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Treasury Bills and Bonds
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Chaka wrote:Does CBK send CDS statements to investors? Yes there is an email indemnity form you fill....has to be signed by a witness also (this can be anyone). possunt quia posse videntur
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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AndyC wrote:Angelica _ann wrote:Impunity wrote:Liv wrote:Angelica _ann wrote:AndyC wrote:Tap sale is here. 10 billion on offer In the tap sale does the interest automatically become 13.177% pa Coupon rate is 12% for every Shs 100 face value. But you will be expected to pay Shs 93.529 for each Shs 100 you apply for. So the yield remains 13.177% for tap sales. Confirm this: So if I put say Kes. 1,000,000 I will be required to pay Kes.935,290 while still enjoy Kes.120,000 pa being 12% coupon rate? CorrectAnd at redemption I will get back Kes. 935,290 and NOT Kes. 1,00,000? At redemption you get 1M The difference as a discount.
Hii mambo ya Bond wengi tuko @Avogadros!
During Mbuzi, before maji enters majority, we need a presentation by @maka and @Liv on this bond business.  @AndyC, please the statement below is not gramatically complete...please complete it. Put puntuations as necessary, donot assume anything! Note that we are here dealing with Millions of KES. [color=blue] Quote:At redemption you get 1M The difference as a discount  Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Member Joined: 4/21/2015 Posts: 151
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Impunity wrote:AndyC wrote:Angelica _ann wrote:Impunity wrote:Liv wrote:Angelica _ann wrote:AndyC wrote:Tap sale is here. 10 billion on offer In the tap sale does the interest automatically become 13.177% pa Coupon rate is 12% for every Shs 100 face value. But you will be expected to pay Shs 93.529 for each Shs 100 you apply for. So the yield remains 13.177% for tap sales. Confirm this: So if I put say Kes. 1,000,000 I will be required to pay Kes.935,290 while still enjoy Kes.120,000 pa being 12% coupon rate? CorrectAnd at redemption I will get back Kes. 935,290 and NOT Kes. 1,00,000? At redemption you get 1M. The difference (1,000,000-935,290) is a discount to the investor.
Hii mambo ya Bond wengi tuko @Avogadros!
During Mbuzi, before maji enters majority, we need a presentation by @maka and @Liv on this bond business. @AndyC, please the statement below is not gramatically complete...please complete it. Put puntuations as necessary, donot assume anything! Note that we are here dealing with Millions of KES. [color=blue] Quote:At redemption you get 1M The difference as a discount @Impunity, It is corrected.
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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AndyC wrote:Impunity wrote:AndyC wrote:Angelica _ann wrote:Impunity wrote:Liv wrote:Angelica _ann wrote:AndyC wrote:Tap sale is here. 10 billion on offer In the tap sale does the interest automatically become 13.177% pa Coupon rate is 12% for every Shs 100 face value. But you will be expected to pay Shs 93.529 for each Shs 100 you apply for. So the yield remains 13.177% for tap sales. Confirm this: So if I put say Kes. 1,000,000 I will be required to pay Kes.935,290 while still enjoy Kes.120,000 pa being 12% coupon rate? CorrectAnd at redemption I will get back Kes. 935,290 and NOT Kes. 1,00,000? At redemption you get 1M. The difference (1,000,000-935,290) is a discount to the investor.
Hii mambo ya Bond wengi tuko @Avogadros!
During Mbuzi, before maji enters majority, we need a presentation by @maka and @Liv on this bond business. @AndyC, please the statement below is not gramatically complete...please complete it. Put puntuations as necessary, donot assume anything! Note that we are here dealing with Millions of KES. [color=blue] Quote:At redemption you get 1M The difference as a discount @Impunity, It is corrected. Where is the full stop, comma etc inthis stament? >At redemption you get 1M The difference as a discount< Do you mean at redemption I get "my" 1 Mio plus an extra discount of say 34K in form of a discount?  Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 2/16/2007 Posts: 2,114
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maka wrote:Chaka wrote:maka wrote:Liv wrote:
13.177% is high being all net of tax.
Cutoff might have been as high as 13.55% Where do you get the the market Intel from? chakacrafts(at)email.com tafasali... Fiti will have a chat shortly.... @maka,don't seem to have received any info on this..
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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@when do they close shop for accepting bids for this tap issuance? Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Impunity wrote:@when do they close shop for accepting bids for this tap issuance?  possunt quia posse videntur
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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maka wrote:Impunity wrote:@when do they close shop for accepting bids for this tap issuance? Sasa hii first come first served ndio nini sasa? Can they wait till Monday next week? Ama matenderprenuers will take the offer by then? Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Veteran Joined: 11/14/2006 Posts: 1,311
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Impunity wrote:maka wrote:Impunity wrote:@when do they close shop for accepting bids for this tap issuance? Sasa hii first come first served ndio nini sasa? Can they wait till Monday next week? Ama matenderprenuers will take the offer by then?
