@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...

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?

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

An appropriate investment instrument for @Nabwire

Be patriotic & wire us some USDs

Some Info here to ponder...
This particular Infrastructure Bond (IFB) has an effective nominal return (Coupon) at 13.200% because of its tax exemption clause. Remember w/tax on discount and interest/coupon earnings on Kenyan treasury bonds up to 10 years maturity is 15% while for those higher than 10 yrs is 10%. The other key thing for a potential investor to note is that no matter how long a life a bond has, it can always be a liquid instrument provided the secondary market is active enough, trading platforms efficient and papers (bonds) popular. Kenyan bonds segment at the NSE is one such market where even more initiatives are being put in place to increase liquidity and efficiency. This therefore meaning u can sell/buy bonds anytime the price is favorable to you, making unimaginable capital gains. You therefore don't have to wait for the expiry of the full life of your bond. Bond market is bullish when interest rates are on a decline trend and vice versa for bearish.
This particular IFB again offers an attractive feature of amortization at the 4th and 8th years meaning that effectively, investors putting in about 1-5M will be investing in a 4 year bond at 13.200% and still u can dispose it at a profit at the NSE any time before expiry of this period, even earlier like in 2-years.The Tap window allows you to buy initial or additional units of the bond directly from CBK anytime until February 2011.

@The Deal ......exactly, that's the deal i would say. A speculative chap would do just that. Potential returns are both handsome.