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Commercial Papers - Investment - Nairaland 3u3m3a
Commercial Papers (23570 Views)
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| ernie4life(m): 11:42am On Feb 08, 2019 |
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What are commercial papers? What returns do they offer? and what are the risks associated with investing in commercial papers? I will be discussing everything on Commercial paper soon both for investing and educational purposes Loading.............. 
8 Likes |
| lilsyd: 11:50am On Feb 15, 2019 |
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Hello ernie, i am very interested in this post please go on. Also it would be great if you can shed some light on how to participate in equity trades as a dummy..lol
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| ernie4life(m): 12:28pm On Feb 15, 2019 |
lilsyd: yeah, i will soon post something. For equity Trade as a beginner you may have to read up lots of stuffs online and offline, from stock brokerage firms, some stockbroker firms offer dummy s where you can trade in a simulation platform while having the effects of real market trend. This trades could help give you the practical approach in learning. |
| ernie4life(m): 1:05pm On Feb 15, 2019 |
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Commercial paper is to corporate organizations what Treasury bills is to sovereign governments. Commercial paper represents short term unsecured debt instrument used by corporate organization with strong credit rating to raise funds from the investing public. The term unsecured means they are not backed with any collateral that is why only firms with strong credit ratings can issue commercial papers They are classified as a money market instrument (money market instruments are investments that typical mature within a year). Usually firms use commercial paper to fund working capital that includes raw materials and other input resources etc. Maturities’ of commercial paper is not above 270 days or else they need to be ed with SEC, so firms find it easier to issue commercial papers because of less registration than other debt instruments. Most firms issue commercial papers as means to avoid higher interest rates from banks for instance banks could charge as high as 30% P.A while you could just issue commercial papers at 15% P.A , so it’s more favorable for firms to issue commercial papers than to take loans from banks but then its only firms with strong credit rating that the investing public would trust enough to lend them money in form of commercial papers especial since its unsecured. So what about firms with low credit ratings, what can they do if the want to issue Commercial paper? 8 Likes 2 Shares |
| Delightful8(f): 8:43pm On Mar 05, 2019 |
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Hard truth. With the sudden nose diving of treasury bills rate we all should expect money market funds to follow soon. You may want to consider other mutual funds. You said this on the mutual fund thread. Can you kindly shed more light? Thanks 1 Like |
| ernie4life(m): 8:49pm On Mar 05, 2019 |
Delightful8: A huge percentage of money market funds are invested into treasury bills, so if rates on treasury bills trends down so will the performance of money market funds too 3 Likes |
| ernie4life(m): 9:32am On Apr 12, 2019 |
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Nigerian Breweries Plc commercial paper Series Number Series 1 Series 2 Tenor 90 days 182 days Effective Yield 11.5900% 14.4300% Discount Rate 11.2680% 13.4614% Issuer Rating Aa (Agusto); AA (GCR) Aa (Agusto); AA (GCR) Minimum Subscription 5 Million Naira Only 5 Million Naira Only Offer Open Thursday, April 11th, 2019 Thursday, April 11th, 2019 Offer Close Date Thursday, April 18th, 2019 Thursday, April 18th, 2019 Settlement Date Tuesday, April 23rd, 2019 Tuesday, April 23rd, 2019 Maturity Date Monday, 22nd July 2019 Tuesday, 22nd October 2019 |
| ernie4life(m): 5:59pm On Apr 18, 2019 |
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Flour Mills of Nigeria plc commercial paper Tenor. 181 DAYS Discount rate: 13.5273% Implied yield : 14.50000% Offer open : April 16,2019 Offer close : April 23,2019 Funding date: April 24,2019 Minimum : 5m Tax consideration : free and clear of withholding taxes 1 Like |
| ernie4life(m): 7:27am On May 23, 2019 |
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Issuer:Dangote Cement PLC Tenor:93-days, 178-days, 269-days Target Size:Up to N50billion Discount Rate (%):12.0000, 12.3000, 12.0000 Implied Yield (%): 12.3785, 13.0849, 13.1642 Offer Open Date:Wednesday, 22 May 2019 Offer Close Date:Friday, 24 May 2019 Allotment Date:Friday, 24 May 2019 Settlement Date:Monday, 27 May 2019 Minimum Subscription:N5million Tax Consideration:Free and clear of withholding taxes 1 Like |
| ernie4life(m): 4:25pm On May 24, 2019 |
