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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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maka wrote:Pesa Nane wrote:maka wrote:Taurrus wrote:maka wrote:maka wrote: FXD 2/2010/10 and FXD1/2009/15
@Maka interest ya 9.3% na 12.5% taxed ni poa for such a long time ? Ummmh No... Your yield will be much higher than the 9.3% interest since you are buying at a lower price and not at par. Simplified,..... you will only pay 92K BUT interest calculation will be 9.3% of 100K. 9.3/92.093 * 100 = 10.09 Net 10.09*0.9 = 9.0886 Avogadro 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: Member Joined: 8/25/2015 Posts: 839 Location: Kite
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We need some class here! But we will know as we go cause buying we must!
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Rank: Member Joined: 11/17/2009 Posts: 398 Location: Where everyone knows you
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Latest T-Bond on Offer:
- Re-0pen 15 year bond FXD2/2007/15 - 4.96 years remaining - Value Date 26/6/17 - Due Date 6/6/22 - Coupon rate 13.50% - Withholding Tax 10%.
Looks good.
What do you guys think will be the quoted yield / price per 100/=
Happy investing
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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MatataMingi wrote:Latest T-Bond on Offer:
- Re-0pen 15 year bond FXD2/2007/15 - 4.96 years remaining - Value Date 26/6/17 - Due Date 6/6/22 - Coupon rate 13.50% - Withholding Tax 10%.
Looks good.
What do you guys think will be the quoted yield / price per 100/=
Happy investing 105-107...it will come in at a premium... possunt quia posse videntur
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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You'll get coupon rate, maybe 13.75% max. Business opportunities are like buses,there's always another one coming
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 2/16/2007 Posts: 2,114
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Can someone tell me whether I can use the CDS account I have with the CDSC to purchase a gov.bond or I still have to open one at the CBK?
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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Chaka wrote:Can someone tell me whether I can use the CDS account I have with the CDSC to purchase a gov.bond or I still have to open one at the CBK? currently you cant use the cds account of cdsc to purchase bond.you will have to open a new cds account with cbk specifically for bonds.But there are plans to merge the two so in future they will be one. 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:Chaka wrote:Can someone tell me whether I can use the CDS account I have with the CDSC to purchase a gov.bond or I still have to open one at the CBK? currently you cant use the cds account of cdsc to purchase bond.you will have to open a new cds account with cbk specifically for bonds.But there are plans to merge the two so in future they will be one. Maybe when Jesus comes...buying or selling a bond in the secondary market is one painful process...You really need to be super patient. possunt quia posse videntur
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Rank: Member Joined: 3/15/2010 Posts: 391 Location: nairobie
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maka wrote:Ebenyo wrote:Chaka wrote:Can someone tell me whether I can use the CDS account I have with the CDSC to purchase a gov.bond or I still have to open one at the CBK? currently you cant use the cds account of cdsc to purchase bond.you will have to open a new cds account with cbk specifically for bonds.But there are plans to merge the two so in future they will be one. Maybe when Jesus comes...buying or selling a bond in the secondary market is one painful process...You really need to be super patient. So is it much simpler to buy when its floated afresh or how is it
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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subaru wrote:maka wrote:Ebenyo wrote:Chaka wrote:Can someone tell me whether I can use the CDS account I have with the CDSC to purchase a gov.bond or I still have to open one at the CBK? currently you cant use the cds account of cdsc to purchase bond.you will have to open a new cds account with cbk specifically for bonds.But there are plans to merge the two so in future they will be one. Maybe when Jesus comes...buying or selling a bond in the secondary market is one painful process...You really need to be super patient. So is it much simpler to buy when its floated afresh or how is it Yep...but then if you have done this for a while you will realise that you can get proper off market deals at the secondary market... possunt quia posse videntur
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Rank: Elder Joined: 2/16/2007 Posts: 2,114
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Meaning some people sell at a loss at the secondary market? maka wrote: Yep...but then if you have done this for a while you will realise that you can get proper off market deals at the secondary market...
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Chaka wrote:Meaning some people sell at a loss at the secondary market? maka wrote: Yep...but then if you have done this for a while you will realise that you can get proper off market deals at the secondary market...
Not necessarily...imagine you bought a paper at a discount of 70 or 80 per 100 you have held the paper for 5 years...got the coupon payments over that period and you can still sell and get your original margin.... possunt quia posse videntur
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Rank: Member Joined: 11/17/2009 Posts: 398 Location: Where everyone knows you
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maka wrote:MatataMingi wrote:Latest T-Bond on Offer:
- Re-0pen 15 year bond FXD2/2007/15 - 4.96 years remaining - Value Date 26/6/17 - Due Date 6/6/22 - Coupon rate 13.50% - Withholding Tax 10%.
Looks good.
What do you guys think will be the quoted yield / price per 100/=
Happy investing 105-107...it will come in at a premium... @Maka. Any particular reason for such a premium? At these prices the yield will be between 12.125% to 11.625% - roughly. Not too good for a almost five year bond.
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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MatataMingi wrote:maka wrote:MatataMingi wrote:Latest T-Bond on Offer:
- Re-0pen 15 year bond FXD2/2007/15 - 4.96 years remaining - Value Date 26/6/17 - Due Date 6/6/22 - Coupon rate 13.50% - Withholding Tax 10%.
Looks good.
What do you guys think will be the quoted yield / price per 100/=
Happy investing 105-107...it will come in at a premium... @Maka. Any particular reason for such a premium? At these prices the yield will be between 12.125% to 11.625% - roughly. Not too good for a almost five year bond. Thats where the 5 year is trading...check implied yields. 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:MatataMingi wrote:maka wrote:MatataMingi wrote:Latest T-Bond on Offer:
- Re-0pen 15 year bond FXD2/2007/15 - 4.96 years remaining - Value Date 26/6/17 - Due Date 6/6/22 - Coupon rate 13.50% - Withholding Tax 10%.
Looks good.
What do you guys think will be the quoted yield / price per 100/=
Happy investing 105-107...it will come in at a premium... @Maka. Any particular reason for such a premium? At these prices the yield will be between 12.125% to 11.625% - roughly. Not too good for a almost five year bond. Thats where the 5 year is trading...check implied yields. possunt quia posse videntur
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Rank: Member Joined: 11/17/2009 Posts: 398 Location: Where everyone knows you
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@Maka. Thanks.
I have a large 2 year bond maturing on the 26th.
I will roll it over in 2 bids.
- One at 103/= - One at AVERAGE.
Let's wait and see what happens.
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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MatataMingi wrote:@Maka. Thanks.
I have a large 2 year bond maturing on the 26th.
I will roll it over in 2 bids.
- One at 103/= - One at AVERAGE.
Let's wait and see what happens.
possunt quia posse videntur
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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got my first t.bond interest this week for fxd2/2014/5.whats the current rate and price of this bond in the secondary market at nse? 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:got my first t.bond interest this week for fxd2/2014/5.whats the current rate and price of this bond in the secondary market at nse? Check above on the implied yields should be around 11.5%...Its basically a 2 year paper... possunt quia posse videntur
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