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30yr bond at 12%. Any takers?
Rank: Elder Joined: 9/29/2006 Posts: 2,570
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@MatataMingi; @Wendz has not yet been answered I think. Will the bond be tradable say, next month or next yr? Some of us are new-bies in bonds. The opposite of courage is not cowardice, it's conformity.
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Rank: Member Joined: 9/29/2010 Posts: 679 Location: nairobi
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jerry wrote:@MatataMingi; @Wendz has not yet been answered I think. Will the bond be tradable say, next month or next yr? Some of us are new-bies in bonds. it will be...again tradeable lots must be material, anything less than 1mio isnt really tradeable
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Rank: Member Joined: 1/3/2011 Posts: 129 Location: Nairobi
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PUT in a few bids staggered at 16%-25%. Lets see how keen the govt is for my money. KES100K bid at 16% will mean bid at a discount of abount 70 per 100 meaning that the interest payemnts over approx 6 years will pay me back. Anything after that is money on top. EASIET DECISION OF THE MONTH TO MAKE
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Rank: Chief Joined: 1/3/2007 Posts: 18,368 Location: Nairobi
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@SAC - Wow! I was going for PAR to a yield of 14% but not 16% Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 5/24/2010 Posts: 846 Location: KENYA
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SAC Cohen wrote:PUT in a few bids staggered at 16%-25%. Lets see how keen the govt is for my money. KES100K bid at 16% will mean bid at a discount of abount 70 per 100 meaning that the interest payemnts over approx 6 years will pay me back. Anything after that is money on top. EASIET DECISION OF THE MONTH TO MAKE ATI WHAT!! 
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Rank: Member Joined: 9/29/2010 Posts: 679 Location: nairobi
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no wonder njuguna ndungu says every market has a mad man
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Rank: Member Joined: 1/3/2011 Posts: 129 Location: Nairobi
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I am confident that they (MADMEN) will take bids upto 18%. This bond is a statement for Ndungu.
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Rank: Member Joined: 9/29/2010 Posts: 679 Location: nairobi
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u will fail miserably..but i commend ur bravery
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Rank: Member Joined: 1/3/2011 Posts: 129 Location: Nairobi
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Where do you reckon the cut-off will be then kizee esq.
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Rank: Member Joined: 9/29/2010 Posts: 679 Location: nairobi
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Wazua
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30yr bond at 12%. Any takers?
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