wazua Thu, Mar 28, 2024
Welcome Guest Search | Active Topics | Log In | Register

86 Pages«<1516171819>»
Treasury Bills and Bonds
maka
#321 Posted : Tuesday, October 25, 2016 2:00:23 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Chaka wrote:
Does CBK send CDS statements to investors?


Yes there is an email indemnity form you fill....has to be signed by a witness also (this can be anyone).
possunt quia posse videntur
Impunity
#322 Posted : Tuesday, October 25, 2016 2:05:24 PM
Rank: Elder


Joined: 3/2/2009
Posts: 26,325
Location: Masada
AndyC wrote:
Angelica _ann wrote:
Impunity wrote:
Liv wrote:
Angelica _ann wrote:
AndyC wrote:
Tap sale is here. 10 billion on offer

In the tap sale does the interest automatically become 13.177% pa



Coupon rate is 12% for every Shs 100 face value. But you will be expected to pay Shs 93.529 for each Shs 100 you apply for. So the yield remains 13.177% for tap sales.


Confirm this:

So if I put say Kes. 1,000,000 I will be required to pay Kes.935,290 while still enjoy Kes.120,000 pa being 12% coupon rate? Correct

And at redemption I will get back Kes. 935,290 and NOT Kes. 1,00,000? At redemption you get 1M The difference as a discount.

Hii mambo ya Bond wengi tuko @Avogadros!

During Mbuzi, before maji enters majority, we need a presentation by @maka and @Liv on this bond business. smile




@AndyC, please the statement below is not gramatically complete...please complete it. Put puntuations as necessary, donot assume anything!
Note that we are here dealing with Millions of KES.

[color=blue]
Quote:
At redemption you get 1M The difference as a discount


d'oh!
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.

AndyC
#323 Posted : Tuesday, October 25, 2016 2:42:49 PM
Rank: Member


Joined: 4/21/2015
Posts: 151
Impunity wrote:
AndyC wrote:
Angelica _ann wrote:
Impunity wrote:
Liv wrote:
Angelica _ann wrote:
AndyC wrote:
Tap sale is here. 10 billion on offer

In the tap sale does the interest automatically become 13.177% pa



Coupon rate is 12% for every Shs 100 face value. But you will be expected to pay Shs 93.529 for each Shs 100 you apply for. So the yield remains 13.177% for tap sales.


Confirm this:

So if I put say Kes. 1,000,000 I will be required to pay Kes.935,290 while still enjoy Kes.120,000 pa being 12% coupon rate? Correct

And at redemption I will get back Kes. 935,290 and NOT Kes. 1,00,000? At redemption you get 1M. The difference (1,000,000-935,290) is a discount to the investor.

Hii mambo ya Bond wengi tuko @Avogadros!

During Mbuzi, before maji enters majority, we need a presentation by @maka and @Liv on this bond business. smile




@AndyC, please the statement below is not gramatically complete...please complete it. Put puntuations as necessary, donot assume anything!
Note that we are here dealing with Millions of KES.

[color=blue]
Quote:
At redemption you get 1M The difference as a discount


d'oh!

@Impunity, It is corrected.
Impunity
#324 Posted : Tuesday, October 25, 2016 3:01:25 PM
Rank: Elder


Joined: 3/2/2009
Posts: 26,325
Location: Masada
AndyC wrote:
Impunity wrote:
AndyC wrote:
Angelica _ann wrote:
Impunity wrote:
Liv wrote:
Angelica _ann wrote:
AndyC wrote:
Tap sale is here. 10 billion on offer

In the tap sale does the interest automatically become 13.177% pa



Coupon rate is 12% for every Shs 100 face value. But you will be expected to pay Shs 93.529 for each Shs 100 you apply for. So the yield remains 13.177% for tap sales.


Confirm this:

So if I put say Kes. 1,000,000 I will be required to pay Kes.935,290 while still enjoy Kes.120,000 pa being 12% coupon rate? Correct

And at redemption I will get back Kes. 935,290 and NOT Kes. 1,00,000? At redemption you get 1M. The difference (1,000,000-935,290) is a discount to the investor.

Hii mambo ya Bond wengi tuko @Avogadros!

During Mbuzi, before maji enters majority, we need a presentation by @maka and @Liv on this bond business. smile




@AndyC, please the statement below is not gramatically complete...please complete it. Put puntuations as necessary, donot assume anything!
Note that we are here dealing with Millions of KES.

[color=blue]
Quote:
At redemption you get 1M The difference as a discount


d'oh!

@Impunity, It is corrected.


Where is the full stop, comma etc inthis stament?

