NewStats: 3,263,333 , 8,179,802 topics. Date: Thursday, 05 June 2025 at 02:06 PM 291l3g

RayRay06677:
Sukuk??

13th October

Any update?

Received yesterday, 5 days after.
First bank.

Nakedman:


Treasury bill is entirely different from bonds

But it's the same debt management office that handles both

stokfrick:


But it's the same debt management office that handles both

you collect your interest upfront now. No fears for your capital naa

youngestland:


you collect your interest upfront now. No fears for your capital naa

So what were the bonds guys complaining of, is it interest or capital?

stokfrick:


So what were the bonds guys complaining of, is it interest or capital?

interest.

Bonds are like extended Treasury bill which you subscribe to with your interest paid twice every year (every 6 months).

Treasury bill = 1 year maximum subscription

Bonds = 3 years minimum subscription ; up to 30 years maximum subscription (with common ones 2, 3, 5, 9 years subscription)

,

Pls what's happening with treasury bill. Applied for 6 months was debited, but did not receive any interest. And I can't find the current rate.

MeezPat:
I have the 2037 due tomorrow. If they pay that on time then it may be cscs delaying

which Bond is this ma'am?
Savings bond or normal bond?

And which bank can this subscription be done?

Pls when is the next t-bills auction

maziemeka2024:
Pls what's happening with treasury bill. Applied for 6 months was debited, but did not receive any interest. And I can't find the current rate.

With which bank?

Grupo:


With which bank?

First bank

maziemeka2024:
Pls what's happening with treasury bill. Applied for 6 months was debited, but did not receive any interest. And I can't find the current rate.

Likely a compounded case, interest invested with capital, all due on maturity.

RayRay06677:


Likely a compounded case, interest invested with capital, all due on maturity.

In the form I was clear that I wanted the interest to be paid.

Still find update on the current rate on the cbn website.

maziemeka2024:


In the form I was clear that I wanted the interest to be paid.

Still find update on the current rate on the cbn website.

Human Error

stokfrick:
Pls when is the next t-bills auction

Co-ask

maziemeka2024:


In the form I was clear that I wanted the interest to be paid.

Still find update on the current rate on the cbn website.

Since you said you were very sure that you did not instruct them to invest your interest with the capital, what you should have done is to have ed them the next week after you were notified that it was successful.

It has taken too long but still nothing stops you from asking them. I have always maintained that once a subscriber/investor hears that the auction is successful or request to get from the secondary investment is successful you next line of action is to request for the certificate/proof of that investment at most a week after if you are not ed.

With the proof of investment, comes all the contract of that investment and then you will be able to query whatever you are not comfortable with right there and get answers.

Just go to the branch and ask the person incharge face to face for explanations.

stokfrick:
Pls when is the next t-bills auction

Found this.

freeman67:


Since you said you were very sure that you did not instruct them to invest your interest with the capital, what you should have done is to have ed them the next week after you were notified that it was successful.

It has taken too long but still nothing stops you from asking them. I have always maintained that once a subscriber/investor hears that the auction is successful or request to get from the secondary investment is successful you next line of action is to request for the certificate/proof of that investment at most a week after if you are not ed.

With the proof of investment, comes all the contract of that investment and then you will be able to query whatever you are not comfortable with right there and get answers.

Just go to the branch and ask the person incharge face to face for explanations.

My officer said we will have to check this week. Let him confirm what happened. That sometimes the interest might delay up to 3 days. And the certificate is not ready for printing as well.

maziemeka2024:


My officer said we will have to check this week. Let him confirm what happened. That sometimes the interest might delay up to 3 days. And the certificate is not ready for printing as well.

No wahala, just give him to check what the issue is and he his explanations first if not favourable before you take another action.


Normal thing with First Bank is that deduction is done as you indicate interest to subscribe. After the auction, if successful the interest only less charges is refunded to your and if not successful the whole fund as it were would refunded to your . So here him out tomorrow and see.

if successful, interest is refunded to

Pls what do they mean by the final auction of the quarter? Will there not be Treasury bills auction for the year after November? Pls I need to know. Thanks for your response

DonnyE:

Found this.

Pls how does t-bills settlement work on the secondary market? Will I need to sell it off or my capital will just be credited in my on the due date.

stokfrick:
Pls how does t-bills settlement work on the secondary market? Will I need to sell it off or my capital will just be credited in my on the due date.

Your capital is credited to your when due.

I have still not receive my sukuk Oct 13th coupon payment. Did anyone here use FBNquest for subscription? Or is there anyone still waiting to receive payment?

Update:
Coupon payment received.
Thanks to everyone who responded!

talk2tonie:
I have still not receive my sukuk Oct 13th coupon payment. Did anyone here use FBNquest for subscription? Or is there anyone still waiting to receive payment?

I have received since Monday. I didn't use FBNquest though.

Don't wait to Invest but Invest and wait

Note the following:
If you want to enjoy the stability of FGN Bonds investment,
You don't want to wait for the long-term FGN Bond is known for,
you don't have a lump sum to invest

You want to be able to terminate your investment without penalty anytime you wish,
You want to top up regularly with any amount from 5,000,

You wish to get your returns every quarter or have the option of reinvesting your returns ie compounding,

Then invest in the SFS fixed income fund at the rate of 17.02% the highest in the industry.

Click the 2nd link on my signature or me to open an for free.

freeman67:


Your capital is credited to your when due.

Thanks

freeman67:


I have received since Monday. I didn't use FBNquest though.

Thank you.

Result!

talk2tonie:
I have still not receive my sukuk Oct 13th coupon payment. Did anyone here use FBNquest for subscription? Or is there anyone still waiting to receive payment?

Yes! I subscribed through FBNQUEST and I received my coupon on Sunday.

cleverland:
Yes! I subscribed through FBNQUEST and I received my coupon on Sunday.

Thank you.

Nakedman:
Result!

Please where did u get this result. I was finally credited today by first bank at 17.3 % for 182 days.

maziemeka2024:


Please where did u get this result. I was finally credited today by first bank at 17.3 % for 182 days.

First bank is usually conservative when placing their bids.

It's why they hardly lose out.