u can bid need clarification b4 i change bank

An this is how GTB to eco transfer prevent me from bidding. I transfer fund since 11am to my eco from GTB through Mobile app and I was suprise it never reflect till now. Got a call from the bank that why did i leave insufficient fund? its pass 4pm. Na waoh for nigerian Banks

just2endowed:
An this is how GTB to eco transfer prevent me from bidding. I transfer fund since 11am to my eco from GTB through Mobile app and I was suprise it never reflect till now. Got a call from the bank that why did i leave insufficient fund? its pass 4pm. Na waoh for nigerian Banks

Network could be the cause. That is why it is always better to do the transfer 2-3 days before the bid date. That is what i normally do.

I was given 16.2% for 108 days. I don't know wether to accept or reject it

easyflow:
I was given 16.2% for 108 days. I don't know wether to accept or reject it

are you sure you know what you are saying? Tbills is of 91, 182, 365 days, I place a bid of 182days today at gtb, am waiting to be debited. Cheers.

Alikote:
called my account officer @gtb and she says i cant bid for 50 m below i taught is when u specify your own rate that when u cant bid less than 50 m but if your go by bank rate u can bid need clarification b4 i change bank

I think you need to use the bank rate(secondary market) it is below 50m, I place a bid today that's what they told me.

easyflow:
I was given 16.2% for 108 days. I don't know wether to accept or reject it

ijeshaboy:
are you sure you know what you are saying? Tbills is of 91, 182, 365 days, I place a bid of 182days today at gtb, am waiting to be debited. Cheers.

It must be secondary market and not primary market.

easyflow:
I was given 16.2% for 108 days. I don't know wether to accept or reject it

It depends on the tenor you have in mind. 16.2% is very good if you are planning to go for the 91 day tenor this week. You will not get this even in the primary auction if you have more than 50M to invest.
I guess what you are offered is the remaining time due to lapse on either the 182 or 364 day tenors that was bought previously at a much higher interest rate.

There is over 166 billion naira on offer this week for the 364 day tenor. I predict the rate will be higher this week for the whole amount to be fully subscribed to

Alikote:
called my account officer @gtb and she says i cant bid for 50 m below i taught is when u specify your own rate that when u cant bid less than 50 m but if your go by bank rate u can bid need clarification b4 i change bank

with sterling bank u can bid with any amount in the PRIMARY MARKET but u cant specify any rates.......after the auctions they will inform u on the rates for that auction. the last auction i got 18% for 364days, i have sent my bid since monday and am hoping to get same rate or sumthing higher tomorrow.

NL1960:


Network could be the cause. That is why it is always better to do the transfer 2-3 days before the bid date. That is what i normally do.

I was trying to move to better rate

Good evening house,
I have this question?

If i invested in Treasury Bills for 5years and FGN bond for same 5 years with same amount lets say 10million.


At the end of the tenure which one will be more profittable or pay more.?

opomulero:
Good evening house,
I have this question?

If i invested in Treasury Bills for 5years and FGN bond for same 5 years with same amount lets say 10million.


At the end of the tenure which one will be more profittable or pay more.?

[color=#990000][/color]
Treasury Bills and FGN bond are different debt financing instruments that serves different purposes.

Whereas FGN bonds can be offered with tenures of between 3-25 years at fixed interest rates, in which you cannot access your capital till the tenure expires, treasury bills have tenures between 91 days and 364 days maximum with changes in interest rates over the period under comparison.

Consequently, you can only reinvest your capital and accummulated interest over the same period for treasury bills.

The delicate part of this approach is that the interest rate is not fixed beyond 364 days and therefore will depend on the rates determined by the Federal Government through the CBN. This makes determining treasury bills rate over a long period beyond your control and hence tricky to predict as we have seen treasury bills rates oscillate between 9% and 18% per annum in the last few years.

Having said that, I can advise that at the current market condition, investing in Treasury Bills pays more as FGN bonds rates are usually more conservative.

I hope this satisfies your curiosity.

dejiotus:

Welcome back Uche. Customers like us, who were allowed before to bid directly in the primary auction via our banks ( by stating our bidding rates), are NO longer allowed unless you are bidding with more than 50M. The only option now is to go with the bank rate, and be at the mercy of what the banks decide to give you. Stanbic offered 18.43% for the 364 day tenor at the last auction on 22 March, as compared to 18% from GT bank

Thanks a billion bro for this answer. I really appreciate.

Hello,
I am totally new to TB, but i have some basic ideas about it. I sent a mail to my GTB account manager and she told me that the minimum is 50m, and that i will be informed when the secondary bill is available.

Does it mean I cant buy TB now with less than 50m. and when would GTB offer secondary bill, since i dont have 50m to approach CBN?.

Thanks for your response

OakPearl:

[color=#990000][/color]
Treasury Bills and FGN bond are different debt financing instruments that serves different purposes.

Whereas FGN bonds can be offered with tenures of between 3-25 years at fixed interest rates, in which you cannot access your capital till the tenure expires, treasury bills have tenures between 91 days and 364 days maximum with changes in interest rates over the period under comparison.

Consequently, you can only reinvest your capital and accummulated interest over the same period for treasury bills.

The delicate part of this approach is that the interest rate is not fixed beyond 364 days and therefore will depend on the rates determined by the Federal Government through the CBN. This makes determining treasury bills rate over a long period beyond your control and hence tricky to predict as we have seen treasury bills rates oscillate between 9% and 18% per annum in the last few years.

