Markets · Beyond shares

ETFs, Treasury bills, property and rates.

Exchange-traded funds, Treasury bill auctions in 17 countries, listed property and central bank rates across African markets, each with its source and date, plus calculators for bills and bonds.

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Calculator

Treasury bill return

What you pay and earn for a bill at a quoted rate. Conventions differ: Nigeria quotes a discount rate on 365 days, Ghana a yield on 364, the West African CFA states a discount rate on 360. “Use in calculator” above fills in the right one.

CurrencyFace value (paid at maturity)Quoted rate (%)Rate quoted asDays to maturityDay-count basis

You pay: NGN 961,605.48
You earn at maturity: NGN 38,394.52
Return over the term: 3.99%
Annual yield (true yield): 16.01%
Equivalent discount rate: 15.40%

Before tax and fees. Withholding tax, where it applies, reduces the return.

Calculator

Bond coupon and yield

Coupon income, current yield and yield to maturity for a fixed-coupon bond paying twice a year. The price is per 100 of face value, as bonds are quoted, and assumes purchase on a coupon date (no accrued interest).

CurrencyFace valueAnnual coupon rate (%)Price per 100 of faceYears to maturity

You pay: NGN 95,000.00
Coupon income a year: NGN 16,000.00
Current yield: 16.84%
Yield to maturity: 17.54%
Coupon payments to maturity: 10

An estimate from your inputs, not a dealer quote.

What is covered

Each figure carries its source and date. ETFs listed in Lagos and Nairobi are not yet in a free price feed. Nothing here is an offer to buy or a guarantee of return.