banker01 wrote:
Anyone with ideas on how to make the most money from an investment of 30 million in bills or bonds without risking any of it as i have to use it for an agreed payment in a year so might as well squeeze whatever i can from it?
Hi banker01,
Firstly, you might want to place some funds in a call and/or fixed deposit account to cater for any unforeseen or emergency expenses associated with the purchase which might crop up before the end of the time frame of a year.
There are some banks where you can get a higher than average interest rate on your deposits. What you need to do is to contact their Treasury department to negotiate the rate and the minimum threshold (i.e. funds) required.
Thereafter, you can allocate another portion of your funds, depending on your projected needs, in either a three month or six month treasury bill. You can be sure of getting the principal...its now a matter of how much return you will get from the treasury bonds as the rates keep trending downwards.
The funds that you place in the tills can help you in instances like - you need to place a deposit to a lawyer.
Lastly, should you desire to place some funds in treasury and/or corporate bonds as well, consider placing your funds in any of the infrastructure development bonds, the 30 year saving development bond and the KenGen corporate bond.
The three bonds are frequently traded in the market, thereby increasing your chances of getting your funds whenever you need.
Hope this helps.
Regards