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Ebenyo		#1541 Posted : Wednesday, February 21, 2018 10:39:06 AM
Rank: Veteran Joined: 4/4/2016 Posts: 2,016 Location: Kitale		mnandii wrote: Ericsson wrote: https://www.businessdailyafrica.com/news/world/Singapore-pays-bonus-to-citizens-as-economy-grows/4259366-4312954-fw8nsbz/index.html And finally this. In 1970 kenya was ahead of singapore The most loudable thing here is their honest revelation that the budget is in surplus.We are used to be told of deficits no matter what. Towards the goal of financial freedom
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aemathenge		#1542 Posted : Thursday, February 22, 2018 11:07:50 AM
Rank: Elder Joined: 10/18/2008 Posts: 3,434 Location: Kerugoya		Copy and Paste Quote: The Kenyan Government has raised $2 billion (Sh 200B) in a dollar denominated Eurobond sale on Wednesday which is split equally between 10- and 30-year tranches. The 10 year bond will yield a coupon of 7.25% while the 30 year will yield a 8.25%. Citi, JPMorgan, Standard Bank and Standard Chartered Bank managed the transaction. As of yesterday afternoon, it was reported that the order book of the new issue was up to US$13.3 billion against govt’s target of US$2 Billion, suggesting huge foreign appetite for the country’s debt. Kenya returned to international debt markets to cover its financing needs in addition to lightening the debt-servicing burden. Of the $2 billion raised on Wednesday, $750M will go towards settling some of the foreign debts that mature before June. Source Link From The Kenyan Wall Street https://mahegoat.wordpress.com
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Wororo		#1543 Posted : Thursday, February 22, 2018 1:59:14 PM
Rank: Member Joined: 1/30/2011 Posts: 207		Kenya attracts $14Bn for it's $2Bn Eurobond
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Ericsson		#1544 Posted : Thursday, February 22, 2018 4:06:08 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		2003-04: Year Kenya enjoyed surplus budget Read more at: https://www.standardmedi...-enjoyed-surplus-budget Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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KulaRaha		#1545 Posted : Thursday, February 22, 2018 4:21:08 PM
Rank: Elder Joined: 7/26/2007 Posts: 6,514		Wororo wrote: Kenya attracts $14Bn for it's $2Bn Eurobond TBH, this isn't really something to be proud of. Business opportunities are like buses,there's always another one coming
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jgithige		#1546 Posted : Thursday, February 22, 2018 4:32:36 PM
Rank: Member Joined: 7/10/2014 Posts: 145 Location: Nairobi		KulaRaha wrote: Wororo wrote: Kenya attracts $14Bn for it's $2Bn Eurobond TBH, this isn't really something to be proud of. Former President Mzee Moi once said...There is no dignity in borrowing!! "Blowing out someone else candle won't make yours shine brighter"-Anonymous
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obiero		#1547 Posted : Friday, February 23, 2018 7:06:19 AM
Rank: Elder Joined: 6/23/2009 Posts: 14,213 Location: nairobi		jgithige wrote: KulaRaha wrote: Wororo wrote: Kenya attracts $14Bn for it's $2Bn Eurobond TBH, this isn't really something to be proud of. Former President Mzee Moi once said...There is no dignity in borrowing!! Plus the LIBOR is way below what we are offering hence the massive oversubscription. The two men will finish us KQ ABP 4.26
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Ericsson		#1548 Posted : Friday, February 23, 2018 7:27:01 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		obiero wrote: jgithige wrote: KulaRaha wrote: Wororo wrote: Kenya attracts $14Bn for it's $2Bn Eurobond TBH, this isn't really something to be proud of. Former President Mzee Moi once said...There is no dignity in borrowing!! Plus the LIBOR is way below what we are offering hence the massive oversubscription. The two men will finish us @obiero So its 7.25% and 8.25% plus LIBOR Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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obiero		#1549 Posted : Friday, February 23, 2018 7:34:58 AM
Rank: Elder Joined: 6/23/2009 Posts: 14,213 Location: nairobi		Ericsson wrote: obiero wrote: jgithige wrote: KulaRaha wrote: Wororo wrote: Kenya attracts $14Bn for it's $2Bn Eurobond TBH, this isn't really something to be proud of. Former President Mzee Moi once said...There is no dignity in borrowing!! Plus the LIBOR is way below what we are offering hence the massive oversubscription. The two men will finish us @obiero So its 7.25% and 8.25% plus LIBOR No. The 7.25% is the effective rate per annum but LIBOR on USD borrowing which is the borrower currency stands at 2.4% p.a. It would be ideal for the borrowing to be rated 5% or lower as it is risk-free http://www.global-rates....t-rates/libor/libor.aspx KQ ABP 4.26
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Ericsson		#1550 Posted : Friday, February 23, 2018 8:09:36 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		https://amp.ft.com/conte..._twitter_impression=true Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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