>At redemption you get 1M The difference as a discount<

Do you mean at redemption I get "my" 1 Mio plus an extra discount of say 34K in form of a discount?
Sad
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.

Chaka
#325 Posted : Tuesday, October 25, 2016 5:24:16 PM
Rank: Elder


Joined: 2/16/2007
Posts: 2,114
maka wrote:
Chaka wrote:
maka wrote:
Liv wrote:

13.177% is high being all net of tax.


Cutoff might have been as high as 13.55%

Where do you get the the market Intel from?
chakacrafts(at)email.com tafasali...


Fiti will have a chat shortly....

@maka,don't seem to have received any info on this..
Impunity
#326 Posted : Tuesday, October 25, 2016 6:23:35 PM
Rank: Elder


Joined: 3/2/2009
Posts: 26,325
Location: Masada
@when do they close shop for accepting bids for this tap issuance?
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.

maka
#327 Posted : Wednesday, October 26, 2016 7:02:03 AM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Impunity wrote:
@when do they close shop for accepting bids for this tap issuance?


possunt quia posse videntur
Impunity
#328 Posted : Wednesday, October 26, 2016 9:13:40 AM
Rank: Elder


Joined: 3/2/2009
Posts: 26,325
Location: Masada
maka wrote:
Impunity wrote:
@when do they close shop for accepting bids for this tap issuance?




Sasa hii first come first served ndio nini sasa?
Can they wait till Monday next week?
Ama matenderprenuers will take the offer by then?
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.

Liv
#329 Posted : Wednesday, October 26, 2016 10:21:20 AM
Rank: Veteran


Joined: 11/14/2006
Posts: 1,311
Impunity wrote:
maka wrote:
Impunity wrote:
@when do they close shop for accepting bids for this tap issuance?




Sasa hii first come first served ndio nini sasa?
Can they wait till Monday next week?
Ama matenderprenuers will take the offer by then?



This is just 10 billion.... One bank or a major foreign investor can just grab it all at once and the tap sale closes. So make haste if you are interested.
The funds are supposed to be transferred to CBK by either Monday 31 Oct or by 7th Nov. so you can apply now and once you get allocation you can plan to send the funds as required. You don't send the funds when you are applying.
maka
#330 Posted : Wednesday, October 26, 2016 10:23:41 AM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Liv wrote:
Impunity wrote:
maka wrote:
Impunity wrote:
@when do they close shop for accepting bids for this tap issuance?




Sasa hii first come first served ndio nini sasa?
Can they wait till Monday next week?
Ama matenderprenuers will take the offer by then?



This is just 10 billion.... One bank or a major foreign investor can just grab it all at once and the tap sale closes. So make haste if you are interested.
The funds are supposed to be transferred to CBK by either Monday 31 Oct or by 7th Nov. so you can apply now and once you get allocation you can plan to send the funds as required. You don't send the funds when you are applying.


Remeber also some maturities checked in...the October 2015 1 year that had a coupon of 22%...So pesa iko.
possunt quia posse videntur
Impunity
#331 Posted : Wednesday, October 26, 2016 10:37:29 AM
Rank: Elder


Joined: 3/2/2009
Posts: 26,325
Location: Masada
Liv wrote:
Impunity wrote:
maka wrote:
Impunity wrote:
@when do they close shop for accepting bids for this tap issuance?




Sasa hii first come first served ndio nini sasa?
Can they wait till Monday next week?
Ama matenderprenuers will take the offer by then?



This is just 10 billion.... One bank or a major foreign investor can just grab it all at once and the tap sale closes. So make haste if you are interested.
The funds are supposed to be transferred to CBK by either Monday 31 Oct or by 7th Nov. so you can apply now and once you get allocation you can plan to send the funds as required. You don't send the funds when you are applying.


But CBK is so analogue, I need to go there to apply, they dont have anything online!

Sad
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.

Pesa Nane
#332 Posted : Wednesday, October 26, 2016 12:30:36 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Impunity wrote:
Liv wrote:
Impunity wrote:
maka wrote:
Impunity wrote:
@when do they close shop for accepting bids for this tap issuance?




Sasa hii first come first served ndio nini sasa?
Can they wait till Monday next week?
Ama matenderprenuers will take the offer by then?



This is just 10 billion.... One bank or a major foreign investor can just grab it all at once and the tap sale closes. So make haste if you are interested.
The funds are supposed to be transferred to CBK by either Monday 31 Oct or by 7th Nov. so you can apply now and once you get allocation you can plan to send the funds as required. You don't send the funds when you are applying.


But CBK is so analogue, I need to go there to apply, they dont have anything online!

