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M-Akiba treasury bonds via mobile
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KulaRaha
#21 Posted : Tuesday, September 29, 2015 7:56:33 AM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
Desperation for money since CBK is so far behind budget on their borrowing. Wonder what the money will be wasted on?
Business opportunities are like buses,there's always another one coming
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Impunity
#22 Posted : Tuesday, September 29, 2015 9:10:45 AM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
alutacontinua wrote:
CBK this month offered a 1 year treasury bond for Ksh. 30B with the average redemption yield of 19.062%. Uptake of this bond was 88.35% (Ksh. 26.505B)

https://www.centralbank....2028.09.2015updated.pdf

Thinking they will offer a slightly higher yield to attract flows.

Its interesting to note that the next bond auction at CBK will be on 26th October days after the M-Akiba launch.


Is this 5B 26th October bond exclusively for Mpesa peasnts only or I can still access it through my normal way?
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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kayhara
#23 Posted : Tuesday, September 29, 2015 9:31:55 AM
Rank: Veteran

Joined: 5/5/2011
Posts: 1,059
Going by the rate ordinary guys are locking funds in mshwari, then if they learn that they can lock the little money they have in T.B from serikali then CBK will have succeeded, plus if they market them on the many fm stations = success
To Each His Own
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bird_man
#24 Posted : Tuesday, September 29, 2015 9:35:27 AM
Rank: Veteran

Joined: 11/2/2006
Posts: 1,206
Location: Nairobi
kayhara wrote:
Going by the rate ordinary guys are locking funds in mshwari, then if they learn that they can lock the little money they have in T.B from serikali then CBK will have succeeded, plus if they market them on the many fm stations = success

The kawaida Wanjiku will want to cash out in 1 or 2 months even when intention was to stay for long.What then?Secondary market at unfavourable rates?
Formally employed people often live their employers' dream & forget about their own.
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maka
#25 Posted : Tuesday, September 29, 2015 9:43:06 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
bird_man wrote:
kayhara wrote:
Going by the rate ordinary guys are locking funds in mshwari, then if they learn that they can lock the little money they have in T.B from serikali then CBK will have succeeded, plus if they market them on the many fm stations = success

The kawaida Wanjiku will want to cash out in 1 or 2 months even when intention was to stay for long.What then?Secondary market at unfavourable rates?


Rediscounting...
possunt quia posse videntur
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alutacontinua
#26 Posted : Tuesday, September 29, 2015 10:04:09 AM
Rank: Member

Joined: 3/23/2011
Posts: 304
Impunity wrote:
alutacontinua wrote:
CBK this month offered a 1 year treasury bond for Ksh. 30B with the average redemption yield of 19.062%. Uptake of this bond was 88.35% (Ksh. 26.505B)

https://www.centralbank....2028.09.2015updated.pdf

Thinking they will offer a slightly higher yield to attract flows.

Its interesting to note that the next bond auction at CBK will be on 26th October days after the M-Akiba launch.


Is this 5B 26th October bond exclusively for Mpesa peasnts only or I can still access it through my normal way?


@impunity it sounds like this particular infrastructure bond is exclusive to mobile money.

@mlennyma the interest rate for the bond will be released by CBK on 16th of October i believe. (BD indicating it will be close to 13.2%) I expect there to be a flood of adverts in the media.

Going forward it will be interesting to see what other purchase options M-Akiba will have.
You dont have to be great to START but you have to start to be GREAT!!!!!!!!
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Impunity
#27 Posted : Tuesday, September 29, 2015 10:14:01 AM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
alutacontinua wrote:
Impunity wrote:
alutacontinua wrote:
CBK this month offered a 1 year treasury bond for Ksh. 30B with the average redemption yield of 19.062%. Uptake of this bond was 88.35% (Ksh. 26.505B)

https://www.centralbank....2028.09.2015updated.pdf

Thinking they will offer a slightly higher yield to attract flows.

Its interesting to note that the next bond auction at CBK will be on 26th October days after the M-Akiba launch.


Is this 5B 26th October bond exclusively for Mpesa peasnts only or I can still access it through my normal way?


@impunity it sounds like this particular infrastructure bond is exclusive to mobile money.

@mlennyma the interest rate for the bond will be released by CBK on 16th of October i believe. (BD indicating it will be close to 13.2%) I expect there to be a flood of adverts in the media.

Going forward it will be interesting to see what other purchase options M-Akiba will have.


13.2% is meager considering that 91 Day T-Bill is expected to rally at 20% by mid October to year end.
Wacha Wanjiku wachinjwe.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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watesh
#28 Posted : Tuesday, September 29, 2015 10:19:47 AM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
hisah wrote:
Tbond IPO... How many wanjikus are informed on tbonds/tbills? This is what will determine if this 'tbond IPO' is a success. This will be an interesting case study.

How much is mpesa bank going to earn apart from mpesa fees? Any transaction fees like banks when they place bond bids on your behalf? When this market gets popular those fees will be a serious cash cow!! At some point mpesa bank will be split from the telco part to aid in better supervision.

With those transaction charges of investing and extra charges when it comes to withdrawing cash at maturity, MEGA CASH COW. A whole extra 5 billion moving through platform away from the normal transactions. (Safaricom never offers services for free when it comes to mpesa ...never!!)
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mlennyma
#29 Posted : Tuesday, September 29, 2015 10:25:31 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
I heard the Cs saying they will offer a higher interest than what banks are offering then I concluded they want to take advantage of wanjikus who don't know other better rates in money markets.
"Don't let the fear of losing be greater than the excitement of winning."
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bird_man
#30 Posted : Tuesday, September 29, 2015 11:02:18 AM
Rank: Veteran

Joined: 11/2/2006
Posts: 1,206
Location: Nairobi
mlennyma wrote:
I heard the Cs saying they will offer a higher interest than what banks are offering then I concluded they want to take advantage of wanjikus who don't know other better rates in money markets.


But surely why start with a 5Yr Bond? I hope that is clear to Wanjikus.
Formally employed people often live their employers' dream & forget about their own.
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