Our Products (continued)
Treasury Bills are government guaranteed debt instruments issued by CBN to finance government expenditure. The Federal Government issues these securities bi-monthly to the public through a bid system as a means of monetary policy.
We purchase of Treasury Bills on behalf of our clients .These instruments are CBN regulated. Hence we do not have a standardized rate as it is controlled by market forces.
We broker the purchase of FGN, state and corporate bonds at primary auctions. We also facilitate OTC (over the counter) trades; using the wholesale secondary market platform. Our relationships with an array of Primary Dealers Market Makers (PDMMs) enable us to seek out the best quotes.
The Nigerian Stock Exchange (NSE) appointed us as a Fixed Income Market Maker (FIMM). Our new status as FIMM will ensure that we offer our clients (and indeed the retail bond market space) the best-fixed income pricing and direct access to the market.
We broker the purchase of Dollar denominated Eurobonds on behalf of our clients. The Federal Government and some private firms have issued a number of foreign denominated (US Dollar) bonds which give very competitive returns. With a minimum entry amount for Eurobonds of USD200, 000.00 we can source for and purchase these bonds on your behalf, also availing detailed information on the bond prospect and issuer. Eurobonds are the preferred option for long term dollar investors.