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2nd HFCK 7yr Bond
muandiwambeu
#11 Posted : Monday, February 06, 2017 11:37:44 AM
Rank: Veteran

Joined: 8/28/2015
Posts: 1,247
maka wrote:
maka wrote:
bird_man wrote:
maka wrote:
2012 wrote:
Would you invest in this bond? I think 13% pa is pretty decent. What do you think?

...agreed HF is an ok company and the appettite for housing/mortgages is still far away from being satisfied,unless an unforseen issue like a major risk occurs risk of default is almost nil,they,l be able to meet their payment obligations in terms of coupon payment when due...all said and done i,d go for it,just wondering for a 7yr bond(even though corporate) aint the premium they,ve factored in huge??

Fast forward to 2017. I see issues here in paying back the principal.


Mmmmhhhh...As long as kuna GOK bonds I will never buy a corporate bond at the NSE.Hapa ukora tu...


If am not wrong Chase bank bond investors have not been getting their coupons...

@maka do observe caution when uttering stuff of that nature.Especially when already cautioned someone may go without their take home. Kumbuka watu wanajitayarisha kupeleke project campus. Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
,Behold, a sower went forth to sow;....
Ericsson
#12 Posted : Monday, February 06, 2017 6:27:03 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
VituVingiSana wrote:
bird_man wrote:
maka wrote:
2012 wrote:
Would you invest in this bond? I think 13% pa is pretty decent. What do you think?

...agreed HF is an ok company and the appettite for housing/mortgages is still far away from being satisfied,unless an unforseen issue like a major risk occurs risk of default is almost nil,they,l be able to meet their payment obligations in terms of coupon payment when due...all said and done i,d go for it,just wondering for a 7yr bond(even though corporate) aint the premium they,ve factored in huge??

Fast forward to 2017. I see issues here in paying back the principal.
HFCK needs a sponsor. Will it be Britam or another entity? A Rights Issue may be the answer if Britam [I don't see most other investors buying significant Rights] can come up with the cash.


Britam was bailed out by IFC on 31 December 2016.
Bandia firms
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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