Sad


You don't need to go anywhere to apply. Download the form, fill and send back electronically. Email, that is.
Pesa Nane plans to be shilingi when he grows up.
Angelica _ann
#333 Posted : Wednesday, October 26, 2016 12:34:08 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,901
Pesa Nane wrote:
Impunity wrote:
Liv wrote:
Impunity wrote:
maka wrote:
Impunity wrote:
@when do they close shop for accepting bids for this tap issuance?




Sasa hii first come first served ndio nini sasa?
Can they wait till Monday next week?
Ama matenderprenuers will take the offer by then?



This is just 10 billion.... One bank or a major foreign investor can just grab it all at once and the tap sale closes. So make haste if you are interested.
The funds are supposed to be transferred to CBK by either Monday 31 Oct or by 7th Nov. so you can apply now and once you get allocation you can plan to send the funds as required. You don't send the funds when you are applying.


But CBK is so analogue, I need to go there to apply, they dont have anything online!

Sad


You don't need to go anywhere to apply. Download the form, fill and send back electronically. Email, that is.

He is the one who is analogue smile
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Impunity
#334 Posted : Wednesday, October 26, 2016 1:07:35 PM
Rank: Elder


Joined: 3/2/2009
Posts: 26,325
Location: Masada
Angelica _ann wrote:
Pesa Nane wrote:
Impunity wrote:
Liv wrote:
Impunity wrote:
maka wrote:
Impunity wrote:
@when do they close shop for accepting bids for this tap issuance?




Sasa hii first come first served ndio nini sasa?
Can they wait till Monday next week?
Ama matenderprenuers will take the offer by then?



This is just 10 billion.... One bank or a major foreign investor can just grab it all at once and the tap sale closes. So make haste if you are interested.
The funds are supposed to be transferred to CBK by either Monday 31 Oct or by 7th Nov. so you can apply now and once you get allocation you can plan to send the funds as required. You don't send the funds when you are applying.


But CBK is so analogue, I need to go there to apply, they dont have anything online!

Sad


You don't need to go anywhere to apply. Download the form, fill and send back electronically. Email, that is.

He is the one who is analogue smile


Wacha wewe, na hata haukuwa unajua IFB ni nini!
Shame on you
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.

Impunity
#335 Posted : Wednesday, October 26, 2016 1:20:37 PM
Rank: Elder


Joined: 3/2/2009
Posts: 26,325
Location: Masada
Pesa Nane wrote:
Impunity wrote:
Liv wrote:
Impunity wrote:
maka wrote:
Impunity wrote:
@when do they close shop for accepting bids for this tap issuance?




Sasa hii first come first served ndio nini sasa?
Can they wait till Monday next week?
Ama matenderprenuers will take the offer by then?



This is just 10 billion.... One bank or a major foreign investor can just grab it all at once and the tap sale closes. So make haste if you are interested.
The funds are supposed to be transferred to CBK by either Monday 31 Oct or by 7th Nov. so you can apply now and once you get allocation you can plan to send the funds as required. You don't send the funds when you are applying.


But CBK is so analogue, I need to go there to apply, they dont have anything online!

Sad


You don't need to go anywhere to apply. Download the form, fill and send back electronically. Email, that is.


Special email address iko wapi? Apart form the general one on the site.
Or we use the general one?

comms@centralbank.go.ke

Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.

penkon
#336 Posted : Wednesday, October 26, 2016 1:31:24 PM
Rank: New-farer


Joined: 3/12/2014
Posts: 96
Liv wrote:
Impunity wrote:
maka wrote:
Impunity wrote:
@when do they close shop for accepting bids for this tap issuance?




Sasa hii first come first served ndio nini sasa?
Can they wait till Monday next week?
Ama matenderprenuers will take the offer by then?



This is just 10 billion.... One bank or a major foreign investor can just grab it all at once and the tap sale closes. So make haste if you are interested.
The funds are supposed to be transferred to CBK by either Monday 31 Oct or by 7th Nov. so you can apply now and once you get allocation you can plan to send the funds as required. You don't send the funds when you are applying.


or Ministry of Health officials can scoop halve of the 10B
Pesa Nane
#337 Posted : Wednesday, October 26, 2016 4:36:27 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Impunity wrote:
Pesa Nane wrote:
Impunity wrote:
Liv wrote:
Impunity wrote:
maka wrote:
Impunity wrote:
@when do they close shop for accepting bids for this tap issuance?




Sasa hii first come first served ndio nini sasa?
Can they wait till Monday next week?
Ama matenderprenuers will take the offer by then?



