Wazua
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Treasury Bills and Bonds
Rank: Member Joined: 8/15/2015 Posts: 817
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obiero wrote:maka wrote:maka wrote:How do i post an excel sheet huku? Sent implied yields and yield curve for this week...to wazua@googlegroups.com @maka, you could make the excel a jpeg and upload as picture @obiero i think he said he doesnot even know how to post an excel sheet , lol
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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Auction for this month t.bond will be held on 25th. Towards the goal of financial freedom
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Ebenyo wrote:Treasury bond prospectus for this month is out.
5 years at 13.5% wht of 10% Tenor : Fifteen-year (Re-open 5.37 years) Coupon : 13.500% Period of sale : 12/01/2017 to 24/01/2017 Value Date : 30/01/2017 Taxation : Discount/Interest is subject to withholding tax at a rate of 10%. Bids Closure : 2.00 p.m on Tuesday, 24th January 2017. Auction Date : Wednesday, 25/01/2017 Results : Thursday, 26/01/2017. Pesa Nane plans to be shilingi when he grows up.
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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Pesa Nane wrote:Ebenyo wrote:Treasury bond prospectus for this month is out.
5 years at 13.5% wht of 10% Tenor : Fifteen-year (Re-open 5.37 years) Coupon : 13.500% Period of sale : 12/01/2017 to 24/01/2017 Value Date : 30/01/2017 Taxation : Discount/Interest is subject to withholding tax at a rate of 10%. Bids Closure : 2.00 p.m on Tuesday, 24th January 2017. Auction Date : Wednesday, 25/01/2017 Results : Thursday, 26/01/2017. I went to cbk today and placed my bid.waiting anxiously for auction results.If i succeed,it will be my first bond. Towards the goal of financial freedom
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Ebenyo wrote:Pesa Nane wrote:Ebenyo wrote:Treasury bond prospectus for this month is out.
5 years at 13.5% wht of 10% Tenor : Fifteen-year (Re-open 5.37 years) Coupon : 13.500% Period of sale : 12/01/2017 to 24/01/2017 Value Date : 30/01/2017 Taxation : Discount/Interest is subject to withholding tax at a rate of 10%. Bids Closure : 2.00 p.m on Tuesday, 24th January 2017. Auction Date : Wednesday, 25/01/2017 Results : Thursday, 26/01/2017. I went to cbk today and placed my bid.waiting anxiously for auction results.If i succeed,it will be my first bond. Congrats....  possunt quia posse videntur
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Rank: Member Joined: 8/25/2015 Posts: 839 Location: Kite
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Liv wrote:Ebenyo wrote:Taurrus wrote:Ebenyo wrote:Treasury bond prospectus for this month is out.
5 years at 13.5% wht of 10% Is my maths right Bw. Ebenyo: With 1.5M to spare 13.5/100=0.135 0.135/12=0.01125 0.01125x0.9=0.010125 0.010125 x 1500000 =15,187.5 per month 182,250 per annum 911,250 in five years Thats right.
Tax on interest income for 5 year bond is 15% and not 10%. Your return is slightly lower than what you show here. Good!! bye bye Premio! 
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Rank: Member Joined: 5/27/2016 Posts: 274 Location: Pub
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this calculation looks great. Someone kindly share with me a link or a guide on how i can apply for the above bond(the procedure), can it be done online or i must go to Central Bank.Got some idle cash and this looks worth I work so I can afford the amount of alcohol required to continue going to work
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Rank: Member Joined: 8/25/2015 Posts: 839 Location: Kite
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Ryko wrote:this calculation looks great.
Someone kindly share with me a link or a guide on how i can apply for the above bond(the procedure), can it be done online or i must go to Central Bank.Got some idle cash and this looks worth https://www.centralbank.go.ke/securities/
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Rank: Member Joined: 5/27/2016 Posts: 274 Location: Pub
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Taurrus wrote:[quote=Ryko]this calculation looks great.
