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Treasury Bills and Bonds Options

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Hobitke		#561 Posted : Tuesday, February 07, 2017 10:33:31 AM
Rank: New-farer Joined: 5/22/2016 Posts: 69 Location: Nairobi		maka wrote: Hobitke wrote: maka wrote: Hobitke wrote: maka wrote: Hobitke wrote: maka wrote: Angelica _ann wrote: Auction Method : Multi-Price Bid Auction......... what does this mean? In a multiple price auction, the successful bidders are required to pay for the allotted quantity at the respective price or yield at which they bid.If its within the cut off range... This bond business is difficult to grasp! If anyone can be as so kind as to explain how to arrive at the quoted yield? Is this the same as the coupon rate? ( newbie questions ) Two different things...quoted yield is the current market price of the bond at the secondary market...or if its at the auction its the price you put your bid at...Coupon rate is normally fixed never changes during the tenor of the bond thats what you will be getting every year usually semi annually... @ Maka , thanks, by price do you mean total value I am bidding? e.g 1 million? Would that not be face value? Yes but depending on your bid rate you can buy at premium,at par or a at a discount. ..so a paper that is 1 million...you might pay less for every 100 but coupon will still be calculated on your 1 million...and you will still get your 1 million at maturity. @ Maka, thanks , So ..if at auction they state ''Price per Kshs 100 at Average Yield '' that means its at par therefore yield would be zero? Nope...at market weighted average yield...you will get the bond at the average yield of accepted bids fellows went in at...which can still be at discount,par or premium depending on the auction outcome...you should try with this IFB you will get to learn...expecting a discount on it... I just might in order to understand better, going with the next IFB @ 12.5% , to approximate payouts using the CBK calculator , what would the expected yield be?
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snipermnoma		#562 Posted : Tuesday, February 07, 2017 12:19:18 PM
Rank: Member Joined: 1/3/2014 Posts: 257		Here is the link to the document on CBK website: https://www.centralbank....%20Bond%20Prospectus.pdf
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Pesa Nane		#563 Posted : Tuesday, February 07, 2017 12:57:26 PM
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c		@maka have you noted that the corresponding pricings per yield are different on the IFB prospectus Vs CBK pricing calculator eg the prospectus price at 13% yield is 97.510 but 97.002 on the calculator. Pesa Nane plans to be shilingi when he grows up.
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maka		#564 Posted : Tuesday, February 07, 2017 2:28:05 PM
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi		Pesa Nane wrote: @maka have you noted that the corresponding pricings per yield are different on the IFB prospectus Vs CBK pricing calculator eg the prospectus price at 13% yield is 97.510 but 97.002 on the calculator. Coz of the amortised nature of the bond.I will organise a calc for the bond shortly. possunt quia posse videntur
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Pesa Nane		#565 Posted : Wednesday, February 08, 2017 6:41:14 PM
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c		maka wrote: Pesa Nane wrote: @maka have you noted that the corresponding pricings per yield are different on the IFB prospectus Vs CBK pricing calculator eg the prospectus price at 13% yield is 97.510 but 97.002 on the calculator. Coz of the amortised nature of the bond.I will organise a calc for the bond shortly. Genius Pesa Nane plans to be shilingi when he grows up.
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maka		#566 Posted : Thursday, February 16, 2017 10:47:24 AM
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi		Pesa Nane wrote: maka wrote: Pesa Nane wrote: @maka have you noted that the corresponding pricings per yield are different on the IFB prospectus Vs CBK pricing calculator eg the prospectus price at 13% yield is 97.510 but 97.002 on the calculator. Coz of the amortised nature of the bond.I will organise a calc for the bond shortly. Genius possunt quia posse videntur
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maka		#567 Posted : Thursday, February 16, 2017 11:26:30 AM
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi		Who loves numbers? possunt quia posse videntur
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Impunity		#568 Posted : Thursday, February 16, 2017 4:53:53 PM
Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada		maka wrote: Pesa Nane wrote: maka wrote: Pesa Nane wrote: @maka have you noted that the corresponding pricings per yield are different on the IFB prospectus Vs CBK pricing calculator eg the prospectus price at 13% yield is 97.510 but 97.002 on the calculator. Coz of the amortised nature of the bond.I will organise a calc for the bond shortly. Genius Why are Bonds register closed for payments? Kwani ni kama share? Portfolio: Sold You know you've made it when you get a parking space for your yatcht.
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Pesa Nane		#569 Posted : Friday, February 17, 2017 10:22:56 AM
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c		maka wrote: Who loves numbers? Now all wazuans 'speaking in code' #Obieromania Pesa Nane plans to be shilingi when he grows up.
