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wukan
#8101 Posted : Wednesday, July 26, 2017 12:34:48 PM
Rank: Veteran

Joined: 11/13/2015
Posts: 1,654
heri wrote:
littledove wrote:
http://www.businessdailyafrica.com/corporate/companies/KQ-seeks-court-backing-in-debt-swap-war-with-banks/4003102-4032514-10kxs5c/index.html
If KQ gets a court approval, three banks opposed to the debt-to-equity proposals will be forced to follow their consenting peers and the Treasury down the rabbit hole as they will be deemed to have opted for the shares plus bond option “by default”.
People familiar with the transaction say Equity, Jamii Bora and Ecobank are holding out against the debt conversion plan, arguing that they “were not consulted.”
The three are collectively owed Sh6.4 billion (or just 13 per cent of the outstanding debt).


Banks in trouble. If it is not KQ it is Nakummatt all piling up on NPLs


This is a really a bankruptcy proceedings so this stock should be de-listed asap until it comes out of the bankruptcy. This is what Nakumatt should have done instead of waiting to be wound up by court.
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Ericsson
#8102 Posted : Wednesday, July 26, 2017 1:35:21 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,809
Location: NAIROBI
List of Lenders and the amounts owed by KQ
Equity Bank sh.5.15bn Maturing 26 Oct 2016
National Bank sh.3.502bn Maturing 29 Jan 2023
Co-op Bank sh.3.296bn Maturing 4 Oct 2022
CBA sh.3.09bn Maturing 26 Feb 2017
NIC Bank sh.2.06bn Maturing 31 Dec 2022
KCB sh.2.06bn Maturing 31 May 2016
DTB sh.2.06bn Maturing 31 Jan 2023
I&M Bank sh.824mn Maturing 31 Dec 2022
Ecobank sh.824mn Maturing 31 Dec 2022
Chase Bank sh.721mn Maturing 21 Jan 2021
Jamii Bora sh.412mn Maturing 30 Mar 2020
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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obiero
#8103 Posted : Wednesday, July 26, 2017 1:46:40 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,236
Location: nairobi
wukan wrote:
heri wrote:
littledove wrote:
http://www.businessdailyafrica.com/corporate/companies/KQ-seeks-court-backing-in-debt-swap-war-with-banks/4003102-4032514-10kxs5c/index.html
If KQ gets a court approval, three banks opposed to the debt-to-equity proposals will be forced to follow their consenting peers and the Treasury down the rabbit hole as they will be deemed to have opted for the shares plus bond option “by default”.
People familiar with the transaction say Equity, Jamii Bora and Ecobank are holding out against the debt conversion plan, arguing that they “were not consulted.”
The three are collectively owed Sh6.4 billion (or just 13 per cent of the outstanding debt).


Banks in trouble. If it is not KQ it is Nakummatt all piling up on NPLs


This is a really a bankruptcy proceedings so this stock should be de-listed asap until it comes out of the bankruptcy. This is what Nakumatt should have done instead of waiting to be wound up by court.

Shindwe

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heri
#8104 Posted : Wednesday, July 26, 2017 2:35:49 PM
Rank: Member

Joined: 9/14/2011
Posts: 869
Location: nairobi
Ericsson wrote:
List of Lenders and the amounts owed by KQ
Equity Bank sh.5.15bn Maturing 26 Oct 2016
National Bank sh.3.502bn Maturing 29 Jan 2023
Co-op Bank sh.3.296bn Maturing 4 Oct 2022
CBA sh.3.09bn Maturing 26 Feb 2017
NIC Bank sh.2.06bn Maturing 31 Dec 2022
KCB sh.2.06bn Maturing 31 May 2016
DTB sh.2.06bn Maturing 31 Jan 2023
I&M Bank sh.824mn Maturing 31 Dec 2022
Ecobank sh.824mn Maturing 31 Dec 2022
Chase Bank sh.721mn Maturing 21 Jan 2021
Jamii Bora sh.412mn Maturing 30 Mar 2020



Woi, my DTB . will it stomach such a huge NPL
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actuarywahisa
#8105 Posted : Wednesday, July 26, 2017 2:43:55 PM
Rank: Member

Joined: 5/21/2014
Posts: 184
@Obiero... Paka inaendelea kuanguka! Sub 4 by around elections.
There are too many opportunities all around. Open your eyes and maybe you'll spot one
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  | | Edit by user: Wednesday, July 26, 2017 2:45 PM | Reason: Not specified
muandiwambeu
#8106 Posted : Wednesday, July 26, 2017 3:11:14 PM
Rank: Veteran

