Wazua
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Imperial Bank Bond- 15 %
Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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Amount : 2 Birrion Period : 5.25 Years Interest rate : 15% p.a www.businessdailyafrica....70/-/y9xkiw/-/index.htmlEverybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: New-farer Joined: 4/8/2015 Posts: 42
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How much with holding tax rate applied?
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Sevian wrote:How much with holding tax rate applied? I believe 12.75%...not bad at all. possunt quia posse videntur
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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maka wrote:Sevian wrote:How much with holding tax rate applied? I believe 12.75%...not bad at all. 15% annual interest, 12.75% withholding tax on interest. So, for KES1,000,000.00, thats 131,250.00 annually, or, 10,937.50 monthly for 5 years. It's better than a second hand Toyota. Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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Am getting very interetsed.
with bonds when does one earn the interest , is it after maturity , does compounding work here ?
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Rank: Member Joined: 6/26/2008 Posts: 384
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streetwise wrote:Am getting very interetsed.
with bonds when does one earn the interest , is it after maturity , does compounding work here ?
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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xtina wrote:streetwise wrote:Am getting very interested.
with bonds when does one earn the interest , is it after maturity , does compounding work here ? My 2 cents. It should be specified in the Information Memorandum or whatever it is called in the bonds section. There are those that pay quarterly and those that pay annually. At the end of the period, in the case of Imperial Bank its 5.25 years, you get your full money back plus the interest accrued between the last payment and the "end" date. And on compounding, i am yet to see such an arrangement. Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Member Joined: 8/17/2007 Posts: 294
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better rates are coming...
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Rank: Member Joined: 5/6/2011 Posts: 391 Location: Nairobi
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dunkang wrote:xtina wrote:streetwise wrote:Am getting very interested.
with bonds when does one earn the interest , is it after maturity , does compounding work here ? My 2 cents. It should be specified in the Information Memorandum or whatever it is called in the bonds section. There are those that pay quarterly and those that pay annually. At the end of the period, in the case of Imperial Bank its 5.25 years, you get your full money back plus the interest accrued between the last payment and the "end" date. And on compounding, i am yet to see such an arrangement. If a bank pulled a Dubai bank after issuing a bond , what would happen? "You can't have everything. Where would you put it?" - Stephen Wright
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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instinct wrote:better rates are coming... Most definitely...the cutoff for the 2 year was 15.90% ...96.91 for every 100...a return of 11.07% after tax. possunt quia posse videntur
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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Speculz wrote:dunkang wrote:xtina wrote:streetwise wrote:Am getting very interested.
with bonds when does one earn the interest , is it after maturity , does compounding work here ? My 2 cents. It should be specified in the Information Memorandum or whatever it is called in the bonds section. There are those that pay quarterly and those that pay annually. At the end of the period, in the case of Imperial Bank its 5.25 years, you get your full money back plus the interest accrued between the last payment and the "end" date. And on compounding, i am yet to see such an arrangement. If a bank pulled a Dubai bank after issuing a bond , what would happen? @Speculz That was my concern Exactly. Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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Boris Boyka wrote:Speculz wrote:dunkang wrote:xtina wrote:streetwise wrote:Am getting very interested.
