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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 unite4real: 11:15am On Apr 06, 2017 |
spiceeamiee: I am glad you read the posts without jumping in with questions. i am sure you found the information you get here is rich enough after you read. Information is wealth. Knowledge is power. 10 Likes |
Re: Treasury Bills In Nigeria by lizberry1(f): 11:51am On Apr 06, 2017 |
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Re: Treasury Bills In Nigeria by dejiotus: 12:51pm On Apr 06, 2017 |
Lalaska:Above were the stop rates kindly provided, for the auction on 22 March 2017, courtesy of Lalaska . Can Lalaska and other gurus in the house kindly provide the stop rates for the auction yesterday; 5 April 2017. Knowing the CBN stop rates allow members to critically appraise how mean or otherwise the banks are, with the rates the banks are offering their customers. |
Re: Treasury Bills In Nigeria by feelaaG: 1:25pm On Apr 06, 2017 |
Dear Mr Feelamong, Please see below the outcome of the Treasury Bills Primary Auction which held on April 05, 2017: PRIMARY MARKET AUCTION RESULT TENOR (DAYS) 91 182 364 STOP RATE 13.5511% 17.2121% 18.7411% 2 Likes |
Re: Treasury Bills In Nigeria by dejiotus: 1:39pm On Apr 06, 2017 |
feelaaG: Many thanks to FeelaaG for the above CBN stop rates. Members should kindly update the house on the different rates the banks are offering to their customers. Some banks have consistently been offering the same rate on the 364 day tenors for the last 3 auctions despite the gradual increase in rate from 18.55% on 15 March, to 18.69% on 22 March and now 18.74% on 5 April 2017 1 Like |
Re: Treasury Bills In Nigeria by sanerugwei: 1:55pm On Apr 06, 2017 |
dejiotus: Fixed Rates are still going up, inflation still up there, cost of good not coming down either. Dollar rate still dancing kpangolo IMF is blabbing devaluation. |
Re: Treasury Bills In Nigeria by amordi: 2:25pm On Apr 06, 2017 |
[ 1 Like |
Re: Treasury Bills In Nigeria by awesomeJ(m): 3:13pm On Apr 06, 2017 |
gentlemate00:Like Unite4real mentioned, when you're buying a reopening bond, the coupon rate is already fixed, and what you bid for is the yield. If you buy a reopening bond of 14.5% at a yield of 16% say approximately 1 day after the bond issue, it implies that in a year's time 1 million naira invested at the original price is worth 1,145,000. So if it's like you bought 10,000 units at an original price of 100, with each having a future value of 114.5, now when the yield becomes, 16%, the future value of each bond unit still remains as 114.5 because the coupon rate is fixed, hence for your 1 million to become 1,160,000 after one year, it means it is buying more than 10,000 units of the bond today. the exact number of units would be 10,131 gotten by dividing 1,160,000 by 114.5, and the price you pay for each unit of the bond today would be about 98.71 i.e 1,000,000/10131. There are other factors that determine bond yield/price, a major one is the time interval between when you're buying the bond, and the date of the next coupon payment. Basically, all you need to determine your returns on a bond investment is the yield. The yield is the same as the coupon rate if it's a new issue, otherwise, the yield is quoted for you to know. So if you put 14 million into a bond investment with a 14.5% yield, you will get returns of 1,015,000 every six months throughout the lifetime of the bond. 4 Likes 1 Share |
Re: Treasury Bills In Nigeria by jp130(m): 5:57pm On Apr 06, 2017 |
Any alert frm any of the banks? |
Re: Treasury Bills In Nigeria by zamirikpo(m): 6:05pm On Apr 06, 2017 |
jp130: sterling bank just debited my face value...........i am waiting for the upfront interest so i can calculate the interest rate. |
Re: Treasury Bills In Nigeria by Happyfellow147: 6:08pm On Apr 06, 2017 |
Yes, this evening from stanbic, I think about 18.3 % or so. Please what about the certificate? When can I get it |
Re: Treasury Bills In Nigeria by gentlemate00: 6:09pm On Apr 06, 2017 |
Thank you so much for a details explanation and kudos my oga Unite4real for taking time give good input however I want to invest in bond for simple reason to have available money every 6 month in the case of FGN BOND or new FGN SAVING BOND which has 4 coupon payment in calendar hence thinking of bond pls note that Treasury bill pay interest upfront but I like something to drop like my oga Unite4real did. I need similar investment vehicle giving return every 6month or quarterly in a calendar year. What is reopening bond? How do I know I am buying reopening bond. Thank you awesomeJ: |
Re: Treasury Bills In Nigeria by jp130(m): 6:19pm On Apr 06, 2017 |
Like me also, i am equally waiting for interest. Plz its my first time with them, when shud i expect the upfront interest alert? zamirikpo: |
Re: Treasury Bills In Nigeria by X21: 6:52pm On Apr 06, 2017 |
GTB 18.05% FOR 364 DAYS 1 Like |
Re: Treasury Bills In Nigeria by gentlemate00: 6:58pm On Apr 06, 2017 |
Let assume I want to invest in fresh 20 year bond offers and invest 14million locked down at 17%. What is my interest or let me say what will be payment every 6month period for the total year 20. I mean what will be my return every 6month for the said amount at the coupon rate of 17%. Are you talking about FGN BOND OR NEW FGN SAVING BOND( manage by Debt Management Office) Thank you awesomeJ: |
