Fixed Income at SPEC is for the investor who prioritizes "The Certainty of Return." We
provide direct access to the debt markets, allowing you to act as the "Lender" to
governments and top-tier corporations.
Our Core Fixed Income Instruments
01
FGN Bonds:
The safest asset in Nigeria. You are lending to the Federal Government.
We help you select tenors (durations) that match your future cash needs
02
Treasury Bills (T-Bills):
Short-term government debt sold at a discount. Excellent for short-cycle
capital rotation.
03
Corporate Commercial Paper (CP):
Short-term debt issued by prime corporations. These typically yield 2-4%
higher than T-Bills because they carry corporate risk.
04
Eurobonds:
Sovereign debt issued in USD. We facilitate trades for clients seeking
higher yields than what is available in traditional US or UK savings
accounts.
The SPEC Methodology: Yield Curve Positioning
Fixed income is not just about "buying a bond." It is about Duration Strategy.
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In a rising interest rate environment,
we keep your portfolio "Short" (investing in T-bills) so we can reinvest
at higher rates sooner.
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In a falling rate environment,
we "Lock-In" long-term bonds to protect your high yield for years to
come.
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1. What happens if I need my money before the bond
matures?
We trade on the "Secondary Market." We can sell your bond to
another investor at the current market price, providing you with
liquidity.
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2. What is the minimum for direct bond trading?
While our Mutual Funds allow for small entries, direct bond
mandates typically start at ₦5M - ₦50M due to market lot sizes
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3. Is the interest taxable?
Many FGN Bonds are currently tax-exempt, making the "Effective
Yield" higher than traditional bank interest.
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4. How does SPEC select Corporate Papers?
We perform a Fundamental Credit Audit. We check the company's
debt-to-equity ratio and cash flow to ensure they can pay you
back.
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The coupon is the annual interest rate paid by the bond issuer,
usually paid semi-annually.