Someone kindly share with me a link or a guide on how i can apply for the above bond(the procedure), can it be done online or i must go to Central Bank.Got some idle cash and this looks worth https://www.centralbank.go.ke/securities/[/quote] Thanks Taurrus, i appreciate tomorrow heading to the CBK to make my application. I have been in the money market wave looks gloomy i am switching to Bonds. I have one final question, if anyone would mind explaining i will appreciate. Scenario: Assuming i apply for a 3M Bond (5 years) after 4 years i wish to get all my money back. Will i loose any intrest?? what do i stand to loose if i redeem halfway?. I sincerely did not understand the secondary market bit. I work so I can afford the amount of alcohol required to continue going to work
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Ryko wrote:Taurrus wrote:[quote=Ryko]this calculation looks great.
Someone kindly share with me a link or a guide on how i can apply for the above bond(the procedure), can it be done online or i must go to Central Bank.Got some idle cash and this looks worth https://www.centralbank.go.ke/securities/[/quote] Thanks Taurrus, i appreciate tomorrow heading to the CBK to make my application. I have been in the money market wave looks gloomy i am switching to Bonds. I have one final question, if anyone would mind explaining i will appreciate. Scenario: Assuming i apply for a 3M Bond (5 years) after 4 years i wish to get all my money back. Will i loose any intrest?? what do i stand to loose if i redeem halfway?. I sincerely did not understand the secondary market bit. The one year you held the bond you will receive interest payment semi annually...when you want to sell it you do so at the secondary market where yields are determined by the current interest rate environment...plus its a negotiation between different dealers in the market..3M will be considered an odd lot and you might be nyolewad quite a bit on selling. possunt quia posse videntur
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Rank: Member Joined: 5/27/2016 Posts: 274 Location: Pub
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maka wrote:Ryko wrote:Taurrus wrote:[quote=Ryko]this calculation looks great.
Someone kindly share with me a link or a guide on how i can apply for the above bond(the procedure), can it be done online or i must go to Central Bank.Got some idle cash and this looks worth https://www.centralbank.go.ke/securities/[/quote] Thanks Taurrus, i appreciate tomorrow heading to the CBK to make my application. I have been in the money market wave looks gloomy i am switching to Bonds. I have one final question, if anyone would mind explaining i will appreciate. Scenario: Assuming i apply for a 3M Bond (5 years) after 4 years i wish to get all my money back. Will i loose any intrest?? what do i stand to loose if i redeem halfway?. I sincerely did not understand the secondary market bit. The one year you held the bond you will receive interest payment semi annually...when you want to sell it you do so at the secondary market where yields are determined by the current interest rate environment...plus its a negotiation between different dealers in the market..3M will be considered an odd lot and you might be nyolewad quite a bit on selling. @Maka 5 years is damn looonngg, i might just land a Nairobian "wow-man" and in 11 months she might tell me she has my triplets yet nilizika saving ya 3M  1. There are bonds i see written 20 years but redeemable every 5 years, does it mean i can invest in that and get all my cash out after 5 years without the secondary stuff? 2. For any experienced Wazuan: I have noted once you bids for the bond you have to waits for results. (a rough calculation if you bid for 3M what is the likely amount CBK can accept? ). Just a rough estimate Finally, I think the 2 years option is the best so far, 5 years is for cash that one will never need. Its best to assume that cash disappeared. Secondary market is a "No" go zone. With this precaution in my head i think i dip my legs in. I work so I can afford the amount of alcohol required to continue going to work
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Ryko wrote:maka wrote:Ryko wrote:Taurrus wrote:[quote=Ryko]this calculation looks great.
