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[nosa2]

Originally Posted by hispy99

oga Nosa, with interest rates at almost zero, I doubt if a highly rated corporate will pay you a 10% coupon. You are most likely going down the quality spectrum, maybe high yield bonds, to capture your 10%. As they say, the higher the risk, the higher the reward

You're 100% right but as energy prices drop interest rates would rise and in any case I consider a utility bond yielding 8% is a lot less risky than what I foresee happening to this country.

[goldsun]

Originally Posted by nosa2

You're 100% right but as energy prices drop interest rates would rise and in any case I consider a utility bond yielding 8% is a lot less risky than what I foresee happening to this country.

from risk to risk

[knightofdelta]

Originally Posted by nosa2

The current economic team is advising the government to borrow externally which exposes us to FX fluctuations, these won't be so bad if our currency were stable or if we weren't a bunch of consumers. In the short term I expect a drop in interest rates, stability in the Naira and a very bullish capital market, but as oil prices fall I expect all hell to break loose.

Right now I'm looking for a $ or £ denominated bond that can pay me around 10% so when I move my NSE loot I would have somewhere to park it.

Originally Posted by Salida

Hmmm... Where do you think you can get that kind of return on a Foreign currency denominated bond in this current global economic climate? Look before you leap.

You can buy Greek bonds. They are about to bail them out.

Originally Posted by nosa2

Corporate bonds could easily give me those kind of returns

Fixed Income Investor - Bond Prices & Yields - Bond Prices & Yields

Perfect examples of junk bonds. If Chams had a Eurobond with a coupon payment of 15% in US dollars, will you buy it?

[knightofdelta]

Originally Posted by nosa2

You're 100% right but as energy prices drop interest rates would rise and in any case I consider a utility bond yielding 8% is a lot less risky than what I foresee happening to this country.

And where will you get the utility bond (most likely an already well established company) with 8% coupon in dollars?

Well, if you are ready to pay me in dollars, I can give you a few tips of where to park your money when you are ready to buy the foreign denominated notes.

[nosa2]

Originally Posted by knightofdelta

And where will you get the utility bond (most likely an already well established company) with 8% coupon in dollars?

Well, if you are ready to pay me in dollars, I can give you a few tips of where to park your money when you are ready to buy the foreign denominated notes.

The beauty of reading is that it clears the scales off ones eyes, if I give you the name of a utility which is currently giving over 7% in £ would you pm me about your investment?

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