Impunity wrote:maka wrote:AndyC wrote:Ericsson wrote:maka wrote:gatoho wrote:What happened to Infrastructure bonds? Nimeemaliza pesa nikigoja
Hadi next year...
Hadi 2021;
Last year there was one in Nov, the year before it was in 0ct. The Nov schedule from CBK is not out yet.Any proof from team 2019 or 2021?
Ummh rem IFBs have an amortisation aspect to them... I believe they are avoiding that for now.. They will stick to longer dated bonds to increase average maturity period.
What do you mean in layman's language,the Amortization aspect.
Unlike traditional normal straight vanilla bonds... The IFB pays back some amount before maturity date.... In the case of IFB 14....IFB1/2018/15....You will be paid 40% of your fig (if its unencumbered /not in lien) in 2028...then the 60% at maturity date I.e in 2033....Amounts up to 1m that are not encumbered will be redeemed in full during the 1st amortisation date.... The traditional bonds pay invested principal once at maturity....
Check it out from the calc....

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