Someone kindly share with me a link or a guide on how i can apply for the above bond(the procedure), can it be done online or i must go to Central Bank.Got some idle cash and this looks worth https://www.centralbank.go.ke/securities/[/quote] Thanks Taurrus, i appreciate tomorrow heading to the CBK to make my application. I have been in the money market wave looks gloomy i am switching to Bonds. I have one final question, if anyone would mind explaining i will appreciate. Scenario: Assuming i apply for a 3M Bond (5 years) after 4 years i wish to get all my money back. Will i loose any intrest?? what do i stand to loose if i redeem halfway?. I sincerely did not understand the secondary market bit. The one year you held the bond you will receive interest payment semi annually...when you want to sell it you do so at the secondary market where yields are determined by the current interest rate environment...plus its a negotiation between different dealers in the market..3M will be considered an odd lot and you might be nyolewad quite a bit on selling. @Maka 5 years is damn looonngg, i might just land a Nairobian "wow-man" and in 11 months she might tell me she has my triplets yet nilizika saving ya 3M 1. There are bonds i see written 20 years but redeemable every 5 years, does it mean i can invest in that and get all my cash out after 5 years without the secondary stuff? 2. For any experienced Wazuan: I have noted once you bids for the bond you have to waits for results. (a rough calculation if you bid for 3M what is the likely amount CBK can accept? ). Just a rough estimate Finally, I think the 2 years option is the best so far, 5 years is for cash that one will never need. Its best to assume that cash disappeared. Secondary market is a "No" go zone. With this precaution in my head i think i dip my legs in. If you want you can buy the bond leo and sell it kesho...i have traded the 30 year bond numerous times so you dont hv to necessarily hold it for a few months or years as long as you get a proper exit you offload... 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:Ryko wrote:Taurrus wrote:[quote=Ryko]this calculation looks great.
Someone kindly share with me a link or a guide on how i can apply for the above bond(the procedure), can it be done online or i must go to Central Bank.Got some idle cash and this looks worth https://www.centralbank.go.ke/securities/[/quote] Thanks Taurrus, i appreciate tomorrow heading to the CBK to make my application. I have been in the money market wave looks gloomy i am switching to Bonds. I have one final question, if anyone would mind explaining i will appreciate. Scenario: Assuming i apply for a 3M Bond (5 years) after 4 years i wish to get all my money back. Will i loose any intrest?? what do i stand to loose if i redeem halfway?. I sincerely did not understand the secondary market bit. The one year you held the bond you will receive interest payment semi annually...when you want to sell it you do so at the secondary market where yields are determined by the current interest rate environment...plus its a negotiation between different dealers in the market..3M will be considered an odd lot and you might be nyolewad quite a bit on selling. @maka what amount is considered EVEN odd? What %age of kinyozi will he expect of 3M? Can we say the kinyozi could be 5% of 3M or even 20% of 3M? 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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maka wrote:Ryko wrote:maka wrote:Ryko wrote:Taurrus wrote:[quote=Ryko]this calculation looks great.
Someone kindly share with me a link or a guide on how i can apply for the above bond(the procedure), can it be done online or i must go to Central Bank.Got some idle cash and this looks worth https://www.centralbank.go.ke/securities/[/quote] Thanks Taurrus, i appreciate tomorrow heading to the CBK to make my application. I have been in the money market wave looks gloomy i am switching to Bonds. I have one final question, if anyone would mind explaining i will appreciate. Scenario: Assuming i apply for a 3M Bond (5 years) after 4 years i wish to get all my money back. Will i loose any intrest?? what do i stand to loose if i redeem halfway?. I sincerely did not understand the secondary market bit. The one year you held the bond you will receive interest payment semi annually...when you want to sell it you do so at the secondary market where yields are determined by the current interest rate environment...plus its a negotiation between different dealers in the market..3M will be considered an odd lot and you might be nyolewad quite a bit on selling. @Maka 5 years is damn looonngg, i might just land a Nairobian "wow-man" and in 11 months she might tell me she has my triplets yet nilizika saving ya 3M 1. There are bonds i see written 20 years but redeemable every 5 years, does it mean i can invest in that and get all my cash out after 5 years without the secondary stuff? 2. For any experienced Wazuan: I have noted once you bids for the bond you have to waits for results. (a rough calculation if you bid for 3M what is the likely amount CBK can accept? ). Just a rough estimate Finally, I think the 2 years option is the best so far, 5 years is for cash that one will never need. Its best to assume that cash disappeared. Secondary market is a "No" go zone. With this precaution in my head i think i dip my legs in. If you want you can buy the bond leo and sell it kesho...i have traded the 30 year bond numerous times so you dont hv to necessarily hold it for a few months or years as long as you get a proper exit you offload... Do you need to own quite a chunk of "EVEN" odd in the region of 100M (Kabura) in order to avoid the heavy kinyozi while trading the 30 YR Bond? I doubt if a 3M guy can trade a 30 year Bond and come out smiling the following day. 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:maka wrote:Ryko wrote:maka wrote:Ryko wrote:Taurrus wrote:[quote=Ryko]this calculation looks great.