This is just 10 billion.... One bank or a major foreign investor can just grab it all at once and the tap sale closes. So make haste if you are interested.
The funds are supposed to be transferred to CBK by either Monday 31 Oct or by 7th Nov. so you can apply now and once you get allocation you can plan to send the funds as required. You don't send the funds when you are applying.


But CBK is so analogue, I need to go there to apply, they dont have anything online!

Sad


You don't need to go anywhere to apply. Download the form, fill and send back electronically. Email, that is.


Special email address iko wapi? Apart form the general one on the site.
Or we use the general one?

comms@centralbank.go.ke


Send to National Debt Office @
NDO@centralbank.go.ke
Pesa Nane plans to be shilingi when he grows up.
Impunity
#338 Posted : Wednesday, October 26, 2016 5:00:32 PM
Rank: Elder


Joined: 3/2/2009
Posts: 26,325
Location: Masada
Pesa Nane wrote:
Impunity wrote:
Pesa Nane wrote:
Impunity wrote:
Liv wrote:
Impunity wrote:
maka wrote:
Impunity wrote:
@when do they close shop for accepting bids for this tap issuance?




Sasa hii first come first served ndio nini sasa?
Can they wait till Monday next week?
Ama matenderprenuers will take the offer by then?



This is just 10 billion.... One bank or a major foreign investor can just grab it all at once and the tap sale closes. So make haste if you are interested.
The funds are supposed to be transferred to CBK by either Monday 31 Oct or by 7th Nov. so you can apply now and once you get allocation you can plan to send the funds as required. You don't send the funds when you are applying.


But CBK is so analogue, I need to go there to apply, they dont have anything online!

Sad


You don't need to go anywhere to apply. Download the form, fill and send back electronically. Email, that is.


Special email address iko wapi? Apart form the general one on the site.
Or we use the general one?

comms@centralbank.go.ke


Send to National Debt Office @
NDO@centralbank.go.ke


Thanks.

Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.

kizee1
#339 Posted : Thursday, October 27, 2016 10:52:19 AM
Rank: Member


Joined: 9/29/2010
Posts: 679
Location: nairobi
Liv wrote:
Impunity wrote:
maka wrote:
Impunity wrote:
@when do they close shop for accepting bids for this tap issuance?




Sasa hii first come first served ndio nini sasa?
Can they wait till Monday next week?
Ama matenderprenuers will take the offer by then?



This is just 10 billion.... One bank or a major foreign investor can just grab it all at once and the tap sale closes. So make haste if you are interested.
The funds are supposed to be transferred to CBK by either Monday 31 Oct or by 7th Nov. so you can apply now and once you get allocation you can plan to send the funds as required. You don't send the funds when you are applying.


just 10billion? at the main auction they took 35bn, there's now 45bn of this paper circulating, it was trading at 13.05 before the tap, the tap has now pushed market up to 13.20! that's a 15point jump on a 15yr paper! the market is now in a state of flux awaiting this tap to close, the move was extremely ill advised!
Liv
#340 Posted : Thursday, October 27, 2016 11:42:39 AM
Rank: Veteran


Joined: 11/14/2006
Posts: 1,311
kizee1 wrote:
Liv wrote:
Impunity wrote:
maka wrote:
Impunity wrote:
@when do they close shop for accepting bids for this tap issuance?




Sasa hii first come first served ndio nini sasa?
Can they wait till Monday next week?
Ama matenderprenuers will take the offer by then?



This is just 10 billion.... One bank or a major foreign investor can just grab it all at once and the tap sale closes. So make haste if you are interested.
The funds are supposed to be transferred to CBK by either Monday 31 Oct or by 7th Nov. so you can apply now and once you get allocation you can plan to send the funds as required. You don't send the funds when you are applying.


just 10billion? at the main auction they took 35bn, there's now 45bn of this paper circulating, it was trading at 13.05 before the tap, the tap has now pushed market up to 13.20! that's a 15point jump on a 15yr paper! the market is now in a state of flux awaiting this tap to close, the move was extremely ill advised!


Haha.... In whose perspective was the tap sale extremely ill advised? Yours? Tap sale was good for investors who missed in the auction and also good for government in raising more funds. I don't see how it can be extremely ill advised.

Where did you get 13.05? The trades I saw before the tap sale was announced were spread between 12.8 and 13.3 ..... Are you using the average of circa 13.05 to rant here?

And by the way the main auction took 30b and not 35b.... Get your facts right.
Users browsing this topic
Guest (2)
86 Pages«<1516171819>»
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Copyright © 2024 Wazua.co.ke. All Rights Reserved.