Angelica_Ann,
Why do you say so? Seems like a pretty decent deal for bond investors to me.

What would you do Mugundaman? go physically, email them or not bother?

GoK and CBK have rode their luck on this one. Don't think there is a lot of ammo left on their part. The market can sense a turning point in yields(it has for a while now) but the governor has been a stickler to the yield curve. The problem with this strategy is that it kneecaps the long end note yields and forces pressure on the short end leading to an inversion. The market always wins.

Globally, yields bottomed out in mid 2016, then a mild uptick has followed, next up is the wild ride. External borrowing is becoming pricier - my guess is that eurobond 2.0 will be a cropper - and KE is only attracting funds at distress prices as exemplified by the latest loan to offset the syndicated debt. To make matters worse, treasury is lagging behind on its local borrowing targets, ergo, borrowing has to speed up at some point especially if maturities bunch up and roll-over offers fall through. This is the show I am waiting for.

The mark to watch out for is when the 10yr note yield vaults past the 14% capping level.

But Shiku snubbed the govt on the MAkiba bond. Shiku also prefers the instant but expensive mobile phone loans. 89% of the investors see the same thing with Shiku that govt is slay queen jeuri-maringo mingi tu!