[quote=MugundaMan][quote=AndyC]
If he is a first time investor then there is nothing to roll over as he is bidding. The rollover, i guess, is for investments that are maturing and the investors would like to apply for a current bid with the maturing funds instead of being paid. If an investor wants to roll over funds that will be maturing 3/6/12 months at the time of bidding it makes sense to say come a week to that time. Stuff happens:-( .[/quote]

Plus CBK demands value date to match the next bill in order for the rollover to work, which is outright crazy. Bottom line CBK is still 1960's analog in our digital age. Can't even get a basic statement online or by SMS (smh). I predict bids would double overnight if such simple basic access was made available.
[/quote]


They never listen...smh.

Vichwa ngumu sana...#-o

[quote=maka][quote=AndyC]Broke or not the government is clearly not interested in expensive money. They offer 40B receive bids of 55.7B and cherry pick 5B . The institutions must have demanded a higher interest rate. Maybe loaning to Shiku at 14% ain't so bad![/quote]

It will be interesting esp with the eurobond the govt is planning... Banks might be squuezed out of the bond market... Wonder what they will do with the stockpile of cash... [/quote]
Kenya isn't the only option.. I know of tier 1 local banks that invest in North America via correspondent banks

[quote=obiero][quote=maka][quote=AndyC]Broke or not the government is clearly not interested in expensive money. They offer 40B receive bids of 55.7B and cherry pick 5B . The institutions must have demanded a higher interest rate. Maybe loaning to Shiku at 14% ain't so bad![/quote]

It will be interesting esp with the eurobond the govt is planning... Banks might be squuezed out of the bond market... Wonder what they will do with the stockpile of cash... [/quote]
Kenya isn't the only option.. I know of tier 1 local banks that invest in North America via correspondent banks [/quote]

Meanwhile devolution is suffering, National Government refusal/delayed transfer of funds!!!

[quote=maka][quote=gatoho][quote=Liv][quote=AndyC]Broke or not the government is clearly not interested in expensive money. They offer 40B receive bids of 55.7B and cherry pick 5B . The institutions must have demanded a higher interest rate. Maybe loaning to Shiku at 14% ain't so bad![/quote]


Tap sale pap[/quote]
I thought tap happens when undersubscribed [/quote]

https://www.centralbank.go.ke/uploads/treasury_bonds_prospectuses/1619893230_TAP%20SALE%20January%202018%20IFB1-2018-015%20dated%2005-02-2018.pdf[/quote]
How do you tell the bond's tenure?

[quote=Angelica _ann][quote=jawgey][quote=maka][quote=gatoho][quote=Liv][quote=AndyC]Broke or not the government is clearly not interested in expensive money. They offer 40B receive bids of 55.7B and cherry pick 5B . The institutions must have demanded a higher interest rate. Maybe loaning to Shiku at 14% ain't so bad![/quote]


Tap sale pap[/quote]
I thought tap happens when undersubscribed [/quote]

https://www.centralbank.go.ke/uploads/treasury_bonds_prospectuses/1619893230_TAP%20SALE%20January%202018%20IFB1-2018-015%20dated%2005-02-2018.pdf[/quote]
How do you tell the bond's tenure?[/quote]

This one is 15 years post #828[/quote]

Thanks Ann