Someone kindly share with me a link or a guide on how i can apply for the above bond(the procedure), can it be done online or i must go to Central Bank.Got some idle cash and this looks worth https://www.centralbank.go.ke/securities/[/quote] Thanks Taurrus, i appreciate tomorrow heading to the CBK to make my application. I have been in the money market wave looks gloomy i am switching to Bonds. I have one final question, if anyone would mind explaining i will appreciate. Scenario: Assuming i apply for a 3M Bond (5 years) after 4 years i wish to get all my money back. Will i loose any intrest?? what do i stand to loose if i redeem halfway?. I sincerely did not understand the secondary market bit. The one year you held the bond you will receive interest payment semi annually...when you want to sell it you do so at the secondary market where yields are determined by the current interest rate environment...plus its a negotiation between different dealers in the market..3M will be considered an odd lot and you might be nyolewad quite a bit on selling. @Maka 5 years is damn looonngg, i might just land a Nairobian "wow-man" and in 11 months she might tell me she has my triplets yet nilizika saving ya 3M 1. There are bonds i see written 20 years but redeemable every 5 years, does it mean i can invest in that and get all my cash out after 5 years without the secondary stuff? 2. For any experienced Wazuan: I have noted once you bids for the bond you have to waits for results. (a rough calculation if you bid for 3M what is the likely amount CBK can accept? ). Just a rough estimate Finally, I think the 2 years option is the best so far, 5 years is for cash that one will never need. Its best to assume that cash disappeared. Secondary market is a "No" go zone. With this precaution in my head i think i dip my legs in. If you want you can buy the bond leo and sell it kesho...i have traded the 30 year bond numerous times so you dont hv to necessarily hold it for a few months or years as long as you get a proper exit you offload... Do you need to own quite a chunk of "EVEN" odd in the region of 100M (Kabura) in order to avoid the heavy kinyozi while trading the 30 YR Bond? I doubt if a 3M guy can trade a 30 year Bond and come out smiling the following day. you can i have done it a couple of times...look at last weeks price list (not mine) but there was an SDB that was bought at 16%...Seller must have been desperate remembered he had a bond sold it at whatever rate the broker gave him/her... possunt quia posse videntur
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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This months bond auction cancelled... possunt quia posse videntur
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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maka wrote:This months bond auction cancelled...  possunt quia posse videntur
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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maka wrote:This months bond auction cancelled... what happened? i called cbk this evening and was told to come tomorrow. Towards the goal of financial freedom
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Ebenyo wrote:maka wrote:This months bond auction cancelled... what happened? i called cbk this evening and was told to come tomorrow. Guess bids were high...14-15 levels...too expensive for gava to lend at those rates.They arent thaaaaaat desperate for cash. possunt quia posse videntur
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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maka wrote:Ebenyo wrote:maka wrote:This months bond auction cancelled... what happened? i called cbk this evening and was told to come tomorrow. Guess bids were high...14-15 levels...too expensive for gava to lend at those rates.They arent thaaaaaat desperate for cash. so mpaka next month tena? Towards the goal of financial freedom
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