Boris Boyka wrote:Speculz wrote:dunkang wrote:xtina wrote:streetwise wrote:Am getting very interested.
with bonds when does one earn the interest , is it after maturity , does compounding work here ?
My 2 cents.
It should be specified in the Information Memorandum or whatever it is called in the bonds section.
There are those that pay quarterly and those that pay annually.
At the end of the period, in the case of Imperial Bank its 5.25 years, you get your full money back plus the interest accrued between the last payment and the "end" date.
And on compounding, i am yet to see such an arrangement.
If a bank pulled a Dubai bank after issuing a bond , what would happen?
@Speculz That was my concern Exactly.
Any investment is a risk. All we need to do is evaluate the "riskiness" and the "profit" from an investment.
A look at Imperial Bank website reveals the following;
The Board of Directors consists of:-------- Name (Nationality) --------- Position
Mr. Alnashir Popat (Kenyan) --------- Chairman
Mr. Abdulmalek Janmohamed (Kenyan) -- Group Managing Director
Mr. Anwar Hajee (Kenyan) ------------ Non-Executive
Mr. Jinit Shah (Kenyan) ------------- Non-Executive
Mr. Mukesh Patel (Kenyan) ----------- Non-Executive
Mr. Vishnu Dhutia (Kenyan) ---------- Non-Executive
Mr. Hanif Somji (Kenyan) ------------ Non-Executive
Directors and ManagersName ------------------- Position
Abdulmalek Janmohamed -- Group Managing Director
Naeem Shah ------------- Head of Credit
Nina Shah -------------- Head of Treasury
James Kaburu ----------- Chief Finance Officer
Sanjeet Shah ----------- Head of Corporate Banking
Kalpesh Jotangia ------- Head of Retail Banking
Anil Shah -------------- Head of Internal Audit
Muthoni Wachira -------- Head of Marketing & Communications
Don Ochola ------------- Head of IT
Ikua Gacheche ---------- Head of Human Resources
Naushad Haleem --------- Head of Operations
Mehbooba Shamji -------- Senior Business Development Manager
Vishvesh Shah ---------- Unit Area Manager – Nairobi
Mustaq Dar ------------- Unit Area Manager – Mombasa and Diani
Correct me if am wrong, but, Janmohamed is in very many boards of listed companies. Alnashir Popat is a serial investor. I can trust these two fellows.