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Mixta Real Estate PLC Series Number Series 6 Series 7 Tenor 180 days 266 days Effective Yield 14.6700% 15.3600% Discount Rate 13.6803% 13.8137% Issuer Rating A3’ Short term (2018) and “BBB” Long term (2018) by Global Credit Rating Co. Limited A3’ Short term (2018) and “BBB” Long term (2018) by Global Credit Rating Co. Limited Minimum Subscription Minimum of ₦5.0m and multiples of ₦1,000 thereafter Minimum of ₦5.0m and multiples of ₦1,000 thereafter Offer Open Thursday, May 23rd, 2019 Thursday, May 23rd, 2019 Offer Close Date Monday, May 27th, 2019 Monday, May 27th, 2019 Allotment Date Tuesday, May 28th, 2019 Tuesday, May 28th, 2019 Issue Date Thursday, May 30th, 2019 Thursday, May 30th, 2019 1 Like |
| ernie4life(m): 2:36pm On Jun 03, 2019 |
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Stanbic IBTC Bank PLC Series Number. Series 48. Series 49. Series 50 Tenor. 90 days. 180 days. 270 days Effective Yield. 11.9840%. 12.6532%. 14.0000% Discount Rate. 11.6400%. 11.9100%. 12.6862% Issuer Rating. "AAA" (Fitch); "AA-" (GCR) Minimum Subscription. Minimum of ₦5.0m and multiples of ₦1,000 thereafter Offer Open Date. Friday, May 31st, 2019 Offer Close Date. Thursday, June 6th, 2019 Allotment Date. Thursday, June 6th, 2019 Issue Date. Friday, June 7th, 2019 2 Likes |
| ernie4life(m): 11:37am On Aug 30, 2019 |
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Issuer: Mixta Real Estate PLC Tenor 183 days 268 days Discount Rate 13.95% 14.32% Effective Yield 15.00% 16.00% Issuer Rating Bbb- (Agusto) Bbb- (Agusto) Minimum Subscription ₦5,000,000 ₦5,000,000 Offer Close Date Monday, 2 September 2019 Monday, 2 September 2019 Maturity Date Wednesday, 4 March 2020 Thursday, 28 May 2020 1 Like |
| Emmaesty(f): 12:26pm On Aug 30, 2019 |
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These commercial papers are not cheap o.5m 
3 Likes |
| alezzy13: 12:48am On Oct 15, 2019 |
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Nice job OP.
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| olypharm: 2:25am On Oct 15, 2019 |
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Following
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| IamR: 10:30am On Oct 25, 2019 |
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Nice one.
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| ProWalker: 11:29am On Oct 25, 2019 |
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Following. I missed out on NB Plc . Had less than 5M at that period as I just did Secondary TB with Coronation Securities. |
| Just2endowed2(m): 5:45am On Nov 05, 2019 |
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Can one buy less Than 5 million at the secondary market of commercial papers
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| ernie4life(m): 10:55am On Feb 03, 2020 |
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Issuer: Nigerian Breweries PLC Arranger & Dealer: Stanbic IBTC Capital Limited , FBNQuest Merchant Bank Limited and FCMB Capital Markets Limited Series: Series 5 Series 6 Nigerian Breweries PLC Issue of up to NGN45 Billion Series 5 and Series 6 Commercial Paper Tenor: 183 days 270 days Target Size: Up to NGN15 billion Up to NGN30 billion Discount Rate: 4.8781% 7.1068% Implied Yield: 5% 7.50% Offer Open Date: Monday, 3 January 2020 Offer Close Date: Friday, 7 February 2020 Settlement Date: Monday, 10 February 2020 Maturity Date: Tuesday, 11 August 2020 Friday, 6 November 2020 Issuer Rating: Aa- (Agusto); A1+ (GCR) Minimum Subscription: NGN5 million |
| Just2endowed2(m): 2:51pm On Feb 03, 2020 |
ernie4life: he small sha 1 Like |
| ernie4life(m): 3:08pm On Feb 03, 2020 |
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News around is that Dangote will soon be out (just rumor)
2 Likes |
| ogunjyde2004(m): 3:14pm On Feb 03, 2020 |
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Are you looking for your missing shares, bonuses and unpaid dividends, do not worry again with ISF you can get them back. It is approved by SEC. You can check it out in Business Day. https://businessday.ng/companies/article/respite-for-investors-shareholders-over-n130bn-unclaimed-dividends-missing-shares/amp/ |
| freeman67: 5:19pm On Feb 03, 2020 |
ernie4life: Ok, we will be waiting... |
| benedictuyi(m): 5:42pm On Feb 03, 2020 |
ernie4life:Please don't mind my asking, but are the percentage implied yield per annum, or just for the selected duration? |
| troy20(m): 8:35pm On Feb 06, 2020 |
ernie4life:Bro let me get your number pls. |
| damilola1978: 4:57pm On Feb 10, 2020 |
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Any new commercial papers auction?
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| ernie4life(m): 12:38pm On Feb 17, 2020 |
damilola1978: Hot offer, best in the market right now 2 Likes |
| damilola1978: 1:40pm On Feb 17, 2020 |
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Which registrars? ernie4life: |
| ernie4life(m): 1:11pm On Feb 21, 2020 |
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Coronation merchant bank commercial paper offer
2 Likes |
| damilola1978: 4:57pm On Mar 02, 2020 |
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Any new commercial papers
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| kontrolbuoy(m): 3:51pm On Apr 11, 2020 |
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Dangote
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| ernie4life(m): 10:14pm On Apr 11, 2020 |
kontrolbuoy: This is a bond not a commercial paper |
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