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
COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21