Wazua
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Rank: Elder Joined: 6/23/2009 Posts: 13,760 Location: nairobi
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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
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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Rank: Member Joined: 8/25/2015 Posts: 839 Location: Kite
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I have two IFB Bonds I want to sell. 800K and 400K. Anyone?
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Rank: Member Joined: 11/21/2018 Posts: 564 Location: Britain
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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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Rank: Member Joined: 8/25/2015 Posts: 839 Location: Kite
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Someone recommend a good brokerage firm please. Thanks
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Rank: Elder Joined: 6/23/2009 Posts: 13,760 Location: nairobi
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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
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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Rank: Member Joined: 4/15/2008 Posts: 215
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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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Rank: Member Joined: 11/21/2018 Posts: 564 Location: Britain
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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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Rank: Elder Joined: 6/23/2009 Posts: 13,760 Location: nairobi
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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
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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Rank: Member Joined: 11/21/2018 Posts: 564 Location: Britain
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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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Rank: Elder Joined: 6/23/2009 Posts: 13,760 Location: nairobi
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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
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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Rank: Veteran Joined: 11/13/2015 Posts: 1,614
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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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Rank: Elder Joined: 6/23/2009 Posts: 13,760 Location: nairobi
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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
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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Rank: Veteran Joined: 6/2/2010 Posts: 1,075
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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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Rank: Elder Joined: 6/23/2009 Posts: 13,760 Location: nairobi
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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
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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Rank: Veteran Joined: 6/2/2010 Posts: 1,075
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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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Rank: Member Joined: 11/17/2009 Posts: 399 Location: Where everyone knows you
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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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Rank: Veteran Joined: 6/2/2010 Posts: 1,075
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Taurrus wrote:I have two IFB Bonds I want to sell. 800K and 400K. Anyone? Taurrus here above is looking to sell. 
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Rank: Member Joined: 11/7/2017 Posts: 186 Location: Nairobi
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Anyone else having issues approving bids placed with Corporate Accounts?
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Rank: Member Joined: 11/7/2017 Posts: 186 Location: Nairobi
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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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Rank: Member Joined: 12/1/2007 Posts: 539 Location: Nakuru
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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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