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Treasury Bills and Bonds
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maka
#691 Posted : Tuesday, May 09, 2017 7:05:54 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi

FXD 2/2010/10 and FXD1/2009/15
possunt quia posse videntur
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Taurrus
#692 Posted : Tuesday, May 09, 2017 8:49:45 PM
Rank: Member

Joined: 8/25/2015
Posts: 839
Location: Kite
maka wrote:

FXD 2/2010/10 and FXD1/2009/15

Long ago you started !
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Impunity
#693 Posted : Tuesday, May 09, 2017 9:34:22 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
maka wrote:

FXD 2/2010/10 and FXD1/2009/15


What is the coupon?

And by the way that EABL paper at 14.17% looks so so yummy...anyone?
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Taurrus
#694 Posted : Saturday, May 13, 2017 11:13:17 AM
Rank: Member

Joined: 8/25/2015
Posts: 839
Location: Kite
Taurrus wrote:
maka wrote:

FXD 2/2010/10 and FXD1/2009/15

Long ago you started !


Are there other hidden charges apart from WT?
Maths don't add up , lets work with 100K and 10.929% weighted average, 364 day, how much do one submit to CBK?
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maka
#695 Posted : Monday, May 15, 2017 4:07:13 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Taurrus wrote:
Taurrus wrote:
maka wrote:

FXD 2/2010/10 and FXD1/2009/15

Long ago you started !


Are there other hidden charges apart from WT?
Maths don't add up , lets work with 100K and 10.929% weighted average, 364 day, how much do one submit to CBK?


0 hidden charges...thats for which paper?Check the prospectus here...

https://www.centralbank....17%20-%20Prospectus.pdf

lets work with 2/10/10 which is effectively a 3 year paper...

Year YIELDS FOR THE WEEK ENDING
91 day 8.7260
182 day 10.4070
1 10.9290
2 11.9093
3 12.3584
4 12.4816

From the NSE yield curve a 3 year paper should be trading at 12.3584...If you bid and get the paper at roughly 12.5% you will pay 91.305 for every 100...you will remit 91,350 to CBK...




possunt quia posse videntur
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  | | Edit by user: Monday, May 15, 2017 11:15 AM | Reason: Not specified
maka
#696 Posted : Monday, May 15, 2017 11:23:46 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Impunity wrote:
maka wrote:

FXD 2/2010/10 and FXD1/2009/15


What is the coupon?

And by the way that EABL paper at 14.17% looks so so yummy...anyone?


12.0445% net...
possunt quia posse videntur
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Taurrus
#697 Posted : Monday, May 15, 2017 1:02:34 PM
Rank: Member

Joined: 8/25/2015
Posts: 839
Location: Kite
maka wrote:
Taurrus wrote:
Taurrus wrote:
maka wrote:

FXD 2/2010/10 and FXD1/2009/15

Long ago you started !


Are there other hidden charges apart from WT?
Maths don't add up , lets work with 100K and 10.929% weighted average, 364 day, how much do one submit to CBK?


0 hidden charges...thats for which paper?Check the prospectus here...

https://www.centralbank....17%20-%20Prospectus.pdf

lets work with 2/10/10 which is effectively a 3 year paper...

Year YIELDS FOR THE WEEK ENDING
91 day 8.7260
182 day 10.4070
1 10.9290
2 11.9093
3 12.3584
4 12.4816

From the NSE yield curve a 3 year paper should be trading at 12.3584...If you bid and get the paper at roughly 12.5% you will pay 91.305 for every 100...you will remit 91,350 to CBK...







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%
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maka
#698 Posted : Monday, May 15, 2017 1:12:38 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Taurrus wrote:
maka wrote:
Taurrus wrote:
Taurrus wrote:
maka wrote:

FXD 2/2010/10 and FXD1/2009/15

Long ago you started !


Are there other hidden charges apart from WT?
Maths don't add up , lets work with 100K and 10.929% weighted average, 364 day, how much do one submit to CBK?


0 hidden charges...thats for which paper?Check the prospectus here...

https://www.centralbank....17%20-%20Prospectus.pdf

lets work with 2/10/10 which is effectively a 3 year paper...

Year YIELDS FOR THE WEEK ENDING
91 day 8.7260
182 day 10.4070
1 10.9290
2 11.9093
3 12.3584
4 12.4816

From the NSE yield curve a 3 year paper should be trading at 12.3584...If you bid and get the paper at roughly 12.5% you will pay 91.305 for every 100...you will remit 91,350 to CBK...







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%


Rephrase...and note that WTH for bonds 10 years and above is 15%...
possunt quia posse videntur
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MatataMingi
#699 Posted : Monday, May 15, 2017 3:22:45 PM
Rank: Member

Joined: 11/17/2009
Posts: 399
Location: Where everyone knows you
@Maka,

Tax on 10 year and above is 10%.
Below 10 years is 15 %
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maka
#700 Posted : Monday, May 15, 2017 3:30:14 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
MatataMingi wrote:
@Maka,

Tax on 10 year and above is 10%.
Below 10 years is 15 %


Yes thats correct...mixed them up...
possunt quia posse videntur
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