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Treasury Bills and Bonds
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obiero
#1681 Posted : Friday, October 20, 2023 7:33:10 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,501
Location: nairobi
holycow wrote:
The November 2023 IFB minimum value has been set at 50k. This is a departure from the usual 100k. Looks like GoK trying to attract small fish.

The president issued guidance on that a few days ago
https://www.businessdail...s-bonds-trading--4365778

HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Taurrus
#1682 Posted : Friday, October 20, 2023 9:14:03 AM
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Joined: 8/25/2015
Posts: 839
Location: Kite
I have two IFB Bonds I want to sell. 800K and 400K. Anyone?
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Queen
#1683 Posted : Friday, October 20, 2023 1:41:55 PM
Rank: Member


Joined: 11/21/2018
Posts: 564
Location: Britain
holycow wrote:
The November 2023 IFB minimum value has been set at 50k. This is a departure from the usual 100k. Looks like GoK trying to attract small fish.


@Maka.... what is your prediction on the likely coupon rate?

Are we likely to see north of @18%?
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Taurrus
#1684 Posted : Saturday, October 21, 2023 8:29:31 AM
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Joined: 8/25/2015
Posts: 839
Location: Kite
Someone recommend a good brokerage firm please. Thanks
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obiero
#1685 Posted : Monday, October 23, 2023 11:43:09 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,501
Location: nairobi
Queen wrote:
holycow wrote:
The November 2023 IFB minimum value has been set at 50k. This is a departure from the usual 100k. Looks like GoK trying to attract small fish.


@Maka.... what is your prediction on the likely coupon rate?

Are we likely to see north of @18%?

It's possible

HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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mufasa
#1686 Posted : Wednesday, November 01, 2023 8:55:12 AM
Rank: Member


Joined: 4/15/2008
Posts: 200
Taurrus wrote:
I have two IFB Bonds I want to sell. 800K and 400K. Anyone?


Which Bonds in particular so that we calculate the price?
Do it today! Tomorrow is promise to no-one.
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Queen
#1687 Posted : Wednesday, November 01, 2023 10:10:02 AM
Rank: Member


Joined: 11/21/2018
Posts: 564
Location: Britain
mufasa wrote:
Taurrus wrote:
I have two IFB Bonds I want to sell. 800K and 400K. Anyone?


Which Bonds in particular so that we calculate the price?



What is the current market price for IFB1/2021/021?
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obiero
#1688 Posted : Sunday, November 05, 2023 10:33:51 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,501
Location: nairobi
KulaRaha wrote:
T bill rates need to rise, and fast, to help the shilling. 91 day should be at 9%.

Time changes everything. Meanwhile government aiming to buy back 25% of the USD 2B Eurobond by June 2024 will likely lead to a further dip on the KES against the USD

HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Queen
#1689 Posted : Wednesday, November 08, 2023 6:46:54 PM
Rank: Member


Joined: 11/21/2018
Posts: 564
Location: Britain
Queen wrote:
holycow wrote:
The November 2023 IFB minimum value has been set at 50k. This is a departure from the usual 100k. Looks like GoK trying to attract small fish.


@Maka.... what is your prediction on the likely coupon rate?

Are we likely to see north of @18%?


The results are out.
The coupon rate has come in @17.9327%. Great!
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obiero
#1690 Posted : Wednesday, November 08, 2023 7:45:27 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,501
Location: nairobi
obiero wrote:
Queen wrote:
holycow wrote:
The November 2023 IFB minimum value has been set at 50k. This is a departure from the usual 100k. Looks like GoK trying to attract small fish.


@Maka.... what is your prediction on the likely coupon rate?

Are we likely to see north of @18%?

It's possible

The only time the exchange bar is wrong, is when it is right

HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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wukan
#1691 Posted : Wednesday, November 08, 2023 8:02:45 PM
Rank: Veteran


Joined: 11/13/2015
Posts: 1,589
Queen wrote:
Queen wrote:
holycow wrote:
The November 2023 IFB minimum value has been set at 50k. This is a departure from the usual 100k. Looks like GoK trying to attract small fish.


