ernie4life:


the previous one they sold, lots of people complained of not getting their coupon on time.
why should i lock up my funds for that long at ordinary 15% when treasury bills are most likely to get there soon,
doesn't look like smart investment to me.
Good luck to those buying

JustBasic:
Hi everyone,

I am interested in purchasing some units of the "5.625% US$500M JUN 2022 Diaspora bond" listed on the DMO website. Most of stockbroking firms I have contacted so far insisted on $100k entry. Do you guys know any investment house that accept $50k and quite reputable?

Thanks for your response.

P.S. I am not in Nigeria, I don't know if that makes any difference.

Jonathan:

Wow . @ the bolded .
I thought it’s the same DMO handling the Savings Bond and other FGN sovereign bond .
Mehn . I think I need to review my decision

spenca:

DMO handles every capital market instrument aside the equities. There may have been some lapses at that time. The case of rates , you should have a medium to long term outlook at where rates are going not just the short term. Question you should ask is why has Tbills rate been spiking in this quarter and will it be sustained ?

wuwu2:
Please anybody here who invested in the recent fgn sukuk bonds? Have you gotten any evidence of investment?

unite4real:


I did but I have not gotten any information yet.

Do u have updates

wuwu2:

No I don't and its a bit unusual thats why I am asking. The transaction ought to have rounded up by 28 december as contained in the offer curcular. Even on the DMO website, I saw no info as to the outcome

unite4real:


I understand that it takes time to reflect on our CSCS. sometimes 2 weeks or more. Its actually worrisome because we are not being communicated to douse tension. But just relax everything is on course

oludy:


Agreed. Let's wait patiently. I had contacted Lotus Capital who did the transaction on my behalf and they equally mentioned we should see updates going into the second week in Jan 2019.

unite4real:
Let's keep this thread updated from time to time as it appears only a few of us investment in this security, SUKUK. @wuwu2 , @oludy

wuwu2:

No probs boss

oludy:


I read today a total of N100b has been handed over to the Works Minister. That means allotment must have been concluded, yet to notice yet. And what happens to the N32b excess?

oludy:


I read today a total of N100b has been handed over to the Works Minister. That means allotment must have been concluded, yet no notice yet. And what happens to the N32b excess?

akinola98:


Good question!
I wonder no one said anything about that even up till now
Let wait and see

oludy:


I read today a total of N100b has been handed over to the Works Minister. That means allotment must have been concluded, yet no notice yet. And what happens to the N32b excess?

unite4real:


read on page 9 of the prospectus that any oversubscription will be absorbed by new projects.

unite4real:


read on page 9 of the prospectus that any oversubscription will be absorbed by new projects.

wuwu2:
Anybody got a proof or notification of investment yet?

unite4real:


I have not

oludy:


Nothing still.

oludy:


Finally got my allotment advise yesterday., Hope it is the same for you.

akinola98:


Thank God . Got mine credited into my cscs account too .... but I don’t understand how it was documented on the cscs table/chart, maybe u could pls help to explain

I bought 5M worth but on my cscs account, it was written under the column as
Quantity: 5,000
Current price: :00
Current Value: :00

I was expecting they will put the 5M there as quantity or value .
Please is it the same as yours or u think I have got to issue to iron out ?? Thanks

oludy:


Finally got my allotment advise yesterday., Hope it is the same for you.

unite4real:


I have not gotten mine yet. Which did u use, lotus capital or FBN merchant. Was it your cscs account with your stock broker you checked it or with cscs direct.

I actually called Lotus capital yesterday and I was informed they will be doing allotment before weekend. I am surprised some have started getting. I hope mine will be soon

oludy:


I used Lotus capital and their custodian account. Did not have a CSCS account at the time. I got a mail. Am sure you will receive yours soon. If you used your CSCS account, maybe you can check again.

wuwu2:
Anybody got a proof or notification of investment yet?