KES is at 103.50 levels, hasn't reached 104 yet.

I will give the info... Acha tutengenezee muhindi pesa kwanza...

Am here now....

(i) You need a normal CDS account with your preffered broker... I believe all of them have a FI trading desk.

(ii) Have your broker sign and take an ATS registration to CBK(assuming you have already opened a CDS with CBK)... This is how an ATS registration looks like..



You can register up to 5 different brokers to trade for you.... I think we are ok up too there...

Sawa.
How do one sell without a serious haircut?

When the prevailing rate is is below coupon rate,you pay the buyer the premium on selling?

Selling is all about negotiating and also getting to know where the prevailing rates are... Rem anything below 100m is considered an odd lot and usually carries a discount unless its an IFB... If the broker tells you 15% my friend if you can't negotitate you will have to sell that paper at 15% because that is the only channel available to help you trade...

E

Analysts at Genghis Capital said liquidity is likely to be drained further should the regulator choose to issue a tap sale of the infrastructure bond floated earlier this month, while lenders are also likely to be looking for cash to settle tax payments.

“We anticipate slight tight liquidity in the market, being the incipient days of the new (cash reserve ratio (CRR) cycle and the expected statutory corporate tax payments,” said Genghis in a note.

“We also anticipate a tap sale on the infrastructure bond to mop-up the rejected cash from the initial auction and also endear to investors who were squeezed out by constrained initial sale period.”

Kesho is another day. We will be waiting

Underpriced, they should pay 13%+ for this tenor. They'll raise rates soon...

The coupon rate remains same coz it's a tap sale.
The weighted rate may go higher than 12.156 (sad) but also may go lower. So much liquidity in the market.