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maka		#570 Posted : Friday, February 17, 2017 10:35:29 AM
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi		Impunity wrote: maka wrote: Pesa Nane wrote: maka wrote: Pesa Nane wrote: @maka have you noted that the corresponding pricings per yield are different on the IFB prospectus Vs CBK pricing calculator eg the prospectus price at 13% yield is 97.510 but 97.002 on the calculator. Coz of the amortised nature of the bond.I will organise a calc for the bond shortly. Genius Why are Bonds register closed for payments? Kwani ni kama share? The kind of payments they do is crazy...look at 20th...the 30 year and 3.7.15 are paying coupons. possunt quia posse videntur
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maka		#571 Posted : Monday, February 20, 2017 10:02:07 AM
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi		maka wrote: Impunity wrote: maka wrote: Pesa Nane wrote: maka wrote: Pesa Nane wrote: @maka have you noted that the corresponding pricings per yield are different on the IFB prospectus Vs CBK pricing calculator eg the prospectus price at 13% yield is 97.510 but 97.002 on the calculator. Coz of the amortised nature of the bond.I will organise a calc for the bond shortly. Genius Why are Bonds register closed for payments? Kwani ni kama share? The kind of payments they do is crazy...look at 20th...the 30 year and 3.7.15 are paying coupons. Paid.. ----------------------- Message Header ------------------------- Swift Output : FIN 103 Single Customer Credt Transfer Sender : CBKEKENXXXX CENTRAL BANK OF KENYA NAIROBI KE Receiver : NINCKENAXXX NIC BANK LIMITED (HEAD OFFICE) NAIROBI KE As usual a few minutes before 10 am.... possunt quia posse videntur
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maka		#572 Posted : Monday, February 20, 2017 1:56:11 PM
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi		Bids Closure : Duly completed bond application forms must be submitted to any branch of the Central Bank in the specified tender box by 2.00 p.m on Tuesday, 21st February, 2017. 13.50-13.95 possunt quia posse videntur
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Liv		#573 Posted : Tuesday, February 21, 2017 2:08:31 AM
Rank: Veteran Joined: 11/14/2006 Posts: 1,311		maka wrote: Bids Closure : Duly completed bond application forms must be submitted to any branch of the Central Bank in the specified tender box by 2.00 p.m on Tuesday, 21st February, 2017. 13.50-13.95 13.10 -13.60
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Ericsson		#574 Posted : Tuesday, February 21, 2017 8:02:51 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,696 Location: NAIROBI		Liv wrote: maka wrote: Bids Closure : Duly completed bond application forms must be submitted to any branch of the Central Bank in the specified tender box by 2.00 p.m on Tuesday, 21st February, 2017. 13.50-13.95 13.10 -13.60 Let's see if CBK will reject the higher bids Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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snipermnoma		#575 Posted : Wednesday, February 22, 2017 5:49:21 PM
Rank: Member Joined: 1/3/2014 Posts: 257		Anyone with the results of the IFB?
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maka		#576 Posted : Wednesday, February 22, 2017 5:58:30 PM
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi		snipermnoma wrote: Anyone with the results of the IFB? Bado... possunt quia posse videntur
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snipermnoma		#577 Posted : Wednesday, February 22, 2017 6:43:37 PM
Rank: Member Joined: 1/3/2014 Posts: 257		maka wrote: snipermnoma wrote: Anyone with the results of the IFB? Bado... Mpaka lini? Tonight ama kesho?
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obiero		#578 Posted : Wednesday, February 22, 2017 8:27:53 PM
Rank: Elder Joined: 6/23/2009 Posts: 13,520 Location: nairobi		snipermnoma wrote: maka wrote: snipermnoma wrote: Anyone with the results of the IFB? Bado... Mpaka lini? Tonight ama kesho? The 12 year GoK bond has come in at 13.55%... lending to the general population is capped at 14%! The impact of interest cap continues .... so banks will rather take money to CBK than lend to common Kenyans at 14% with higher risk. HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Pesa Nane		#579 Posted : Thursday, February 23, 2017 7:35:16 AM
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c		snipermnoma wrote: maka wrote: snipermnoma wrote: Anyone with the results of the IFB? Bado... Mpaka lini? Tonight ama kesho? Pesa Nane plans to be shilingi when he grows up.
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Ericsson		#580 Posted : Thursday, February 23, 2017 7:40:14 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,696 Location: NAIROBI		CBK only accepted sh.6bn out of 30bn Uhurunomics tactics screwed this country Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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