Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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jmbada wrote:guru267 wrote:jmbada wrote:guru267 wrote:Eurobond will be 6%-7%... Thanks for your input. I was attempting something slightly different here, though. What would YOU truly demand for a loan to govt. of Kenya in foreign currency, i.e. Eurobond. I was trying to get the views of a range of Kenyan investors (both based locally and diaspora), who have a close view of Kenya due to having invested / lived here over a long period. So to re-frame: If you had, say an investment portfolio of USD10MM, and maybe 10%-20% of it was targeting EM bonds. How much of it would you commit to this Eurobond and what rate would you demand for you to feel you're getting an adequate return? For me, I'd probably be okay bidding USD1MM at 5.5%. Anything above that would be cream on top. So if it comes out at 7%, I'd be quite pleased with this outcome! Wazuan thoughts? I would throw in USD1M also but at 7%... Mainly because Kenya is rated B+ and AAA bond rates are rising fast this year and beyond! Thanks. Any other takers / bids? Remember, when, bidding, we're assuming you're ACTUALLY looking for yield and if you're too demanding on the yield, you're bid will be rejected outright! ................... Rem last year Rwanda issued a 10 year bond,$400 million with a coupon of 6.625% the small amount (as compared to what we are asking for) made it attractive...now if we combine the tenor,the amount and other external factors il go with 7.25% to 7.75%... possunt quia posse videntur
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