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Rank: Elder Joined: 1/8/2018 Posts: 2,211 Location: DC (Dustbowl County)
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AndyC wrote: If he is a first time investor then there is nothing to roll over as he is bidding. The rollover, i guess, is for investments that are maturing and the investors would like to apply for a current bid with the maturing funds instead of being paid. If an investor wants to roll over funds that will be maturing 3/6/12 months at the time of bidding it makes sense to say come a week to that time. Stuff happens  . Plus CBK demands value date to match the next bill in order for the rollover to work, which is outright crazy. Bottom line CBK is still 1960's analog in our digital age. Can't even get a basic statement online or by SMS (smh). I predict bids would double overnight if such simple basic access was made available.
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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MugundaMan wrote:AndyC wrote: If he is a first time investor then there is nothing to roll over as he is bidding. The rollover, i guess, is for investments that are maturing and the investors would like to apply for a current bid with the maturing funds instead of being paid. If an investor wants to roll over funds that will be maturing 3/6/12 months at the time of bidding it makes sense to say come a week to that time. Stuff happens . Plus CBK demands value date to match the next bill in order for the rollover to work, which is outright crazy. Bottom line CBK is still 1960's analog in our digital age. Can't even get a basic statement online or by SMS (smh). I predict bids would double overnight if such simple basic access was made available. They never listen...smh. Vichwa ngumu sana...  possunt quia posse videntur
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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AndyC wrote:Broke or not the government is clearly not interested in expensive money. They offer 40B receive bids of 55.7B and cherry pick 5B . The institutions must have demanded a higher interest rate. Maybe loaning to Shiku at 14% ain't so bad! It will be interesting esp with the eurobond the govt is planning... Banks might be squuezed out of the bond market... Wonder what they will do with the stockpile of cash... possunt quia posse videntur
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Rank: Elder Joined: 6/23/2009 Posts: 13,530 Location: nairobi
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maka wrote:AndyC wrote:Broke or not the government is clearly not interested in expensive money. They offer 40B receive bids of 55.7B and cherry pick 5B . The institutions must have demanded a higher interest rate. Maybe loaning to Shiku at 14% ain't so bad! It will be interesting esp with the eurobond the govt is planning... Banks might be squuezed out of the bond market... Wonder what they will do with the stockpile of cash... Kenya isn't the only option.. I know of tier 1 local banks that invest in North America via correspondent banks
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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What happened to talk of Yen bond? At one time the jubilee ngais were so keen to float a yen bond. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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obiero wrote:maka wrote:AndyC wrote:Broke or not the government is clearly not interested in expensive money. They offer 40B receive bids of 55.7B and cherry pick 5B . The institutions must have demanded a higher interest rate. Maybe loaning to Shiku at 14% ain't so bad! It will be interesting esp with the eurobond the govt is planning... Banks might be squuezed out of the bond market... Wonder what they will do with the stockpile of cash... Kenya isn't the only option.. I know of tier 1 local banks that invest in North America via correspondent banks Meanwhile devolution is suffering, National Government refusal/delayed transfer of funds!!! In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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gatoho wrote:Liv wrote:AndyC wrote:Broke or not the government is clearly not interested in expensive money. They offer 40B receive bids of 55.7B and cherry pick 5B . The institutions must have demanded a higher interest rate. Maybe loaning to Shiku at 14% ain't so bad! Tap sale pap I thought tap happens when undersubscribed https://www.centralbank....20dated%2005-02-2018.pdfpossunt quia posse videntur
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Rank: Member Joined: 1/13/2014 Posts: 386 Location: Denmark
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maka wrote:gatoho wrote:Liv wrote:[quote=AndyC]Broke or not the government is clearly not interested in expensive money. They offer 40B receive bids of 55.7B and cherry pick 5B . The institutions must have demanded a higher interest rate. Maybe loaning to Shiku at 14% ain't so bad! Tap sale pap I thought tap happens when undersubscribed https://www.centralbank....0dated%2005-02-2018.pdf[/quote] How do you tell the bond's tenure? Seeing is believing