@Maka.... what is your prediction on the likely coupon rate?

Are we likely to see north of @18%?


The results are out.
The coupon rate has come in @17.9327%. Great!


kiulizo? where is GoK going to get that yield from?

Brrrrr
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obiero
#1692 Posted : Wednesday, November 08, 2023 8:05:04 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,501
Location: nairobi
wukan wrote:
Queen wrote:
Queen wrote:
holycow wrote:
The November 2023 IFB minimum value has been set at 50k. This is a departure from the usual 100k. Looks like GoK trying to attract small fish.


@Maka.... what is your prediction on the likely coupon rate?

Are we likely to see north of @18%?


The results are out.
The coupon rate has come in @17.9327%. Great!


kiulizo? where is GoK going to get that yield from?

Brrrrr

Taxes

HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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My 2 cents
#1693 Posted : Wednesday, November 08, 2023 10:23:27 PM
Rank: Veteran


Joined: 6/2/2010
Posts: 1,066
Those who bought the 13.94% IFB same time last year have just lost 22.5% pap! If they have to sell.
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obiero
#1694 Posted : Wednesday, November 08, 2023 10:28:04 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,501
Location: nairobi
My 2 cents wrote:
Those who bought the 13.94% IFB same time last year have just lost 22.5% pap! If they have to sell.

13.94% is still a decent return. an inflation beating return

HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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My 2 cents
#1695 Posted : Thursday, November 09, 2023 9:29:23 AM
Rank: Veteran


Joined: 6/2/2010
Posts: 1,066
obiero wrote:
My 2 cents wrote:
Those who bought the 13.94% IFB same time last year have just lost 22.5% pap! If they have to sell.

13.94% is still a decent return. an inflation beating return


Am talking about those who have to sell not those who are holding to maturity.

If one invested one million last year in the Nov 2022 IFB (13.94%), if they get into the current market to sell, they will only get 775k. Because the new buyer will want to get 17.93% for their investment. (139k/775k)

Granted they will have earned 139k interest over one year but because the loss of value is 225k - they are still in a net loss position.

Wazuans - please get on top of your bonds/bills knowledge.
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MatataMingi
#1696 Posted : Thursday, November 09, 2023 11:56:12 AM
Rank: Member


Joined: 11/17/2009
Posts: 398
Location: Where everyone knows you
I think the people who invest in bills/bonds are knowledgeable and on top of it.
All the ones that I know, hold their bonds to maturity.
Getting 13.94% last year was a good deal.
And it still is.
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My 2 cents
#1697 Posted : Thursday, November 09, 2023 11:59:54 AM
Rank: Veteran


Joined: 6/2/2010
Posts: 1,066
Taurrus wrote:
I have two IFB Bonds I want to sell. 800K and 400K. Anyone?


Taurrus here above is looking to sell. Laughing out loudly
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Stiffler
#1698 Posted : Saturday, November 25, 2023 12:35:11 PM
Rank: Member


Joined: 11/7/2017
Posts: 186
Location: Nairobi
Anyone else having issues approving bids placed with Corporate Accounts?
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Stiffler
#1699 Posted : Thursday, December 21, 2023 2:19:18 PM
Rank: Member


Joined: 11/7/2017
Posts: 186
Location: Nairobi
Stiffler wrote:
Anyone else having issues approving bids placed with Corporate Accounts?


Issue got resolved after almost a month of back and forth...
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winmak
#1700 Posted : Friday, January 26, 2024 8:56:43 AM
Rank: Member


Joined: 12/1/2007
Posts: 539
Location: Nakuru
what's the market sentiment on the Feb IFB/2024/8.5 ? There's been talk on massive exit from bonds by institutions. Even taking haircuts
For investors as a whole, returns decrease as motion increases ~ WB
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