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Centum Ksh 7.5 billion Bond
Sober
#1 Posted : Friday, March 13, 2015 9:03:53 AM
Rank: Elder


Joined: 11/27/2007
Posts: 3,604
Is the timing right? considering they raise 4 Billion barely 3 years ago
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
Kason
#2 Posted : Friday, March 13, 2015 9:40:39 AM
Rank: Hello


Joined: 1/12/2015
Posts: 3
That is what they are trying to determine (among other things) by doing the non deal roadshows to the various fund managers.

However, in my opinion I think it is the right time. There is so much liquidity (expected) in the market, especially this year given that the Govt. bonds are going to mature this year.

Also NSSF Assets under management have increased due to the fact that those old timers increased the rates.

There is an excess in the market, the market is not churning out investment products fast enough.

For Centum, they are hoping to get lower interest rates when coming in. They are in a bit of a cashflow fix but depending on their projections this might not be a factor for now. The structure of the bond may take the form of a deferred bond, where they can start paying the investors after a certain period of time
VituVingiSana
#3 Posted : Friday, March 13, 2015 9:41:11 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
Sober wrote:
Is the timing right? considering they raise 4 Billion barely 3 years ago
And they used it to expand/develop 2 Rivers. They are not sitting still but expanding. Pearl Marina. Coal Plant.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Pesa Nane
#4 Posted : Friday, March 13, 2015 11:28:55 AM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Sober wrote:
Is the timing right? considering they raise 4 Billion barely 3 years ago

This senior thinks so!

Pesa Nane plans to be shilingi when he grows up.
maka
#5 Posted : Friday, March 13, 2015 12:03:01 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Pesa Nane wrote:
Sober wrote:
Is the timing right? considering they raise 4 Billion barely 3 years ago

This senior thinks so!



ouch....
possunt quia posse videntur
aemathenge
#6 Posted : Friday, March 13, 2015 1:59:43 PM
Rank: Elder


Joined: 10/18/2008
Posts: 3,434
Location: Kerugoya
@Kason, my I take this opportunity to express my admiration for your precise writing.

This is very rare in the Virtual Republic of Wazua and I must say, it is a pleasure to read.

Welcome (belated) to the Virtual Republic of Wazua.

Please do not be a stranger.



Kason wrote:
That is what they are trying to determine (among other things) by doing the non deal roadshows to the various fund managers.

However, in my opinion I think it is the right time. There is so much liquidity (expected) in the market, especially this year given that the Govt. bonds are going to mature this year.

Also NSSF Assets under management have increased due to the fact that those old timers increased the rates.

There is an excess in the market, the market is not churning out investment products fast enough.

For Centum, they are hoping to get lower interest rates when coming in. They are in a bit of a cashflow fix but depending on their projections this might not be a factor for now. The structure of the bond may take the form of a deferred bond, where they can start paying the investors after a certain period of time

obiero
#7 Posted : Saturday, March 14, 2015 8:48:02 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,551
Location: nairobi
12% p.a. or more will be good enough

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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