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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jawgey wrote:maka wrote:gatoho wrote:Liv wrote:[quote=AndyC]Broke or not the government is clearly not interested in expensive money. They offer 40B receive bids of 55.7B and cherry pick 5B . The institutions must have demanded a higher interest rate. Maybe loaning to Shiku at 14% ain't so bad! Tap sale pap I thought tap happens when undersubscribed https://www.centralbank....0dated%2005-02-2018.pdf[/quote] How do you tell the bond's tenure? This one is 15 years post #828 In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Member Joined: 1/13/2014 Posts: 386 Location: Denmark
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Angelica _ann wrote:jawgey wrote:maka wrote:gatoho wrote:Liv wrote:[quote=AndyC]Broke or not the government is clearly not interested in expensive money. They offer 40B receive bids of 55.7B and cherry pick 5B . The institutions must have demanded a higher interest rate. Maybe loaning to Shiku at 14% ain't so bad! Tap sale pap I thought tap happens when undersubscribed https://www.centralbank....0dated%2005-02-2018.pdf[/quote] How do you tell the bond's tenure? This one is 15 years post #828 Thanks Ann Seeing is believing
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Rank: Veteran Joined: 11/14/2006 Posts: 1,311
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maka wrote:gatoho wrote:Liv wrote:[quote=AndyC]Broke or not the government is clearly not interested in expensive money. They offer 40B receive bids of 55.7B and cherry pick 5B . The institutions must have demanded a higher interest rate. Maybe loaning to Shiku at 14% ain't so bad! Tap sale pap I thought tap happens when undersubscribed https://www.centralbank....0dated%2005-02-2018.pdf[/quote]
They wanted Kes 35B ...they got Kes 36B
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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Liv wrote:maka wrote:gatoho wrote:Liv wrote:[quote=AndyC]Broke or not the government is clearly not interested in expensive money. They offer 40B receive bids of 55.7B and cherry pick 5B . The institutions must have demanded a higher interest rate. Maybe loaning to Shiku at 14% ain't so bad! Tap sale pap I thought tap happens when undersubscribed https://www.centralbank....0dated%2005-02-2018.pdf[/quote]
They wanted Kes 35B ...they got Kes 36B Kumbe pesa iko, Njoroge amekaa ngumu. He has really tamed bond vultures, would be doing well above 15%, headed to 20%!!!! Yawa, isorite!!! In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Angelica _ann wrote:Liv wrote:maka wrote:gatoho wrote:Liv wrote:[quote=AndyC]Broke or not the government is clearly not interested in expensive money. They offer 40B receive bids of 55.7B and cherry pick 5B . The institutions must have demanded a higher interest rate. Maybe loaning to Shiku at 14% ain't so bad! Tap sale pap I thought tap happens when undersubscribed https://www.centralbank....0dated%2005-02-2018.pdf[/quote]
They wanted Kes 35B ...they got Kes 36B Kumbe pesa iko, Njoroge amekaa ngumu. He has really tamed bond vultures, would be doing well above 15%, headed to 20%!!!! Yawa, isorite!!! Yep... possunt quia posse videntur
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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When is the TAP IFB offer/auction ? Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Member Joined: 8/25/2015 Posts: 839 Location: Kite
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Leo tumeumia T-BILLS 11.271%!
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Rank: Elder Joined: 2/16/2007 Posts: 2,114
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Lakini wengine wamepona.. Taurrus wrote:Leo tumeumia T-BILLS 11.271%!
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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Chaka wrote:Lakini wengine wamepona.. Taurrus wrote:Leo tumeumia T-BILLS 11.271%! Tenor? In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 2/16/2007 Posts: 2,114
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https://www.centralbank....s-bonds/treasury-bills/
Angelica _ann wrote:Chaka wrote:Lakini wengine wamepona.. Taurrus wrote:Leo tumeumia T-BILLS 11.271%! Tenor?
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Rank: Member Joined: 8/25/2015 Posts: 839 Location: Kite
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Chaka wrote:Lakini wengine wamepona.. Taurrus wrote:Leo tumeumia T-BILLS 11.271%! Short term way to go now!
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Rank: Member Joined: 12/1/2007 Posts: 539 Location: Nakuru
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Taurrus wrote:Chaka wrote:Lakini wengine wamepona.. Taurrus wrote:Leo tumeumia T-BILLS 11.271%! Short term way to go now! But 7.95 for 90 days is low (net of 6.76 less WHT)... Some local banks offering 10% with the added ease of liquidating to your current account in case u need the cash... For investors as a whole, returns decrease as motion increases ~ WB
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