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12-Year Infrastructure Bond
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wanyuru
#21 Posted : Tuesday, September 13, 2011 10:14:37 AM
Rank: Veteran

Joined: 11/29/2007
Posts: 948
mukiha wrote:
Ali Baba wrote:
AMOLO:Stop lying(this is not Hague),Non-Competitive bids maximum ceiling is Ksh 10 million and not shs20 million like you allege. Check the CBK website for confirmation.


I think @Amolo was only trying to clarify that there is no lower limit for competitive bids as long as they are above 50k.

@Maka had suggested that one needs at least 20m to make a competitive bid. The truth is that while there is an upper limit for non-competitive bids, there isn't a lower one for competitive bids.


Minimum amount to invest in an Infrastructure bond is Ksh 100,000.00 ( Ksh 50,000.00 for conventional bonds). Competitive bids are open to any investor as long as they meet the minimum amount. There is no maximum.

and oh,this one is open to the Kenyan diaspora.
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maka
#22 Posted : Tuesday, September 13, 2011 10:58:35 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Ali Baba wrote:
AMOLO:Stop lying(this is not Hague),Non-Competitive bids maximum ceiling is Ksh 10 million and not shs20 million like you allege. Check the CBK website for confirmation.

@Ali baba it used to be 10 Million but they changed to 20 Million
Thanks Mukiha and Amolo for the clarification on the competitive bidding amount...
possunt quia posse videntur
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mzeekijana
#23 Posted : Friday, September 16, 2011 10:48:08 AM
Rank: Member

Joined: 11/12/2010
Posts: 111
Location: MOMBASA
[/quote]

and oh,this one is open to the Kenyan diaspora.[/quote]


What does it mean "Open to the Kenyan diaspora" were thya not allowed before?
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wanyuru
#24 Posted : Friday, September 16, 2011 12:05:37 PM
Rank: Veteran

Joined: 11/29/2007
Posts: 948
mzeekijana wrote:


and oh,this one is open to the Kenyan diaspora.[/quote]


What does it mean "Open to the Kenyan diaspora" were thya not allowed before? [/quote]

They can now participate directly without having to go through nominee accounts. Previously, it was not possible for Kenyans in Diaspora to make payments for their bids directly to CBK (or through CBK correspondence banks abroad)....There was a requirement that disposal instructions must be of a Bank a/c operated in KE

91-days recorded 12.570% this week.... The Infrastructure bond has a tap window....@ KIzee, Cde et al any word on this one?
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Sober
#25 Posted : Wednesday, September 21, 2011 5:44:23 PM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
T-bill rates reach a 10-year high: 12.57% and 11.94% for the 91-day and 182-day T-bill respectively. what is happening to the market?
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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kizee1
#26 Posted : Wednesday, September 21, 2011 9:42:59 PM
Rank: Member

Joined: 9/29/2010
Posts: 679
Location: nairobi
wanyuru wrote:
mzeekijana wrote:


and oh,this one is open to the Kenyan diaspora.



What does it mean "Open to the Kenyan diaspora" were thya not allowed before? [/quote]

They can now participate directly without having to go through nominee accounts. Previously, it was not possible for Kenyans in Diaspora to make payments for their bids directly to CBK (or through CBK correspondence banks abroad)....There was a requirement that disposal instructions must be of a Bank a/c operated in KE

91-days recorded 12.570% this week.... The Infrastructure bond has a tap window....@ KIzee, Cde et al any word on this one?

[/quote]

think ur better of with a tbill the cbk is deliberately depresin rates to ensure suces of this paper...avoid any long term papers
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MatataMingi
#27 Posted : Wednesday, September 21, 2011 10:20:29 PM
Rank: Member

Joined: 11/17/2009
Posts: 399
Location: Where everyone knows you
@ Sober & Kizee1. the rates yields) for this weeks auction ( value dated Sept 26 ) are as follows

- 182 day T-Bill 12.622
- 2 year bond 13.897 ( coupon is 10.5)

Things are going elephant !!!. Forget NSE for the moment. This is where the money is
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hisah
#28 Posted : Wednesday, September 21, 2011 10:30:40 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Sober wrote:
T-bill rates reach a 10-year high: 12.57% and 11.94% for the 91-day and 182-day T-bill respectively. what is happening to the market?

Gubberment currently has a big craving for local debt. The drug sellers have noted the junkies appetite & hiked the price. In short with CBK being disorderly with funny policies, nobody will trust them with their money. So if the local debt junkie wants more drugs (funding) from me with disorderly policies, lazima walipe premium kubwa. He who holds the gold runs the market... Banks & large funds hold a loaded barrel on treasury... These premiums will hurt the economy as lending becomes expensive. Get ready for a recession...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Cde Monomotapa
#29 Posted : Wednesday, September 21, 2011 11:02:28 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Infrastructure (bond)=development (not recession) the very 1st ones ranged 12-14% and maan...the roads e.t.c are good!!
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Cde Monomotapa
#30 Posted : Wednesday, September 21, 2011 11:04:23 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
An appropriate investment instrument for @Nabwire smile
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