Sorry, this is for T bill 2123

https://www.centralbank....0dated%2015.05.2017.pdf

My maths with above % and what CBK is asking is different . why l seem not to get.WT @15%[/quote]

Rephrase...and note that WTH for bonds 10 years and above is 15%...
[/quote]

The result for T bill[2123] 364 days with weighted average interest of 10.929%,now assuming the coupon value is 100,000/- how much is one supposed to pay CBK inclusive WT?

The result for T bill[2123] 364 days with weighted average interest of 10.929%,now assuming the coupon value is 100,000/- how much is one supposed to pay CBK inclusive WT?[/quote]

90,710.35 or the nearest answer
[/quote]
Thought so but
Why then 91,646.20?

Si thats same as dirty price...

Its quite straight forward. Place the prospectus here we do the math.

My pardon for that. Assumed we were talking T-BONDS. For T-Bond, now you know.

Back to your T-BILL.
Settlement Price = Quote Price + Tax (15%)
TAx = 15% of discount amount (Face value less quote price)

Settlement = Ksh 90,172 + {15% of (100,000 - 90,172)}
Settlement = Ksh 90,172 + (15% of 9,828)
Settlement = Ksh 90,172 + 1,474.20
Settlement = Ksh 91,646.20

Mystery solved!

At the quoted average yield of 10.929%, the price per Ksh. 100.00 is Ksh. 90.172.

Price per Ksh. 100 = Ksh. 90.172
Price per Ksh. 100k= Ksh. 90.172 X 1000
Price per Ksh. 100k= Ksh. 90,172.00

Thanks very much, now I know!
@AA l am still doubting my calculator app maybe kuna hack ndani yake! 10.929% of 100?
Shukran pesa8

@Maka interest ya 9.3% na 12.5% taxed ni poa for such a long time ?

The govt plan in the 2016/17 budget was to borrow Shs.612bn from the domestic market.
By end of Dec 16, it was increased to Shs.912bn.

Your yield will be much higher than the 9.3% interest since you are buying at a lower price and not at par. Simplified,..... you will only pay 92K BUT interest calculation will be 9.3% of 100K.