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Treasury Bills and Bonds
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sparkly
#1631 Posted : Sunday, January 29, 2023 3:44:13 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Thitifini wrote:
What is the chance of government restructuring domestic debt at the moment guys?

I see interest of domestic papers is almost 3/4 yet debt itself is less than half. Also noted that Ghana was in the same situation and has begun restructuring domestic debt.....

...then sometime last year we almost defaulted on a due Chinese loan interest 0payment?


GOK has been beseeching TB holders to convert to longer term Bonds
Life is short. Live passionately.
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Thitifini
#1632 Posted : Friday, February 03, 2023 10:32:47 PM
Rank: Member

Joined: 1/15/2015
Posts: 681
Location: Kenya
sparkly wrote:
Thitifini wrote:
What is the chance of government restructuring domestic debt at the moment guys?

I see interest of domestic papers is almost 3/4 yet debt itself is less than half. Also noted that Ghana was in the same situation and has begun restructuring domestic debt.....

...then sometime last year we almost defaulted on a due Chinese loan interest 0payment?


GOK has been beseeching TB holders to convert to longer term Bonds


Conversion of debt to long term is not a big problem for me. Restructuring debt is what I'm worried about. Imagine holding a bond of 12% then the government doesn't pay up or reduces the interest on rolled over interest to zero!

60% Learning, 30% synthesizing, 10% Debating
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MatataMingi
#1633 Posted : Monday, March 20, 2023 11:38:42 AM
Rank: Member

Joined: 11/17/2009
Posts: 399
Location: Where everyone knows you
I don't think that the Government can refuse to pay, or reduce interest on rolled over bids to zero.
Too many funds and banks are holding investments.
They could, I suppose not redeem the investments on the due dates, and keep paying the coupon.
Or they could, as they recently did, offer attractive switch bonds for upcoming redemptions.
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VituVingiSana
#1634 Posted : Monday, March 20, 2023 11:51:18 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,433
Location: Nairobi
MatataMingi wrote:
I don't think that the Government can refuse to pay, or reduce interest on rolled over bids to zero.
Too many funds and banks are holding investments.
They could, I suppose not redeem the investments on the due dates, and keep paying the coupon.
Or they could, as they recently did, offer attractive switch bonds for upcoming redemptions.

Ghana
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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heri
#1635 Posted : Monday, March 20, 2023 12:15:05 PM
Rank: Member

Joined: 9/14/2011
Posts: 873
Location: nairobi
MatataMingi wrote:
I don't think that the Government can refuse to pay, or reduce interest on rolled over bids to zero.
Too many funds and banks are holding investments.
They could, I suppose not redeem the investments on the due dates, and keep paying the coupon.
Or they could, as they recently did, offer attractive switch bonds for upcoming redemptions.



Unless things change, the path we are on as a country will most likely lead us to Ghana situation. I saw that even Counties have not been receiving funds
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Ericsson
#1636 Posted : Monday, March 20, 2023 1:49:42 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,834
Location: NAIROBI
heri wrote:
MatataMingi wrote:
I don't think that the Government can refuse to pay, or reduce interest on rolled over bids to zero.
Too many funds and banks are holding investments.
They could, I suppose not redeem the investments on the due dates, and keep paying the coupon.
Or they could, as they recently did, offer attractive switch bonds for upcoming redemptions.



Unless things change, the path we are on as a country will most likely lead us to Ghana situation. I saw that even Counties have not been receiving funds


Start with Sri Lanka before heading to Ghana
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Queen
#1637 Posted : Wednesday, March 22, 2023 11:55:35 AM
Rank: Member

Joined: 11/21/2018
Posts: 564
Location: Britain
The recent Tap Sale for IFB1/2023/17 attracted kshs12B only from the 20B on offer signalling tight liquidity in the market given that the coupon rate was quite attractive at 14.399% p.a.
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Taurrus
#1638 Posted : Monday, May 08, 2023 5:52:45 PM
Rank: Member

Joined: 8/25/2015
Posts: 839
Location: Kite
Anyone received bond payment this week?
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obiero
#1639 Posted : Monday, May 08, 2023 9:47:52 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,462
Location: nairobi
Taurrus wrote:
Anyone received bond payment this week?

Following this post closely
COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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Taurrus
#1640 Posted : Tuesday, May 09, 2023 7:54:26 PM
Rank: Member

Joined: 8/25/2015
Posts: 839
Location: Kite
obiero wrote:
Taurrus wrote:
Anyone received bond payment this week?

Following this post closely

Imefika. Walituzoesha vibaya!
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