Re: Treasury Bills In Nigeria by gentlemate00: 7:24pm On Apr 06, 2017 |
awesomeJ: Every 6month that is for FGN BOND because it's has coupon payment February and August according to my oga Unite4real. Thanks |
Re: Treasury Bills In Nigeria by ijeshaboy: 7:59pm On Apr 06, 2017 |
gtbank just debit me for 182days at 17%. Cheers 1 Like |
Re: Treasury Bills In Nigeria by anitank(f): 8:32pm On Apr 06, 2017 |
just2endowed: Sorry for the late reply. It was on the 28th or so. Got my interest alert today and it was precisely 17% for 182 days. I think it's a great bargain since primary market gives for 17.2% 1 Like |
Re: Treasury Bills In Nigeria by awesomeJ(m): 8:34pm On Apr 06, 2017 |
gentlemate00:At a yield of 17%, a 14million naira investment would earn you NGN1,190,000.00 every six month throughout the lifetime of the bond. Not all bonds have coupon payments made in Feb and August, Unite4real's coupons come in in those months because the bond is a Feb 2020 bond. The new 20 year bond on offer on April 12 is an April 2037 bond, so if you buy this one, your coupon payments would be made every April and October till your grandson gets married. The FGN savings bond is also issued by the DMO. It's a new bond type they just came up with for whatever reasons. They have structured it to be different from the conventional FGN bond. The basic differences are that it has a shorter tenor of 2&3 years, whereas traditional bonds typically have tenors of 5,10 and 20 years. This short tenor is perhaps the reason for the second difference which is that its coupons are paid every quarter rather that semiannually. One of its pros over the normal bonds is that you don't have to lock down your funds for too long, whereas its cons include the fact that it has a lower yield. I think if you make up your mind today, you should approach your bank tomorrow so your application would make the upcoming bond auction scheduled for next Wednesday. 1 Like |
Re: Treasury Bills In Nigeria by zamirikpo(m): 8:36pm On Apr 06, 2017 |
jp130: usually the upfront interest is paid in minutes after they deduct face value. so it should come in anytime from now. |
Re: Treasury Bills In Nigeria by gentlemate00: 9:23pm On Apr 06, 2017 |
Thank very much and everything noted not sure I can meet up for the April 12 due distance at the moment.Again how do I explain it to my bank the type bond needed. Both are bond from FG. awesomeJ: |
Re: Treasury Bills In Nigeria by EllisAde: 9:28pm On Apr 06, 2017 |
Stanbic did 17.22% for 182 days. Just got the alert of debit on my account and its the best i ever got. |
Re: Treasury Bills In Nigeria by lancee(m): 9:44pm On Apr 06, 2017 |
Do we have a choice with these rip-offs banks ..Gtb gave me 18%for 364 days When cnb was 18.74% |
Re: Treasury Bills In Nigeria by awesomeJ(m): 9:58pm On Apr 06, 2017 |
gentlemate00:The next auction after April 12 is May 10, that's if you must buy at the primary market. The available bonds for this quarter are 14.50 FGN JUL 2021, 16.2884 FGN MAR 2027, and FGN APR 2037. You will choose whichever of these 3 you want. They will all be reopening bonds after Apr 12. Each bond is referenced by the names listed above. |
Re: Treasury Bills In Nigeria by unite4real: 10:42pm On Apr 06, 2017 |
gentlemate00: I guess awesomeJ has done a lot of explaining on this. However if you were referring to FGN bonds and FGN Savings bond when you requested to know how to explain that to your bank; Do know that commercial banks don't deal on the savings bond, only authorized stockbrokers do. I don't need to flog anything further. You have gotten enough information. |
Re: Treasury Bills In Nigeria by jp130(m): 10:57pm On Apr 06, 2017 |
Plz wat rate did dey giv u? I didnt specify duration in my letter n i just got alert of N6681.64 on 200k investment. zamirikpo: |
Re: Treasury Bills In Nigeria by punae: 11:08pm On Apr 06, 2017 |
unite4real: Which reputable discount house do you know or buy from |
Re: Treasury Bills In Nigeria by amjustme2: 11:31pm On Apr 06, 2017 |
Did anyone bid with First Bank during April 5 TBill Auction? Either 182 or 364 days? I want to know if I should consider using them or move my cash to IBTC against next auction in less than 2 weeks. Thanks house! |
Re: Treasury Bills In Nigeria by Esthametor: 12:52am On Apr 07, 2017 |
Hi house Pls this is my first time of doing TBills. I applied on 31st March, 2017 for 91 days at First bank. Was debited 250k. On 6th April, I was credited with 8,232. I don't understand. Please can someone explain what is happening? |
Re: Treasury Bills In Nigeria by babakess: 2:47am On Apr 07, 2017 |
Esthametor: Your interest 8,232 is for 3 months.... Multiply it by 4 to get the annualized interest that would be 8232*4=N32,928 now divide that by ur principal amount invested.....32928/250000=0.1317. That is 13.17% ...Hmmmm not bad for 91days ....Very close to the rate of CBN. 2 Likes |
Re: Treasury Bills In Nigeria by gentlemate00: 3:03am On Apr 07, 2017 |
Thank you my good people and God bless for taken your time to explain really appreciate will get in touch with my bank. Before May 10 Thanks a lot unite4real: |
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