This is just 10 billion.... One bank or a major foreign investor can just grab it all at once and the tap sale closes. So make haste if you are interested.
The funds are supposed to be transferred to CBK by either Monday 31 Oct or by 7th Nov. so you can apply now and once you get allocation you can plan to send the funds as required. You don't send the funds when you are applying.
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Liv wrote:Impunity wrote:maka wrote:Impunity wrote:@when do they close shop for accepting bids for this tap issuance? Sasa hii first come first served ndio nini sasa? Can they wait till Monday next week? Ama matenderprenuers will take the offer by then?
This is just 10 billion.... One bank or a major foreign investor can just grab it all at once and the tap sale closes. So make haste if you are interested.
The funds are supposed to be transferred to CBK by either Monday 31 Oct or by 7th Nov. so you can apply now and once you get allocation you can plan to send the funds as required. You don't send the funds when you are applying. Remeber also some maturities checked in...the October 2015 1 year that had a coupon of 22%...So pesa iko. possunt quia posse videntur
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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Liv wrote:Impunity wrote:maka wrote:Impunity wrote:@when do they close shop for accepting bids for this tap issuance? Sasa hii first come first served ndio nini sasa? Can they wait till Monday next week? Ama matenderprenuers will take the offer by then?
This is just 10 billion.... One bank or a major foreign investor can just grab it all at once and the tap sale closes. So make haste if you are interested.
The funds are supposed to be transferred to CBK by either Monday 31 Oct or by 7th Nov. so you can apply now and once you get allocation you can plan to send the funds as required. You don't send the funds when you are applying. But CBK is so analogue, I need to go there to apply, they dont have anything online! Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Impunity wrote:Liv wrote:Impunity wrote:maka wrote:Impunity wrote:@when do they close shop for accepting bids for this tap issuance? Sasa hii first come first served ndio nini sasa? Can they wait till Monday next week? Ama matenderprenuers will take the offer by then?
This is just 10 billion.... One bank or a major foreign investor can just grab it all at once and the tap sale closes. So make haste if you are interested.
The funds are supposed to be transferred to CBK by either Monday 31 Oct or by 7th Nov. so you can apply now and once you get allocation you can plan to send the funds as required. You don't send the funds when you are applying. But CBK is so analogue, I need to go there to apply, they dont have anything online! You don't need to go anywhere to apply. Download the form, fill and send back electronically. Email, that is. Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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Pesa Nane wrote:Impunity wrote:Liv wrote:Impunity wrote:maka wrote:Impunity wrote:@when do they close shop for accepting bids for this tap issuance? Sasa hii first come first served ndio nini sasa? Can they wait till Monday next week? Ama matenderprenuers will take the offer by then?
This is just 10 billion.... One bank or a major foreign investor can just grab it all at once and the tap sale closes. So make haste if you are interested.
The funds are supposed to be transferred to CBK by either Monday 31 Oct or by 7th Nov. so you can apply now and once you get allocation you can plan to send the funds as required. You don't send the funds when you are applying. But CBK is so analogue, I need to go there to apply, they dont have anything online! You don't need to go anywhere to apply. Download the form, fill and send back electronically. Email, that is. He is the one who is analogue In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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Angelica _ann wrote:Pesa Nane wrote:Impunity wrote:Liv wrote:Impunity wrote:maka wrote:Impunity wrote:@when do they close shop for accepting bids for this tap issuance? Sasa hii first come first served ndio nini sasa? Can they wait till Monday next week? Ama matenderprenuers will take the offer by then?
This is just 10 billion.... One bank or a major foreign investor can just grab it all at once and the tap sale closes. So make haste if you are interested.
The funds are supposed to be transferred to CBK by either Monday 31 Oct or by 7th Nov. so you can apply now and once you get allocation you can plan to send the funds as required. You don't send the funds when you are applying. But CBK is so analogue, I need to go there to apply, they dont have anything online! You don't need to go anywhere to apply. Download the form, fill and send back electronically. Email, that is. He is the one who is analogue Wacha wewe, na hata haukuwa unajua IFB ni nini!  Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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Pesa Nane wrote:Impunity wrote:Liv wrote:Impunity wrote:maka wrote:Impunity wrote:@when do they close shop for accepting bids for this tap issuance? Sasa hii first come first served ndio nini sasa? Can they wait till Monday next week? Ama matenderprenuers will take the offer by then?
This is just 10 billion.... One bank or a major foreign investor can just grab it all at once and the tap sale closes. So make haste if you are interested.
The funds are supposed to be transferred to CBK by either Monday 31 Oct or by 7th Nov. so you can apply now and once you get allocation you can plan to send the funds as required. You don't send the funds when you are applying. But CBK is so analogue, I need to go there to apply, they dont have anything online! You don't need to go anywhere to apply. Download the form, fill and send back electronically. Email, that is. Special email address iko wapi? Apart form the general one on the site. Or we use the general one? comms@centralbank.go.kePortfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: New-farer Joined: 3/12/2014 Posts: 96
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Liv wrote:Impunity wrote:maka wrote:Impunity wrote:@when do they close shop for accepting bids for this tap issuance? Sasa hii first come first served ndio nini sasa? Can they wait till Monday next week? Ama matenderprenuers will take the offer by then?
