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CBK T Bill returns
alutacontinua
#81 Posted : Thursday, October 15, 2015 9:50:27 PM
Rank: Member

Joined: 3/23/2011
Posts: 304
enyands wrote:
If not careful Greek we come .that's how it all started. We dont have African union to bail us out like European Union


Worst case scenario is CBK turns on the printers and we devalue the shilling....more like a Zimbabwe solution Sad

Inflation will be the key going forward and seeing as how fuel went down by 9 Ksh yesterday we might start to feel its effects soon....not to mention a possible spike in food prices after El Nino.
You dont have to be great to START but you have to start to be GREAT!!!!!!!!
kasibitta
#82 Posted : Thursday, October 15, 2015 10:02:20 PM
Rank: Member

Joined: 2/7/2014
Posts: 155
cnn wrote:
hisah wrote:
obiero wrote:
21.5% average as at today's auction. Kwisha sisi

Quote:
This week the Central Bank of Kenya offered 182 and 364 Days Treasury Bills for a total of Kshs.8 Billion. The total number of bids received was 202 amounting to Kshs.5.67 Billion representing 142% subscription and 518 bids amounting to Kshs.12.63 Billion representing 316% subscription for 182 and 364 days, respectively. Bids accepted amounted to Kshs.5.3 Billion for 182 days and Kshs.8.9 Billion for 364 days Treasury Bills. The weighted average rate of accepted bids, which will be applied for non-competitive bids, was 21.607% for the 182-day and 21.498% for 364-day Treasury Bills. The other auction statistics are summarised in the table below.


Very disorderly at the moment.

The 91 day @ 21.3%,marginally lower than for the longer tenors.I want to believe we can't go over 22%,these are wild rates.


@cnn...less than a week later, 22% printed
alutacontinua
#83 Posted : Friday, October 16, 2015 2:17:19 AM
Rank: Member

Joined: 3/23/2011
Posts: 304
Looks like there is a plan to float another Eurobond as domestic market interest rates are too high.

We are closely following Ghana who just floated their second eurobond...$1B with a yield of 10.75% backed by the World Bank. Previous one was fetching a yield of 8%

http://mobile.nation.co..../1/-/wssjj5/-/index.html
You dont have to be great to START but you have to start to be GREAT!!!!!!!!
KulaRaha
#84 Posted : Friday, October 16, 2015 8:57:20 AM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
All this massive borrowing to fund recurrent expenditure...stupidity beyond words!

What will happen when these bills mature next year?
Business opportunities are like buses,there's always another one coming
maka
#85 Posted : Friday, October 16, 2015 9:18:36 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
KulaRaha wrote:
All this massive borrowing to fund recurrent expenditure...stupidity beyond words!

What will happen when these bills mature next year?


Boss next year we are in trouble...smile
possunt quia posse videntur
Intelligentsia
#86 Posted : Friday, October 16, 2015 4:35:59 PM
Rank: Elder

Joined: 10/1/2009
Posts: 2,436
so discount window is still closed?
Impunity
#87 Posted : Friday, October 16, 2015 6:28:17 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
Intelligentsia wrote:
so discount window is still closed?


What'ya mean?
Portfolio: Sold
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Boris Boyka
#88 Posted : Friday, October 16, 2015 6:38:39 PM
Rank: Veteran

Joined: 11/15/2013
Posts: 1,977
Location: Here
Impunity wrote:
Intelligentsia wrote:
so discount window is still closed?


What'ya mean?

2hrs am still unable to figure out this.
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
Dahatre
#89 Posted : Friday, October 16, 2015 8:49:52 PM
Rank: Member

Joined: 12/21/2009
Posts: 602
In trouble is an understatement:




maka wrote:
KulaRaha wrote:
All this massive borrowing to fund recurrent expenditure...stupidity beyond words!

What will happen when these bills mature next year?


Boss next year we are in trouble...smile
Dahatre
#90 Posted : Friday, October 16, 2015 8:52:40 PM
Rank: Member

Joined: 12/21/2009
Posts: 602
As Welihye says: the Spike in 2016 is redemption of short term domestic debt FY 2013/14, 2 year TBonds done in 2014 and 6 yr IFBs 2009/2012".
13 Pages«<7891011>»
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