NewStats: 3,264,142 , 8,182,755 topics. Date: Monday, 09 June 2025 at 08:34 PM 4s6o6l

Quite right 👍😉

emmaodet:


Exactly bro.
Exactly.
All these rubbishing the TB regularly should just stop.
You know quiet well before clicking on the thread that it is a TB group, so why come to rubbish it.
I am even okay with TB up to 15% provided interest rate/lending rate falls close to 20% too.
Below 15%, i will half my investment and put the other half in dollar mutual fund at 10% per annum to diversify but won't leave the naira investment totally.
You won't appreciate liquid investments like mutual funds, TB and bonds until you meet yourself in urgent emergencies then you will know solid cash like land may land you in problem to quickly and easily convert back to liquid cash to solve your problems.
The agents would smell your desperation and starts giving you shitty prices. Bring buyer today to inspect to come next week with cash which he will disappoint. Some will even say they only have 3m on ground for a 5m bargained land, out of desperation, you will say Yes only for them to say it is even 1.5m cash that is on ground to pay the rest in 6 months etc.
Also, let's be careful on this group, apart from land agents, so many scammers are on nairaland looking for who to dupe. It is an anonymous group and anybody can claim to be what they are not...rich, have large investment in TB, bought this land for this price to sell for this price etc all just to lure unsuspecting with cash to them privately on how to help them.

18 March 2036 FGN bond coupon payment received on time

21 Feb 2034 FGN bond coupon payment received on time

2026 & 2034 FGN bond coupon payments received on time.

The FGN bond you reference below is c16.29% per year (c8.145% every six months) until maturity on 17 March 2027

yourstruly5:
Hi Everyone, please I need clarification on this. I came across a FGN bond with a coupon of 16.29 for two years. Assuming someone invests with N100,000, will the person get paid 16.29% of the principal in a year? OR it will be half of the 16.29% twice in a year? Thank you.

https://ngxgroup.com/exchange/trade/debt/listed-bonds/bonds-details/?isin=NGFG142027S5&directory=bonddirectory

But I have addressed that issue in my response to you. The price per unit you bought at (N97.85) is lower than N100 so you got a little more units. The example you refer to that I responded to in the past, the purchase price was above N100 per unit and the purchaser asked for a nominal amount of N12m. That is a different kind of instruction. For example, You could have asked for N18m nominal value or you could have asked for N18m worth of bond at the purchase price at the time. Finally, you mentioned your broker uses a multiple of N1000 to covey the number of units purchased or sold. Most brokers or banks I am aware of use a multiple of N100 to convey the number of units bought or sold. The multiple used is nothing for you to worry about because you will be sent an email to convey this information and if you have online access to your with your broker, you will be able to see the nominal value of the units you purchased. Therefore, with your recent purchase, most banks or brokers will convey the number of units you bought as 181,930 but your broker uses a multiple of N1,000 so it is 18,193 units. What is important is the nominal value of the bonds you purchased which is N18,193,000. Hope this helps to provide the clarity you seek.

manwomanok:


Thank you bro for your simple explanation as always.

the issue was not even about the addition amount. you particularly in a reply to one of my post have explain how to calculate the accrued interest from day of last interest payment to day bond purchase for dirty price.. the issue is the quantity of 18,193. I thought quantity should be 180,000 following the example you gave to me in the past. below 12m naira bought 120k unit

Apologies no one replied to explain your FGN bond purchase to you. I was away over the festive period and just got back. There is nothing fishy other than perhaps your broker fee is included in the price of the bond sold to you. From the price and maturity year, I believe it is the one that matures on 15 May 2033 rather than the one that matures on 21 June 2033.

On that basis, the Nominal value at maturity of your bond purchase is N18,193,000 (you got a little bit more units because the bond price was below the nominal price of N100).

Interest will be paid at a coupon rate of 19.89% per annum (semi-annually i.e. half in May (cN1.8m) and the other half in November (cN1.8m) every year till maturity )

You reference an instruction to your broker to purchase N18m and you were debited N18.3m. The additional N300k was part of the accrued interest due of the bond from 15 November 2024 to early January this year (c6 weeks interest is about N417k meaning you had a balance from the N18m bond purchase instruction of cN117k. This also implies that the price of the bond included your broker fees. I think you might have given the instruction on Friday 3rd January because your initial enquiry post here was on 6 January.

Hope the above provides you with the clarity you seek or the clarity you sought.

manwomanok:


Bosses in the house doesn't look at my side this time. I am newbie on Bond investment, don't want to call my broker and ague blindly the reason I brough this for an insight

the gist was I asked my broker to buy me Bond worth of 20m , got a reply that they have only 18m worth, I gave the go ahead

with what I have been learning here It look something is not right, may be an error or something.  my reason of coming to my Bosses to shed more light.

I trust the below is helpful

Bakosokoto:


Could you please assist with the best pick (ROI) from below quotes

The above explanations are correct (clean & dirty bond prices) except in this case, it is not accrued interest for the whole of November 2024 that will be paid.
To be precise, you will pay accrued interest from 16 November 2024 to 24 December 2024 (23 December + 1 day settlement date) if you buy tomorrow because the maturity date for the 2033 FGN bond is 15 May 2033 from the prices you were quoted

manwomanok:


Good, That exactly layman explanation I wanted. Thank you sir

it mean if I buy tomorrow I will pay accrued interest of Nov. and Dec, plus broker's charges? also can you say something about the Bid price 94.98 and Bid yield 21.18.

