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Pesa Nane		#531 Posted : Thursday, February 02, 2017 10:03:47 PM
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c		maka wrote: Wekelea email I send you... wazua@googlegroups.com Pesa Nane plans to be shilingi when he grows up.
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Liv		#532 Posted : Friday, February 03, 2017 8:39:51 AM
Rank: Veteran Joined: 11/14/2006 Posts: 1,311		KulaRaha wrote: maka wrote: Issuing IFB1/2017/12Yr. Coupon 12.50%. Settlement 27-Feb-17. Maturity Date 12-Feb-29. Amortised payments: 21-Feb-22 (20%), 19-Feb-24 (45%) & 12-Feb-29 (100%). 14%+ else no one will buy this. CBK will only accept anything below CBR +4%....if everyone quotes 14% and above they might cancel the whole bond. This one is IFB ....so coupon rate grossed up is 13.9% (10% tax rate) and 14.7% ( 15% tax rate)
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KulaRaha		#533 Posted : Friday, February 03, 2017 8:49:37 AM
Rank: Elder Joined: 7/26/2007 Posts: 6,514		Liv wrote: KulaRaha wrote: maka wrote: Issuing IFB1/2017/12Yr. Coupon 12.50%. Settlement 27-Feb-17. Maturity Date 12-Feb-29. Amortised payments: 21-Feb-22 (20%), 19-Feb-24 (45%) & 12-Feb-29 (100%). 14%+ else no one will buy this. CBK will only accept anything below CBR +4%....if everyone quotes 14% and above they might cancel the whole bond. This one is IFB ....so coupon rate grossed up is 13.9% (10% tax rate) and 14.7% ( 15% tax rate) Let them cancel. They cancelled the last one too. At some stage, they'll come begging... Business opportunities are like buses,there's always another one coming
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snipermnoma		#534 Posted : Friday, February 03, 2017 10:03:47 AM
Rank: Member Joined: 1/3/2014 Posts: 257		Pesa Nane wrote: maka wrote: Wekelea email I send you... wazua@googlegroups.com snipermnoma@gmail.com
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Scubidu		#535 Posted : Friday, February 03, 2017 10:13:26 AM
Rank: Veteran Joined: 9/4/2009 Posts: 700 Location: Nairobi		KulaRaha wrote: maka wrote: Issuing IFB1/2017/12Yr. Coupon 12.50%. Settlement 27-Feb-17. Maturity Date 12-Feb-29. Amortised payments: 21-Feb-22 (20%), 19-Feb-24 (45%) & 12-Feb-29 (100%). 14%+ else no one will buy this. Kenyans always looking for super normal profits. Are we just punishing the government for leakages and spending inefficiencies? “We are the middle children of history man, no purpose or place. We have no great war, no great depression. Our great war is a spiritual war, our great depression is our lives!" – Tyler Durden
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maka		#536 Posted : Friday, February 03, 2017 11:13:30 AM
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi		snipermnoma wrote: Pesa Nane wrote: maka wrote: Wekelea email I send you... wazua@googlegroups.com snipermnoma@gmail.com Sent... possunt quia posse videntur
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Pesa Nane		#537 Posted : Friday, February 03, 2017 2:28:51 PM
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c		maka wrote: snipermnoma wrote: Pesa Nane wrote: maka wrote: Wekelea email I send you... wazua@googlegroups.com snipermnoma@gmail.com Sent... Not received Pesa Nane plans to be shilingi when he grows up.
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maka		#538 Posted : Friday, February 03, 2017 3:04:05 PM
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi		Pesa Nane wrote: maka wrote: snipermnoma wrote: Pesa Nane wrote: maka wrote: Wekelea email I send you... wazua@googlegroups.com snipermnoma@gmail.com Sent... Not received Hiyo yenu ya groups imekataa...ambia sniper awatumie...amepata yeye. possunt quia posse videntur
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Liv		#539 Posted : Friday, February 03, 2017 11:59:30 PM
Rank: Veteran Joined: 11/14/2006 Posts: 1,311		KulaRaha wrote: Liv wrote: KulaRaha wrote: maka wrote: Issuing IFB1/2017/12Yr. Coupon 12.50%. Settlement 27-Feb-17. Maturity Date 12-Feb-29. Amortised payments: 21-Feb-22 (20%), 19-Feb-24 (45%) & 12-Feb-29 (100%). 14%+ else no one will buy this. CBK will only accept anything below CBR +4%....if everyone quotes 14% and above they might cancel the whole bond. This one is IFB ....so coupon rate grossed up is 13.9% (10% tax rate) and 14.7% ( 15% tax rate) Let them cancel. They cancelled the last one too. At some stage, they'll come begging... You can't win against a government ...sorry. Didn't you note most of the funds rejected in the cancelled bond ended up in the Treasury bills? Bids for 182 and 364 days totaled 23 billion this week and CBK took 21b of these.....at flat interest rates.
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Dahatre		#540 Posted : Saturday, February 04, 2017 9:37:18 AM
Rank: Member Joined: 12/21/2009 Posts: 602		Guys: I have question: Has any of you played around with layered (laddered?) buys/bids of Tbills? Been toying with the idea as a method to catch rising rates since I missed the huge run-ups we had a couple of years back-cuz money was tied up in a 364-day T-bill. The way it would work if I had ~600K and wanted to bid on an 182-day bill: I would bid 100K each month, for six months-continuously. I would then have some chums every month in a cyclic manner so that I am ready to jump into better rates if and when they come up instead of tying up my whole 600K in a single 182-day bid. Could also work with 91-day bills. Heck, I suppose one could bid every week there was an auction throughout the year.... Thoughts? TIA.
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