Having said that, I can advise that at the current market condition, investing in Treasury Bills pays more as FGN bonds rates are usually more conservative.

I hope this satisfies your curiosity.

OakPearl:

[color=#990000][/color]
Treasury Bills and FGN bond are different debt financing instruments that serves different purposes.

Whereas FGN bonds can be offered with tenures of between 3-25 years at fixed interest rates, in which you cannot access your capital till the tenure expires, treasury bills have tenures between 91 days and 364 days maximum with changes in interest rates over the period under comparison.

Consequently, you can only reinvest your capital and accummulated interest over the same period for treasury bills.

The delicate part of this approach is that the interest rate is not fixed beyond 364 days and therefore will depend on the rates determined by the Federal Government through the CBN. This makes determining treasury bills rate over a long period beyond your control and hence tricky to predict as we have seen treasury bills rates oscillate between 9% and 18% per annum in the last few years.

Having said that, I can advise that at the current market condition, investing in Treasury Bills pays more as FGN bonds rates are usually more conservative.

I hope this satisfies your curiosity.

Please let me ask. If someone buy Treasury Bill for 364 days let's say at 18.6% and market rate fluctuates maybe lower after a reasonable time but before maturity of the tenor, does it have any effect on existing investment?

amjustme2:


Please let me ask. If someone buy Treasury Bill for 364 days let's say at 18.6% and market rate fluctuates maybe lower after a reasonable time but before maturity of the tenor, does it have any effect on existing investment?

not at all

NO .

After getting a response regarding the new policy/rules for TBills from Djiotus, I went ahead to open a Stambic IBTC account at one of their branches in Onitsha.

And surprisingly, my account number was sent to me in less than 4 hours. Now the plan is to go back there tmrw. Move the available bal from FCMB to Stambic and try going for this auction coming up on the 6th.

But before that, I have a question I've not seen anything related to on thus thread. Wch is.

Since they said TBills is almost 100% risk free, I noticed that keystone got sold off of recent. What if mid way in, stambic IBTC starts having issues, can I get my Tbills money from FG through another bank or something?

Pls permit my ignorance. I posted this here to aid myself and those who doesn't know what will become of their TBills if the bank invested through starts having issues.

Uchefrancis16:
After getting a response regarding the new policy/rules for TBills from Djiotus, I went ahead to open a Stambic IBTC account at one of their branches in Onitsha.

And surprisingly, my account number was sent to me in less than 4 hours. Now the plan is to go back there tmrw. Move the available bal from FCMB to Stambic and try going for this auction coming up on the 6th.

But before that, I have a question I've not seen anything related to on thus thread. Wch is.

Since they said TBills is almost 100% risk free, I noticed that keystone got sold off of recent. What if mid way in, stambic IBTC starts having issues, can I get my Tbills money from FG through another bank or something?

Pls permit my ignorance. I posted this here to aid myself and those who doesn't know what will become of their TBills if the bank invested through starts having issues.

Yes, you will get your money back at end from the bank that bought your bank or the new name .

*.

bros unite4real
I need you to shed more light on the bond....do you purchase through banks as same with tbills cos bank staffs are making things difficult....kindly elaborate on the procedure

Houstency:
.

You can't meet up with the auction slated for tomorrow 5th, results of auction comes up late Wednesday (5th) to 6th (Thursday). Place your cash on call deposit (lol, that's if you have no pressing need for it before then) for 12 to 13 days since you are dealing with Stanbic IBTC bank. To be on the safe side, signify your interest on the Monday(12 days from tomorrow​) of the primary Tbills auction week. Next auction is 14 days(2 weeks) from this week auction.
Hope it helps. Regards

Super idea. Pls put more light on call deposit and how will I instruct my bank

Houstency:
.

You can't meet up with the auction slated for tomorrow 5th, results of auction comes up late Wednesday (5th) to 6th (Thursday). Place your cash on call deposit (lol, that's if you have no pressing need for it before then) for 12 to 13 days since you are dealing with Stanbic IBTC bank. To be on the safe side, signify your interest on the Monday(12 days from tomorrow​) of the primary Tbills auction week. Next auction is 14 days(2 weeks) from this week auction.
Hope it helps. Regards

Super idea. Pls put more light on call deposit and how will I instruct my bank. What's the interest on call deposit for 12 days

Thanks i really appreciate

OakPearl:

[color=#990000][/color]
Treasury Bills and FGN bond are different debt financing instruments that serves different purposes.

Whereas FGN bonds can be offered with tenures of between 3-25 years at fixed interest rates, in which you cannot access your capital till the tenure expires, treasury bills have tenures between 91 days and 364 days maximum with changes in interest rates over the period under comparison.

Consequently, you can only reinvest your capital and accummulated interest over the same period for treasury bills.

The delicate part of this approach is that the interest rate is not fixed beyond 364 days and therefore will depend on the rates determined by the Federal Government through the CBN. This makes determining treasury bills rate over a long period beyond your control and hence tricky to predict as we have seen treasury bills rates oscillate between 9% and 18% per annum in the last few years.

Having said that, I can advise that at the current market condition, investing in Treasury Bills pays more as FGN bonds rates are usually more conservative.

I hope this satisfies your curiosity.