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Treasury Bills and Bonds
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Taurrus
#1701 Posted : Friday, October 20, 2023 9:14:03 AM
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Joined: 8/25/2015
Posts: 836
Location: Kite
I have two IFB Bonds I want to sell. 800K and 400K. Anyone?
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Queen
#1702 Posted : Friday, October 20, 2023 1:41:55 PM
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Joined: 11/21/2018
Posts: 560
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
#1703 Posted : Saturday, October 21, 2023 8:29:31 AM
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Joined: 8/25/2015
Posts: 836
Location: Kite
Someone recommend a good brokerage firm please. Thanks
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obiero
#1704 Posted : Monday, October 23, 2023 11:43:09 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,454
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 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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mufasa
#1705 Posted : Wednesday, November 01, 2023 8:55:12 AM
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Joined: 4/15/2008
Posts: 188
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
#1706 Posted : Wednesday, November 01, 2023 10:10:02 AM
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Joined: 11/21/2018
Posts: 560
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
#1707 Posted : Sunday, November 05, 2023 10:33:51 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,454
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 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Queen
#1708 Posted : Wednesday, November 08, 2023 6:46:54 PM
Rank: Member


Joined: 11/21/2018
Posts: 560
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
#1709 Posted : Wednesday, November 08, 2023 7:45:27 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,454
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 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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wukan
#1710 Posted : Wednesday, November 08, 2023 8:02:45 PM
Rank: Veteran


Joined: 11/13/2015
Posts: 1,557
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
#1711 Posted : Wednesday, November 08, 2023 8:05:04 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,454
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 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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My 2 cents
#1712 Posted : Wednesday, November 08, 2023 10:23:27 PM
Rank: Veteran


Joined: 6/2/2010
Posts: 1,059
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
#1713 Posted : Wednesday, November 08, 2023 10:28:04 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,454
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 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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My 2 cents
#1714 Posted : Thursday, November 09, 2023 9:29:23 AM
Rank: Veteran


Joined: 6/2/2010
Posts: 1,059
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
#1715 Posted : Thursday, November 09, 2023 11:56:12 AM
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Joined: 11/17/2009
Posts: 393
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
#1716 Posted : Thursday, November 09, 2023 11:59:54 AM
Rank: Veteran


Joined: 6/2/2010
Posts: 1,059
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
#1717 Posted : Saturday, November 25, 2023 12:35:11 PM
Rank: Member


Joined: 11/7/2017
Posts: 185
Location: Nairobi
Anyone else having issues approving bids placed with Corporate Accounts?
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