Joined: 8/28/2015
Posts: 1,247
wukan wrote:
heri wrote:
littledove wrote:
http://www.businessdailyafrica.com/corporate/companies/KQ-seeks-court-backing-in-debt-swap-war-with-banks/4003102-4032514-10kxs5c/index.html
If KQ gets a court approval, three banks opposed to the debt-to-equity proposals will be forced to follow their consenting peers and the Treasury down the rabbit hole as they will be deemed to have opted for the shares plus bond option “by default”.
People familiar with the transaction say Equity, Jamii Bora and Ecobank are holding out against the debt conversion plan, arguing that they “were not consulted.”
The three are collectively owed Sh6.4 billion (or just 13 per cent of the outstanding debt).


Banks in trouble. If it is not KQ it is Nakummatt all piling up on NPLs


This is a really a bankruptcy proceedings so this stock should be de-listed asap until it comes out of the bankruptcy. This is what Nakumatt should have done instead of waiting to be wound up by court.

Me too I support. This animal tunaona mafupa na mbavu tu, nyama hakuna! Hatunawakati wakufuga iweke mnofu na inoneshe, wacha niendelee kuchinja nono zilizopo kichinjio. Bila shaka yeyote, stress nazo nijitakie kwa nini? Punda pekee ndiye ujiringa kwa kazi ngumu aliyoifanya kwa matumizi kindogo.
Laughing out loudly
,Behold, a sower went forth to sow;....
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  | | Edit by user: Wednesday, July 26, 2017 3:13 PM | Reason: Not specified
VituVingiSana
#8107 Posted : Wednesday, July 26, 2017 3:49:23 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,354
Location: Nairobi
Sigh, I see all my (investee) banks are on here!
Equity, NIC, DTB and I&M ... At least I am not in KQ.
Even though it hurts, I am sure they can survive the blow of 100% NPLs coz of KQ. Some may havealready NPL'd part of the loans given to KQ.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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obiero
#8108 Posted : Wednesday, July 26, 2017 6:05:20 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,236
Location: nairobi
VituVingiSana wrote:
Sigh, I see all my (investee) banks are on here!
Equity, NIC, DTB and I&M ... At least I am not in KQ.
Even though it hurts, I am sure they can survive the blow of 100% NPLs coz of KQ. Some may havealready NPL'd part of the loans given to KQ.

Your banks are also very weird.. not supporting the good plans by KQ
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Impunity
#8109 Posted : Wednesday, July 26, 2017 6:06:12 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
heri wrote:
littledove wrote:
http://www.businessdailyafrica.com/corporate/companies/KQ-seeks-court-backing-in-debt-swap-war-with-banks/4003102-4032514-10kxs5c/index.html
If KQ gets a court approval, three banks opposed to the debt-to-equity proposals will be forced to follow their consenting peers and the Treasury down the rabbit hole as they will be deemed to have opted for the shares plus bond option “by default”.
People familiar with the transaction say Equity, Jamii Bora and Ecobank are holding out against the debt conversion plan, arguing that they “were not consulted.”
The three are collectively owed Sh6.4 billion (or just 13 per cent of the outstanding debt).


Banks in trouble. If it is not KQ it is Nakummatt all piling up on NPLs


I would like to know how much Jamii Bora is owed.And why a big firm like KQ went to borrow money from Jamii Bora.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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muandiwambeu
#8110 Posted : Wednesday, July 26, 2017 9:00:44 PM
Rank: Veteran

Joined: 8/28/2015
Posts: 1,247
Impunity wrote:
heri wrote:
littledove wrote:
http://www.businessdailyafrica.com/corporate/companies/KQ-seeks-court-backing-in-debt-swap-war-with-banks/4003102-4032514-10kxs5c/index.html
If KQ gets a court approval, three banks opposed to the debt-to-equity proposals will be forced to follow their consenting peers and the Treasury down the rabbit hole as they will be deemed to have opted for the shares plus bond option “by default”.
People familiar with the transaction say Equity, Jamii Bora and Ecobank are holding out against the debt conversion plan, arguing that they “were not consulted.”
The three are collectively owed Sh6.4 billion (or just 13 per cent of the outstanding debt).


Banks in trouble. If it is not KQ it is Nakummatt all piling up on NPLs


I would like to know how much Jamii Bora is owed.And why a big firm like KQ went to borrow money from Jamii Bora.

Laughing out loudly Laughing out loudly Laughing out loudly desperate times calls for desperate measures. What was the interest rate after all¿
,Behold, a sower went forth to sow;....
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