This is just 10 billion.... One bank or a major foreign investor can just grab it all at once and the tap sale closes. So make haste if you are interested.
The funds are supposed to be transferred to CBK by either Monday 31 Oct or by 7th Nov. so you can apply now and once you get allocation you can plan to send the funds as required. You don't send the funds when you are applying. or Ministry of Health officials can scoop halve of the 10B
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Impunity wrote:Pesa Nane wrote:Impunity wrote:Liv wrote:Impunity wrote:maka wrote:Impunity wrote:@when do they close shop for accepting bids for this tap issuance? Sasa hii first come first served ndio nini sasa? Can they wait till Monday next week? Ama matenderprenuers will take the offer by then?
This is just 10 billion.... One bank or a major foreign investor can just grab it all at once and the tap sale closes. So make haste if you are interested.
The funds are supposed to be transferred to CBK by either Monday 31 Oct or by 7th Nov. so you can apply now and once you get allocation you can plan to send the funds as required. You don't send the funds when you are applying. But CBK is so analogue, I need to go there to apply, they dont have anything online! You don't need to go anywhere to apply. Download the form, fill and send back electronically. Email, that is. Special email address iko wapi? Apart form the general one on the site. Or we use the general one? comms@centralbank.go.ke Send to National Debt Office @ NDO@centralbank.go.kePesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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Pesa Nane wrote:Impunity wrote:Pesa Nane wrote:Impunity wrote:Liv wrote:Impunity wrote:maka wrote:Impunity wrote:@when do they close shop for accepting bids for this tap issuance? Sasa hii first come first served ndio nini sasa? Can they wait till Monday next week? Ama matenderprenuers will take the offer by then?
This is just 10 billion.... One bank or a major foreign investor can just grab it all at once and the tap sale closes. So make haste if you are interested.
The funds are supposed to be transferred to CBK by either Monday 31 Oct or by 7th Nov. so you can apply now and once you get allocation you can plan to send the funds as required. You don't send the funds when you are applying. But CBK is so analogue, I need to go there to apply, they dont have anything online! You don't need to go anywhere to apply. Download the form, fill and send back electronically. Email, that is. Special email address iko wapi? Apart form the general one on the site. Or we use the general one? comms@centralbank.go.ke Send to National Debt Office @ NDO@centralbank.go.ke Thanks. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Member Joined: 9/29/2010 Posts: 679 Location: nairobi
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Liv wrote:Impunity wrote:maka wrote:Impunity wrote:@when do they close shop for accepting bids for this tap issuance? Sasa hii first come first served ndio nini sasa? Can they wait till Monday next week? Ama matenderprenuers will take the offer by then?
This is just 10 billion.... One bank or a major foreign investor can just grab it all at once and the tap sale closes. So make haste if you are interested.
The funds are supposed to be transferred to CBK by either Monday 31 Oct or by 7th Nov. so you can apply now and once you get allocation you can plan to send the funds as required. You don't send the funds when you are applying. just 10billion? at the main auction they took 35bn, there's now 45bn of this paper circulating, it was trading at 13.05 before the tap, the tap has now pushed market up to 13.20! that's a 15point jump on a 15yr paper! the market is now in a state of flux awaiting this tap to close, the move was extremely ill advised!
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Rank: Veteran Joined: 11/14/2006 Posts: 1,311
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kizee1 wrote:Liv wrote:Impunity wrote:maka wrote:Impunity wrote:@when do they close shop for accepting bids for this tap issuance? Sasa hii first come first served ndio nini sasa? Can they wait till Monday next week? Ama matenderprenuers will take the offer by then?
This is just 10 billion.... One bank or a major foreign investor can just grab it all at once and the tap sale closes. So make haste if you are interested.
The funds are supposed to be transferred to CBK by either Monday 31 Oct or by 7th Nov. so you can apply now and once you get allocation you can plan to send the funds as required. You don't send the funds when you are applying. just 10billion? at the main auction they took 35bn, there's now 45bn of this paper circulating, it was trading at 13.05 before the tap, the tap has now pushed market up to 13.20! that's a 15point jump on a 15yr paper! the market is now in a state of flux awaiting this tap to close, the move was extremely ill advised! Haha.... In whose perspective was the tap sale extremely ill advised? Yours? Tap sale was good for investors who missed in the auction and also good for government in raising more funds. I don't see how it can be extremely ill advised.
Where did you get 13.05? The trades I saw before the tap sale was announced were spread between 12.8 and 13.3 ..... Are you using the average of circa 13.05 to rant here?
And by the way the main auction took 30b and not 35b.... Get your facts right.
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