wazua Thu, Mar 19, 2026
Welcome Guest Search | Active Topics | Log In

173 Pages«<163164165166167>»
Treasury Bills and Bonds
MatataMingi
#1641 Posted : Wednesday, May 10, 2023 11:32:02 AM
Rank: Member

Joined: 11/17/2009
Posts: 399
Location: Where everyone knows you
I received my coupon payment on Monday.
Waiting for more next week.
Queen
#1642 Posted : Friday, June 02, 2023 10:10:12 AM
Rank: Member

Joined: 11/21/2018
Posts: 564
Location: Britain
IFB1/2023/07

@Maka what is your prediction for the market-determined coupon rate.
Are we likely to see 14.50%?
MatataMingi
#1643 Posted : Saturday, June 03, 2023 10:48:36 AM
Rank: Member

Joined: 11/17/2009
Posts: 399
Location: Where everyone knows you
The recent 3 year bond had a coupon rate of 14.228%.
Therefore, I think the coupon will be a bit higher, even though it is tax free.
Queen
#1644 Posted : Monday, June 05, 2023 3:23:03 PM
Rank: Member

Joined: 11/21/2018
Posts: 564
Location: Britain
MatataMingi wrote:
The recent 3 year bond had a coupon rate of 14.228%.
Therefore, I think the coupon will be a bit higher, even though it is tax free.


The prospectus for this bond was done in a hurry. For instance, reading through the article on the amortization, it is not clear how long it will take to redeem in full amounts upto to Kshs 1M.
heri
#1645 Posted : Thursday, June 08, 2023 9:08:53 AM
Rank: Member

Joined: 9/14/2011
Posts: 869
Location: nairobi
I want to put some money in these bonds but I keep wondering if this KK government will eventually default. So much lack of confidence 9 months since they assumed power. Most if not all appointments made have been so disappointing. Can the calibre of such people really get us out of the hole Uhuru left us in or we are just digging
MatataMingi
#1646 Posted : Thursday, June 08, 2023 9:54:04 AM
Rank: Member

Joined: 11/17/2009
Posts: 399
Location: Where everyone knows you
Queen wrote:
MatataMingi wrote:
The recent 3 year bond had a coupon rate of 14.228%.
Therefore, I think the coupon will be a bit higher, even though it is tax free.


The prospectus for this bond was done in a hurry. For instance, reading through the article on the amortization, it is not clear how long it will take to redeem in full amounts upto to Kshs 1M.



I have sought clarification from CBK.
According to them, any amount upto KES 1M, will be redeemed in full during the first redemption on 15/06/2026.
MatataMingi
#1647 Posted : Thursday, June 08, 2023 10:01:01 AM
Rank: Member

Joined: 11/17/2009
Posts: 399
Location: Where everyone knows you
heri wrote:
I want to put some money in these bonds but I keep wondering if this KK government will eventually default. So much lack of confidence 9 months since they assumed power. Most if not all appointments made have been so disappointing. Can the calibre of such people really get us out of the hole Uhuru left us in or we are just digging



I doubt that the Government can risk a default.
There are a lot of investments from local pension and mutual funds.
Plus all local banks have sizeable holdings.

I think that at the most, they will offer switch bonds for maturing bills and bonds, like they have done recently.
Queen
#1648 Posted : Friday, June 09, 2023 10:56:33 AM
Rank: Member

Joined: 11/21/2018
Posts: 564
Location: Britain
MatataMingi wrote:
Queen wrote:
MatataMingi wrote:
The recent 3 year bond had a coupon rate of 14.228%.
Therefore, I think the coupon will be a bit higher, even though it is tax free.


The prospectus for this bond was done in a hurry. For instance, reading through the article on the amortization, it is not clear how long it will take to redeem in full amounts upto to Kshs 1M.



I have sought clarification from CBK.
According to them, any amount upto KES 1M, will be redeemed in full during the first redemption on 15/06/2026.


I have also called them and they have confirmed your sentiments.

Thank you.

However it is quite worrying that they failed to concisely capture that bit in the prospectus.
Queen
#1649 Posted : Friday, June 09, 2023 11:02:52 AM
Rank: Member

Joined: 11/21/2018
Posts: 564
Location: Britain
MatataMingi wrote:
heri wrote:
I want to put some money in these bonds but I keep wondering if this KK government will eventually default. So much lack of confidence 9 months since they assumed power. Most if not all appointments made have been so disappointing. Can the calibre of such people really get us out of the hole Uhuru left us in or we are just digging



I doubt that the Government can risk a default.
There are a lot of investments from local pension and mutual funds.
Plus all local banks have sizeable holdings.

I think that at the most, they will offer switch bonds for maturing bills and bonds, like they have done recently.


Secondly, according to the Constitution and the PFM act, public debt is the first charge on the consolidated fund; meaning that the government's first obligation is to clear domestic debts from any revenues raised. In other words, by the time it gets to defaulting on debts, civil/public servants would have gone for months without pay and this government of truthful men, would be on the verge of collapse.
heri
#1650 Posted : Monday, June 12, 2023 9:21:37 AM
Rank: Member

Joined: 9/14/2011
Posts: 869
Location: nairobi
Queen wrote:
MatataMingi wrote:
heri wrote:
I want to put some money in these bonds but I keep wondering if this KK government will eventually default. So much lack of confidence 9 months since they assumed power. Most if not all appointments made have been so disappointing. Can the calibre of such people really get us out of the hole Uhuru left us in or we are just digging



I doubt that the Government can risk a default.
There are a lot of investments from local pension and mutual funds.
Plus all local banks have sizeable holdings.

I think that at the most, they will offer switch bonds for maturing bills and bonds, like they have done recently.


Secondly, according to the Constitution and the PFM act, public debt is the first charge on the consolidated fund; meaning that the government's first obligation is to clear domestic debts from any revenues raised. In other words, by the time it gets to defaulting on debts, civil/public servants would have gone for months without pay and this government of truthful men, would be on the verge of collapse.
I wonder if the same applied to Ghana. Their government did not collapse
173 Pages«<163164165166167>»
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 © 2026 Wazua.co.ke. All Rights Reserved.