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M-Akiba treasury bonds via mobile
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maka
#41 Posted : Monday, October 12, 2015 11:01:20 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Kenya set to issue KES 20bn 1-year Government bond. The Kenya Government is set to issue a KES 20bn 1-year bond on 26 October 2015.
possunt quia posse videntur
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Impunity
#42 Posted : Monday, October 12, 2015 1:14:32 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
maka wrote:
Kenya set to issue KES 20bn 1-year Government bond. The Kenya Government is set to issue a KES 20bn 1-year bond on 26 October 2015.


Is this the normal Bond ama ni Mpesa pia?
Is it tax free ama iko tax?
Drool Drool
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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alutacontinua
#43 Posted : Monday, October 12, 2015 8:03:04 PM
Rank: Member

Joined: 3/23/2011
Posts: 304
Impunity wrote:
maka wrote:
Kenya set to issue KES 20bn 1-year Government bond. The Kenya Government is set to issue a KES 20bn 1-year bond on 26 October 2015.


Is this the normal Bond ama ni Mpesa pia?
Is it tax free ama iko tax?
Drool Drool


A completely different bond (taxable) here is a link to the story

http://www.businessdaily...2/-/l1bhu9/-/index.html

At the previous auctions CBK were looking for 4Billion and as we saw last week with the t-bills, subscription rates were through the roof. Just goes to show how desperate GoK is at the moment.

The M-Akiba bond will be 5 years tax free paid out semi-annually. They have not released the official rates of the bond but should be out by the 16th of this month and auction should be on the 21st if memory serves me right.
You dont have to be great to START but you have to start to be GREAT!!!!!!!!
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alutacontinua
#44 Posted : Monday, October 12, 2015 10:15:51 PM
Rank: Member

Joined: 3/23/2011
Posts: 304
Found this pdf on the Medium Term Strategy on Debt by Treasury. We have to repay a massive 600Billion next year.

Pic: https://pbs.twimg.com/me...Izo69WEAAd9QA.jpg:large

Pdf: http://www.africanbondma..._Debt_Strategy-2015.pdf

Where is this money going to come from? Will CBK be forced to turn on the printers?
You dont have to be great to START but you have to start to be GREAT!!!!!!!!
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lochaz-index
#45 Posted : Tuesday, October 13, 2015 11:28:58 AM
Rank: Veteran

Joined: 9/18/2014
Posts: 1,127
alutacontinua wrote:
Found this pdf on the Medium Term Strategy on Debt by Treasury. We have to repay a massive 600Billion next year.

Pic: https://pbs.twimg.com/me...Izo69WEAAd9QA.jpg:large

Pdf: http://www.africanbondma..._Debt_Strategy-2015.pdf

Where is this money going to come from? Will CBK be forced to turn on the printers?


2016 outlook seems one for the ages. The government is in a strait jacket financially. More downgrades internationally means getting extra debt will be at a serious premium, couple that with overcrowding the private sector domestically and the Tbill rate won't be going down anytime soon.

In fact judging by the proposed ratio of external to domestic funding in that medium debt strategy the tbill rate is going to skyrocket with or without the M-akiba.
The main purpose of the stock market is to make fools of as many people as possible.
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S.Mutaga III
#46 Posted : Tuesday, October 13, 2015 11:55:37 AM
Rank: Member

Joined: 3/26/2012
Posts: 830
Minimum amount for investment Ksh 3000...target locked in= Wanjiku. One thing I have learned is to avoid investments tailored for Wanjiku...even in the NSE, the smart money makes the kill and Wanjiku goes home crying foul...almost always. Whenever I hear such investments meant for Wanjiku, I ignore and discourage anyone I know from investing. The best deals are hard to spot, and require effort to discover...there is no free lunch in financial markets.
A successful man is not he who gets the best, it is he who makes the best from what he gets.
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  | | Edit by user: Tuesday, October 13, 2015 11:57 AM | Reason: Not specified
Impunity
#47 Posted : Tuesday, October 13, 2015 4:01:29 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
S.Mutaga III wrote:
Minimum amount for investment Ksh 3000...target locked in= Wanjiku. One thing I have learned is to avoid investments tailored for Wanjiku...even in the NSE, the smart money makes the kill and Wanjiku goes home crying foul...almost always. Whenever I hear such investments meant for Wanjiku, I ignore and discourage anyone I know from investing. The best deals are hard to spot, and require effort to discover...there is no free lunch in financial markets.


Mpesa only allows 140K per day in transaction, how will anyone with a million KES be able to invest in this M-Akiibiwa thing?
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Mart_Consult
#48 Posted : Tuesday, October 13, 2015 5:03:12 PM
Rank: Member

Joined: 11/7/2013
Posts: 127
Location: Nairobi, Kenya
Impunity wrote:
S.Mutaga III wrote:
Minimum amount for investment Ksh 3000...target locked in= Wanjiku. One thing I have learned is to avoid investments tailored for Wanjiku...even in the NSE, the smart money makes the kill and Wanjiku goes home crying foul...almost always. Whenever I hear such investments meant for Wanjiku, I ignore and discourage anyone I know from investing. The best deals are hard to spot, and require effort to discover...there is no free lunch in financial markets.


Mpesa only allows 140K per day in transaction, how will anyone with a million KES be able to invest in this M-Akiibiwa thing?


You can buy a max Kshs. 140,000 per day using M-pesa for as long as the bond is open (available for sale)
I went into the (Ferry) industry knowing the same thing I knew with all other businesses I went into- Nothing. Then I built it from there. - Sheldon Adelson (Titans at the Table- Giants of Macau)
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Impunity
#49 Posted : Thursday, October 22, 2015 4:26:15 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
What is the status of this @Wanjiku milking?
Is it on course to commence on 26th Oct?
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Aguytrying
#50 Posted : Thursday, October 22, 2015 8:10:43 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
Impunity wrote:
What is the status of this @Wanjiku milking?
Is it on course to commence on 26th Oct?


I read it was cancelled until interest rates reduce. Ie the curve stops being inverted
The investor's chief problem - and even his worst enemy - is likely to be himself
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