with bonds when does one earn the interest , is it after maturity , does compounding work here ? My 2 cents. It should be specified in the Information Memorandum or whatever it is called in the bonds section. There are those that pay quarterly and those that pay annually. At the end of the period, in the case of Imperial Bank its 5.25 years, you get your full money back plus the interest accrued between the last payment and the "end" date. And on compounding, i am yet to see such an arrangement. If a bank pulled a Dubai bank after issuing a bond , what would happen? @Speculz That was my concern Exactly. Any investment is a risk. All we need to do is evaluate the "riskiness" and the "profit" from an investment. A look at Imperial Bank website reveals the following; The Board of Directors consists of:-------- Name (Nationality) --------- Position Mr. Alnashir Popat (Kenyan) --------- Chairman Mr. Abdulmalek Janmohamed (Kenyan) -- Group Managing Director Mr. Anwar Hajee (Kenyan) ------------ Non-Executive Mr. Jinit Shah (Kenyan) ------------- Non-Executive Mr. Mukesh Patel (Kenyan) ----------- Non-Executive Mr. Vishnu Dhutia (Kenyan) ---------- Non-Executive Mr. Hanif Somji (Kenyan) ------------ Non-Executive Directors and ManagersName ------------------- Position Abdulmalek Janmohamed -- Group Managing Director Naeem Shah ------------- Head of Credit Nina Shah -------------- Head of Treasury James Kaburu ----------- Chief Finance Officer Sanjeet Shah ----------- Head of Corporate Banking Kalpesh Jotangia ------- Head of Retail Banking Anil Shah -------------- Head of Internal Audit Muthoni Wachira -------- Head of Marketing & Communications Don Ochola ------------- Head of IT Ikua Gacheche ---------- Head of Human Resources Naushad Haleem --------- Head of Operations Mehbooba Shamji -------- Senior Business Development Manager Vishvesh Shah ---------- Unit Area Manager – Nairobi Mustaq Dar ------------- Unit Area Manager – Mombasa and Diani Correct me if am wrong, but, Janmohamed is in very many boards of listed companies. Alnashir Popat is a serial investor. I can trust these two fellows. Receive with simplicity everything that happens to you.” ― Rashi
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Rank: New-farer Joined: 1/9/2015 Posts: 19 Location: NAIROBI
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Speculz wrote:dunkang wrote:xtina wrote:streetwise wrote:Am getting very interested.
with bonds when does one earn the interest , is it after maturity , does compounding work here ? My 2 cents. It should be specified in the Information Memorandum or whatever it is called in the bonds section. There are those that pay quarterly and those that pay annually. At the end of the period, in the case of Imperial Bank its 5.25 years, you get your full money back plus the interest accrued between the last payment and the "end" date. And on compounding, i am yet to see such an arrangement. If a bank pulled a Dubai bank after issuing a bond , what would happen? that is why there are event risks involved that you should be cognizant of before jumping in with your 2 feet. 15% is too high and highly unsustainable given its tenor. to me it is a junk bond, but who am i to credit rate it???
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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dunkang wrote:Boris Boyka wrote:Speculz wrote:dunkang wrote:xtina wrote:streetwise wrote:Am getting very interested.
with bonds when does one earn the interest , is it after maturity , does compounding work here ? My 2 cents. It should be specified in the Information Memorandum or whatever it is called in the bonds section. There are those that pay quarterly and those that pay annually. At the end of the period, in the case of Imperial Bank its 5.25 years, you get your full money back plus the interest accrued between the last payment and the "end" date. And on compounding, i am yet to see such an arrangement. If a bank pulled a Dubai bank after issuing a bond , what would happen? @Speculz That was my concern Exactly. Any investment is a risk. All we need to do is evaluate the "riskiness" and the "profit" from an investment. A look at Imperial Bank website reveals the following; The Board of Directors consists of:-------- Name (Nationality) --------- Position Mr. Alnashir Popat (Kenyan) --------- Chairman Mr. Abdulmalek Janmohamed (Kenyan) -- Group Managing Director Mr. Anwar Hajee (Kenyan) ------------ Non-Executive Mr. Jinit Shah (Kenyan) ------------- Non-Executive Mr. Mukesh Patel (Kenyan) ----------- Non-Executive Mr. Vishnu Dhutia (Kenyan) ---------- Non-Executive Mr. Hanif Somji (Kenyan) ------------ Non-Executive Directors and ManagersName ------------------- Position Abdulmalek Janmohamed -- Group Managing Director Naeem Shah ------------- Head of Credit Nina Shah -------------- Head of Treasury James Kaburu ----------- Chief Finance Officer Sanjeet Shah ----------- Head of Corporate Banking Kalpesh Jotangia ------- Head of Retail Banking Anil Shah -------------- Head of Internal Audit Muthoni Wachira -------- Head of Marketing & Communications Don Ochola ------------- Head of IT Ikua Gacheche ---------- Head of Human Resources Naushad Haleem --------- Head of Operations Mehbooba Shamji -------- Senior Business Development Manager Vishvesh Shah ---------- Unit Area Manager – Nairobi Mustaq Dar ------------- Unit Area Manager – Mombasa and Diani Correct me if am wrong, but, Janmohamed is in very many boards of listed companies. Alnashir Popat is a serial investor. I can trust these two fellows. You are wrong. This Janmohamed is not the same as the one who was in Serena et al. This one is CEO and also a shareholder, holding shares via proxy. Business opportunities are like buses,there's always another one coming
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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agile wrote:Speculz wrote:dunkang wrote:xtina wrote:streetwise wrote:Am getting very interested.
