NewStats: 3,262,669 , 8,177,836 topics. Date: Tuesday, 03 June 2025 at 09:07 AM t4q52

biznus:
Stanbic primary didn't go through

Same with Zenith Bank.
I guess most of them got to know quite lately and they submitted a too ambitious bid

safex:

Same with Zenith Bank.
I guess most of them got to know quite lately and they submitted a too ambitious bid

Saw it coming considering the total bills issued was far less than that of the initial offer

jidobaba:

Invested with Gtb secondary mkt @18%, 357days. Just yesterday. Seemed a tad low.

I have been away from this market for quite a while. Has the minimum investable amount by individual investors been lowered so far? The last I was aware was when the minimum was raised to about N100 m or thereabout.

presiade:


I have been away from this market for quite a while. Has the minimum investable amount by individual investors been lowered so far? The last I was aware was when the minimum was raised to about N100 m or thereabout.

At the auction it's 50m except your bank of Fund manager is able to aggregate.

Oshokhai69:
Emmasoft please why is SFS still very low? 12.5% is an insult! 😡

SFS fixed income fund and other mutual funds will gradually have their rates increased as long as the MPR and Tbills rates remain high but this will not happen immediately. As revaluation of underlying assets continues the high rates will relect. it used to be 11.05% few weeks back.

Expected coupon payment from agbalaka bond on the 13th of March but it failed to come and no explanation.

Please does anyone know of any adverse updates or actions to be taken to recoup money if payment fails.

Thanks

Thanks for the update.

eanestca:


At the auction it's 50m except your bank of Fund manager is able to aggregate.

Fsdh as at today is 16.19% PA

RayRay06677:
Expected coupon payment from agbalaka bond on the 13th of March but it failed to come and no explanation.

Please does anyone know of any adverse updates or actions to be taken to recoup money if payment fails.

Thanks

Pls which one is Agbalaka bond

Akerewe:


Pls which one is Agbalaka bond

Funny name 🤣, Hahaha 🤣

Akerewe:


Pls which one is Agbalaka bond

One power plant by one of the SW states that floated a bond working capital

Agbalaka should be the name of the location

Agbalaka power plant

Greetings All,

When is the next auction for Treasury bills Primary markets?

All road leads to fsdh for Mutual Funds.

Nakedman:
All road leads to fsdh for Mutual Funds.

What is their interest capitalization and payment policy?.

RayRay06677:


One power plant by one of the SW states that floated a bond working capital

Agbalaka should be the name of the location

Agbalaka power plant

Hearing this for the first time. I tried to Google it to No avail. Good luck

Nakedman:
All road leads to fsdh for Mutual Funds.

Stanbic just be doing shakara and be offering 13% for MMF. See their Junior brother dey shake body well.

stanbic is now on 14.05%

Dum20:


Stanbic just be doing shakara and be offering 13% for MMF. See their Junior brother dey shake body well.

Akerewe:


Pls which one is Agbalaka bond

Dr Agbalaka wey talk say he discover cure for HIV. Na him be that

Oshokhai69:


Dr Agbalaka wey talk say he discover cure for HIV. Na him be that

That Dr is ABALAKA not agbalaka

Akerewe:


That Dr is ABALAKA not agbalaka

Them make mistake. Na him be that

Oshokhai69:


Them make mistake. Na him be that

For those who have invested in the secondary market, were you paid the interest upfront just like it's done in primary market

Or is everything held (capital + interest) till the end of the tenor?

Akerewe:


Hearing this for the first time. I tried to Google it to No avail. Good luck

Alagbaka not Agbalaka
https://thenationonlineng.net/firm-floats-n4-2b-bond-to-build-ondo-power-plant/

The turbines were just delivered in December (https://independent.ng/power-ondo-ag-gov-aiyedatiwa-to-take-delivery-of-n7-8bn-worth-gas-engine/) so not yet operational. Paying coupon from financing cashflows could be a mini-Ponzi.

On the other hand, the ultimate Guarantor is the Ondo State Government so there is your recourse.

I believe RayRay06677 asked a similar question in September, and later confirmed the coupon is usually paid a couple of days late.

jabolo:


Alagbaka not Agbalaka
https://thenationonlineng.net/firm-floats-n4-2b-bond-to-build-ondo-power-plant/

The turbines were just delivered in December (https://independent.ng/power-ondo-ag-gov-aiyedatiwa-to-take-delivery-of-n7-8bn-worth-gas-engine/) so not yet operational. Paying coupon from financing cashflows could be a mini-Ponzi.

On the other hand, the ultimate Guarantor is the Ondo State Government so there is your recourse.

I believe RayRay06677 asked a similar question in September, and later confirmed the coupon is usually paid a couple of days late.

Thanks, coupon payment is been delayed this March. The fact that it was backed by a state government made me invest.

jabolo:


Alagbaka not Agbalaka
https://thenationonlineng.net/firm-floats-n4-2b-bond-to-build-ondo-power-plant/

The turbines were just delivered in December (https://independent.ng/power-ondo-ag-gov-aiyedatiwa-to-take-delivery-of-n7-8bn-worth-gas-engine/) so not yet operational. Paying coupon from financing cashflows could be a mini-Ponzi.

On the other hand, the ultimate Guarantor is the Ondo State Government so there is your recourse.

I believe RayRay06677 asked a similar question in September, and later confirmed the coupon is usually paid a couple of days late.

Thanks for the insight chief

2036 FGN bond coupon payment received yesterday.

chukzyfcbb:
For those who have invested in the secondary market, were you paid the interest upfront just like it's done in primary market

Or is everything held (capital + interest) till the end of the tenor?

It is done normally like the former plus there's an option for the latter. Your choice.

I guess no one is going for secondary market this week cos no rates is being shared on here. Next week's primary bid things then

chukzyfcbb:
For those who have invested in the secondary market, were you paid the interest upfront just like it's done in primary market

Or is everything held (capital + interest) till the end of the tenor?

I opted to reinvest my interest and then get everything back at the end of the tenor

biznus:
It is done normally like the former plus there's an option for the latter. Your choice.

I guess no one is going for secondary market this week cos no rates is being shared. Next week's primary bid things then

What’s the difference btw primary and secondary market?

enque:

I opted to reinvest my interest and then get everything back at the end of the tenor

This week? @what rate

blkmum700:



What’s the difference btw primary and secondary market?

Without being technical, no much difference. People opt for primary market for highest juiciest rates possible. Secondary market offers slightly lower rates

blkmum700:



What’s the difference btw primary and secondary market?

Slightly lower rates, Primary market is also longer in tenure(slightly)