anitank:
Just left first bank. Got 364 days @ 11%.

sent you a dm.

TONY56:
Very unlike Stambic, my matured NTB-the very first transaction for this year 2018 has dropped into my account as 13:37pm.
Stambic used to credit accounts on or before 12noon.

Has anyone been credited today?

Shuoooo. Oga, were you wanting to earn interest on the money per minute basis?. . There is no much difference between 12noon and 13:37pm now. Moreover, it could be the network that delayed the sms alert message.

anitank:
Just left first bank. Got 364 days @ 11%.

You mean secondary market?

Ifelove1:
You mean secondary market?

Yes secondary market

israelboy1:


sent you a dm.

Didn’t see the content of the message dear

anitank:
Just left first bank. Got 364 days @ 11%.

Ifelove1:
You mean secondary market?

anitank:


Yes secondary market

How is that possible?. 364 days in secondary market when the highest tenor in NTB primary market is 364. Did the bank or individual buy from primary market and sold that same day to you?.

Please what is the current GTBank secondary market rate?

dyonpoint:
Please what is the current GTBank secondary market rate?

I got 12% for 91 days at GTB; my account has been debited accordingly.

Omonigeriarere:


I got 12% for 91 days at GTB; my account has been debited accordingly.

Thanks.

Omonigeriarere:


I got 12% for 91 days at GTB; my account has been debited accordingly.

I am in a GTBank now and I was told they haven't gotten mail for secondary market.

Omonigeriarere:


I got 12% for 91 days at GTB; my account has been debited accordingly.

Please what's the amount you invested

I got 10% for the same number of days

Hello house! Pls what is the minimum fund that can be logged-in for T-bills at Stanbic IBTC bank?

pizapato:



Please what's the amount you invested

I got 10% for 2.3m for the same number of days

When was this please?

dyonpoint:

When was this please?

Yesterday and it's primary market

pizapato:


Yesterday and it's primary market

Oh okay.

dyonpoint:


I am in a GTBank now and I was told they haven't gotten mail for secondary market.

No bank will motivate you to invest in TB; stand up for your right bro.

pizapato:



Please what's the amount you invested

I got 10% for 2.3m for the same number of days

Stop leaving the rates to the discretion of banks since you can not loose any money due to % you quote.

I actually took 12% in 91 days as a risk and it pays off.

Got 355 days @ 11.5% secondary market

Omonigeriarere:


Stop leaving the rates to the discretion of banks since you can not loose any money due to % you quote.

I actually took 12% in 91 days as a risk and it pays off.

Thanks. We learn everyday

I actually sent the instruction through email.
For subsequent ones, I will specify the rate I want based on rates I see around.

Omonigeriarere:


Stop leaving the rates to the discretion of banks since you can not loose any money due to % you quote.

I actually took 12% in 91 days as a risk and it pays off.

For the sake of us learners, are you saying you placed a bid for the 91-day bills at 12% and it sailed?

I'm asking cos the stop rate at the last auction was 10.0000%

awesomeJ:

For the sake of us learners, are you saying you placed a bid for the 91-day bills at 12% and it sailed?

I'm asking cos the stop rate at the last auction was 10.0000%

i will also love to learn from here as well.

NL1960:






How is that possible?. 364 days in secondary market when the highest tenor in NTB primary market is 364. Did the bank or individual buy from primary market and sold that same day to you?.

I don’t know. I’m guessing the bank bought from the primary market and sold the same day to me, because today I added funds to the interest I got yesterday to round up the figure, went back to first bank and got 363 days at same 11%

Please what do you mean by "unsuccessful"?

lancee:
Got a mail from gtb, 364 dys primary market unsuccessful yester

Um I thought you could only dictate your rate if you're doing tbs of 50 million?

Omonigeriarere:


Stop leaving the rates to the discretion of banks since you can not loose any money due to % you quote.

I actually took 12% in 91 days as a risk and it pays off.

Hello House,

Thanks to this thread, in March I could invest just 900k for my first time (wanted to start with 1m) in Treasury Bills at a rate of 13.55% p.a of which my interest was about N64,000.

However, I may need to terminate it soon.

How much should I expect to receive?

Subscription was for 192 days
Discount value was N836, 185.07
Maturity Date is 04 Oct.

Thanks

cc: Feelamong, Emmanuelewumi, Tony56, AwesomeJ, Investnow2017, Freeman67

pls house, if i invest #300k on t. bills at the rate of 10% with duration of 91days. how much is likely to be the interest and when will the interest be paid?. tnks

teeymix16:
pls house, if i invest #300k on t. bills at the rate of 10% with duration of 91days. how much is likely to be the interest and when will the interest be paid?. tnks

The 10% is per annum which is N30,000. Therefore your interest is 30k divided by 4 (for 91 days which is a quarter of a year) which is N7500.

Your interest will be paid within hours on the day of your investment.

The bigger the initial investment, the higher the returns.

Omoluabi9:
Hello House,

Thanks to this thread, in March I could invest just 900k for my first time (wanted to start with 1m) in Treasury Bills at a rate of 13.55% p.a of which my interest was about N64,000.

However, I may need to terminate it soon.

How much should I expect to receive?

Subscription was for 192 days
Discount value was N836, 185.07
Maturity Date is 04 Oct.

Thanks

cc: Feelamong, Emmanuelewumi, Tony56, AwesomeJ, Investnow2017, Freeman67

Your N836, 185.07 is sure. The amount you will get extra as interest now since you didn't let it mature is subject to the number of days you held the investment and the percentage it would be resold to another buyer.

teeymix16:
pls house, if i invest #300k on t. bills at the rate of 10% with duration of 91days. how much is likely to be the interest and when will the interest be paid?. tnks

TBILLS IS FOR MILLIONAIRES.

freeman67:

Your N836, 185.07 is sure. The amount you will get extra as interest now since you didn't let it mature is subject to the number of days you held the investment and the percentage it would be resold to another buyer.

My effective date was March 27, so I would have held for 3 months and 2 weeks if I terminate this week.

Since my initial investment of 900k at 13.55% is about N335 per day.

Does this mean 64K (initial interest) minus N335 x 3mths and 2 weeks?

Where does the new percentage to new buyer come into this?

Thanks freeman67!

Terminating it tomorrow you would have held it for about 98days. Your daily interest is about 332.7 instead because transaction and custody fees was deducted from it too. If it is sold at that exact rate you got it you would neither loose nor gain. However the prevailing market rate seem to be lower than the rate you got it. If sold at the prevailing market which is hovering around 11. you should gain more. Hope your contract didn't state any penalty for not keeping to terms?

donshady:


TBILLS IS FOR MILLIONAIRES.

Who started from little.