with bonds when does one earn the interest , is it after maturity , does compounding work here ? My 2 cents. It should be specified in the Information Memorandum or whatever it is called in the bonds section. There are those that pay quarterly and those that pay annually. At the end of the period, in the case of Imperial Bank its 5.25 years, you get your full money back plus the interest accrued between the last payment and the "end" date. And on compounding, i am yet to see such an arrangement. If a bank pulled a Dubai bank after issuing a bond , what would happen? that is why there are event risks involved that you should be cognizant of before jumping in with your 2 feet. 15% is too high and highly unsustainable given its tenor. to me it is a junk bond, but who am i to credit rate it??? Its not too high...that is where the market is their timing was just wrong. possunt quia posse videntur
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Quote:Imperial Bank Limited has received approval from the Capital Markets Authority for the offer to the public and listing of fixed rate notes of the the aggregate principal amount of up to Kenya Shillings two billion (KES 2,000,000,000) (the "Notes") on the Fixed Income Securities Market ("FISM") of the Nairobi Securities Exchange Limited. Key details of the offer of the Notes are indicated below:  Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 12/25/2014 Posts: 2,300 Location: kenya
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Pesa Nane wrote:Quote:Imperial Bank Limited has received approval from the Capital Markets Authority for the offer to the public and listing of fixed rate notes of the the aggregate principal amount of up to Kenya Shillings two billion (KES 2,000,000,000) (the "Notes") on the Fixed Income Securities Market ("FISM") of the Nairobi Securities Exchange Limited. Key details of the offer of the Notes are indicated below: Pesanane if you breakdown all these jugons above if I put one million and chose not to take the 15% interest ,can they replough it so that it can work on compound interest pattern ama it's a simple interest method where you have to take the 15% semi annually
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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enyands wrote:Pesa Nane wrote:Quote:Imperial Bank Limited has received approval from the Capital Markets Authority for the offer to the public and listing of fixed rate notes of the the aggregate principal amount of up to Kenya Shillings two billion (KES 2,000,000,000) (the "Notes") on the Fixed Income Securities Market ("FISM") of the Nairobi Securities Exchange Limited. Key details of the offer of the Notes are indicated below: Pesanane if you breakdown all these jugons above if I put one million and chose not to take the 15% interest ,can they replough it so that it can work on compound interest pattern ama it's a simple interest method where you have to take the 15% semi annually Bond is a one time loan (as opposed to an account) so simple interest at fixed payment periods. Example: Invest Ksh 1,000,000.00 Annual Interest at 15% = Ksh. 150,000.00 Amount payable semi-annually = Ksh. 75,000.00 less 15% (Ksh 11,250.00) WHT if you are not exempt Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Rank: Member Joined: 1/31/2007 Posts: 303
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Speculz wrote:dunkang wrote:xtina wrote:streetwise wrote:Am getting very interested.
with bonds when does one earn the interest , is it after maturity , does compounding work here ? My 2 cents. It should be specified in the Information Memorandum or whatever it is called in the bonds section. There are those that pay quarterly and those that pay annually. At the end of the period, in the case of Imperial Bank its 5.25 years, you get your full money back plus the interest accrued between the last payment and the "end" date. And on compounding, i am yet to see such an arrangement. If a bank pulled a Dubai bank after issuing a bond , what would happen? Imperial bank receivershipWhat did you Know???
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Imperial Bank Bond- 15 %
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