Thank you once more

Yes. That's why it states discount rate & implied yield

Risingcash94:
Is this commercial paper interest paid upfront as well?

Because they are correlated. In fact, globally correlated

ernie4life:
Why are we discussing bonds in a treasury bills thread?

Treasury bills is at an all time high with Yields of 29.8%.

Why waste time on scenarios that are not going to happen? Nigeria has been one country for 110 years! Best to spend time on more meaningful thoughts/actions such as how to fix the economy and restore our materially reduced position as the Giant of Africa

manwomanok:
please House, when is the next FGN BOND date

Thank you

Good morning

You are spot on (on point) never mind not having an MBA

emmaodet:

Which brings me to the question -
If you are discouraging manufacturers thereby reducing production, some even close up due to loan defaults and layoff, how you want take grow economy when people are been thrown into more hardship and unemployment.
This type of economic move still dey baffle me.
Anyway, I didn't graduate from Cambridge or hold an MBA, so I will leave that to exparts or professionals in that sectoe

My March 2036 FGN Bond coupon was paid yesterday (5 days late but the additional 5 days interest was paid ). Time to compound

Most likely September 4, 2024.

teejay5:
Good evening,house,pls when is the next bidding?

17.55%x13/365xN100m is N625,068

presiade:

Just to clarify, I hope you know that rate is per annum. In 13 days, you’ll only get ~17.55%*(13/365) = 0.2689% of your investment face value minus fees and charges. So, if you invest N100m, you’ll get less than N268,900.

I believe its an index for the 30 largest capitalised companies listed on the Nigeria Stock Exchange (NSE)

ojesymsym:
Make una non vex, which one be NSE30 again?

Yes

joboy834:


Please are you comfortable with SCB 2% commission (secondary market). I think it is high. Please does anyone know of a bank with commission lower than that for bond purchase. Thank you

Wednesday 7 August, 2024

tabithababy:
Please when is the next primary auction date?? Please o

Good morning. Don't worry about missing my earlier post on the subject. Like Warren Buffet says "invest for the long term, keep a diversified portfolio and compound along the way"

awesomeJ:


Makes sense.
Makes much sense.

Sorry I missed your earlier post on the subject.
At 10% bonds weighting, your portfolio is even way better than I would have suggested.

I have addressed this in the past. I have a balanced portfolio. My bonds are about 10% of my portfolio. The rest are FX dividend paying shares that also provide capital gains. An example is shown below of an FX dividend I received in May this year.

awesomeJ:


Why do you like bonds this much na.

Just a suggestion o, I think you should rebalance your portfolio. Add some stocks.

You seem to be a long term person, why not add some good dividend paying stocks that would do like 8% in dividends and may still do up to 2000% in capital gains over the lifetime of those bonds.

SEPLAT trades for around $2.4 but pays $0.03 every quarter. That's 5% annualized.

But check the prices on July 25th 2023 vs July 26th 2024, The capital gains is about 134%.

Over the past 5 years, the only bellwether on NGX that's losing is NESTLE. It was overpriced to begin with though.

I understand you have your reasons and and I'm not suggesting they aren't awesome. I just feel you should be getting more returns
. It's sort of paining me 😁😁.

Just maybe consider pushing 20% of your bond portfolio to other asset classes with capital gains potentials sha: stocks, euro bonds, gold etc.

Except of course these asset classes already have a significant weighting in your overall portfolio.

Again, you don't have to take this seriously, it may be someone else who finds it useful, now or later.

You are right. 13% to be precise. I feel great about them. In addition, I have recently bought more bonds (2034) at 19% yield. So its all good

Nakedman:


With rate spinning around 21% how do you feel about these bonds as you must have gotten then around 11-13%

Understood. I have been holding these bonds for years now and plan to hold till maturity. The currency risk is quite inconsequential for my needs. Besides, who is to say post/from 2027 the Naira will not appreciate... Anyway, that is irrelevant to me btw I also have 2036 bonds which will pay its next coupon in September

awesomeJ:

Awesome.

But holding 2034
To hold one year sef is hard for me o. I just always feel an opportunity may just show up, not to mention the currency risk.

Meanwhile to change the subject from exchange rates and FPIs, the coupon payments for FGN bond 2026 & 2034 were paid/received on time Happy Days

24 July, 2024

adetunrayo:
Hi Investors,

Please confirm the next Treasury bill auction date

😂😂😂😂😂😂

awesomeJ:


Llama 3 is hallucinating.

Invest 2m to get 7m

awesomeJ:

One gram of gold was doing around 20k 4 years ago, today, it's around 100k. Some people are probably eyeing to sell their wedding rings sef 😁😁

But not all foreign currencies are worthwhile o. Don't go and buy Zig or CFA o, that's not why we came to Lagos 😁😁, that's not why we followed night bus.

Tranquility2345:


Please no vex o. But did you maths for WAEC? I’m only asking because this calculation is very basic.

civilserva:
When you read some comments here, you will realize some people are products of ogogoro tainted sperm.

I am pretty confident the auction will hold/take place on 10 April