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MINIMUM AMOUNT I NEED TO INVEST IN BONDS
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Wondergirl
#1 Posted : Tuesday, June 22, 2010 1:08:11 PM
Rank: Member

Joined: 9/12/2009
Posts: 312
Help me out!
I have been investing in shares but not bonds. I want to diversify by investing in them, however I know little about them.
My questions are:
1. Do I just place an order with my broker like I do with shares?
2. Do I get to choose which bond I get into? Just like I choose the company whose shares I want to buy?
3.Are they tranferable like shares in case I want to dispose them?
4. What is the minimum amount I need.( I want to start small)
5.Any other valid information is welcome.
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the deal
#2 Posted : Tuesday, June 22, 2010 1:14:21 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
50k
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benzi
#3 Posted : Tuesday, June 22, 2010 2:16:43 PM
Rank: New-farer

Joined: 1/8/2010
Posts: 33
Location: nairobi
To invest in GOK bonds you need to open a CDS account from Central Bank

You can place order from Central Bank once they advertise or there outhorised agents.

Actually there was one whereby today is the last day to place orders and its interest rate is 11.75 %.

Minimum amount is 50k

You can liquidate the bond anytime in the NSE but this is done by investment bankers.
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Wondergirl
#4 Posted : Tuesday, June 22, 2010 4:24:09 PM
Rank: Member

Joined: 9/12/2009
Posts: 312
Thanks guys.
I will talk to my Broker(Faida)
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sparkly
#5 Posted : Tuesday, June 22, 2010 4:32:54 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Wondergirl wrote:
Thanks guys.
I will talk to my Broker(Faida)


If you want to buy primary (directly from GOK)go to CBK and get CDS opening forms first.
Life is short. Live passionately.
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poundfoolish
#6 Posted : Wednesday, June 23, 2010 1:06:39 PM
Rank: Elder

Joined: 12/2/2009
Posts: 2,458
Location: Nairobi
Interesting topic

are there different types of GOK bonds. like above 50K and what is the maturity time span?

better still.. any links to where we can easily read this stuff?
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sparkly
#7 Posted : Wednesday, June 23, 2010 1:12:54 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
poundfoolish wrote:
Interesting topic

are there different types of GOK bonds. like above 50K and what is the maturity time span?

better still.. any links to where we can easily read this stuff?


Pass by CBK, they will be so eager to explain to you.

Anyway you buy min of 50K and additions of 50K. so you can have 50K, 100K, 150K etc
Life is short. Live passionately.
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The optimist
#8 Posted : Wednesday, June 23, 2010 4:46:57 PM
Rank: Member

Joined: 6/14/2010
Posts: 521
Location: Nairobi
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fantony
#9 Posted : Wednesday, June 23, 2010 5:28:21 PM
Rank: Member

Joined: 11/6/2006
Posts: 276
good topic (clapping emoticon) i have also been wondering.. thanks all
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kizee
#10 Posted : Wednesday, June 23, 2010 5:50:54 PM
Rank: Member

Joined: 1/9/2008
Posts: 537
rememeber the bonds market isnt OTC, the secondary market that is...gettin a broker to do 50k trades will be hard, the comission doesnt justify the effort..and the price makers would be hard pressed to price you in 50k
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