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Treasury Bills and Bonds
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ngapat
#1721 Posted : Thursday, July 25, 2024 7:02:32 PM
Rank: Member


Joined: 12/11/2006
Posts: 887
samdoe wrote:
What could be the issue with the coupon of IFB1/2023/6.5 with a coupon rate 17.9327 %, someone has gotten an alert of coupon payment of 80,024.7 for an investment of 1,050,000 whereas it should be 94,146.675.

Is this an oversight, IFB are tax free and it shouldn't be hard to calculate the interest rate here.

Is there anything we're missing?

What's the interest rate for the reopened bond?
“Invest in yourself. Your career is the engine of your wealth.”
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Kenyan Oracle
#1722 Posted : Monday, August 05, 2024 4:21:23 PM
Rank: Member


Joined: 5/31/2011
Posts: 251
ngapat wrote:
samdoe wrote:
What could be the issue with the coupon of IFB1/2023/6.5 with a coupon rate 17.9327 %, someone has gotten an alert of coupon payment of 80,024.7 for an investment of 1,050,000 whereas it should be 94,146.675.

Is this an oversight, IFB are tax free and it shouldn't be hard to calculate the interest rate here.

Is there anything we're missing?

What's the interest rate for the reopened bond?



IFB1/2023/6.5 -17.9327%
IFB1/2023/17 - 14.3990%
You lose money chasing women, but you never lose women chasing money - NAS
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Monk
#1723 Posted : Tuesday, August 06, 2024 9:40:05 AM
Rank: Member


Joined: 7/1/2009
Posts: 264
"...the risk of government defaulting on local loans is becoming a reality every passing day..." - Senior Bank Managers.

https://www.the-star.co....papers-to-a-2-year-low/


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winmak
#1724 Posted : Monday, August 19, 2024 5:14:14 PM
Rank: Member


Joined: 12/1/2007
Posts: 539
Location: Nakuru
Monk wrote:
"...the risk of government defaulting on local loans is becoming a reality every passing day..." - Senior Bank Managers.

https://www.the-star.co....papers-to-a-2-year-low/




wamelipa leo IFB1/2023/6.5... RTG ndani kabisaApplause Applause
For investors as a whole, returns decrease as motion increases ~ WB
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ngapat
#1725 Posted : Tuesday, August 20, 2024 12:26:16 PM
Rank: Member


Joined: 12/11/2006
Posts: 887
winmak wrote:
Monk wrote:
"...the risk of government defaulting on local loans is becoming a reality every passing day..." - Senior Bank Managers.

https://www.the-star.co....papers-to-a-2-year-low/




wamelipa leo IFB1/2023/6.5... RTG ndani kabisaApplause Applause

I paid yesterday 19th Aug for this reopened bond. Will I be paid too?
“Invest in yourself. Your career is the engine of your wealth.”
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jawgey
#1726 Posted : Wednesday, August 21, 2024 9:17:59 AM
Rank: Member


Joined: 1/13/2014
Posts: 387
Location: Denmark
ngapat wrote:
winmak wrote:
Monk wrote:
"...the risk of government defaulting on local loans is becoming a reality every passing day..." - Senior Bank Managers.

https://www.the-star.co....papers-to-a-2-year-low/




wamelipa leo IFB1/2023/6.5... RTG ndani kabisaApplause Applause

I paid yesterday 19th Aug for this reopened bond. Will I be paid too?

Yes, in your dreams :)
Seeing is believing
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obiero
#1727 Posted : Sunday, March 30, 2025 11:30:20 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,591
Location: nairobi
kediveKed wrote:
obiero wrote:
VituVingiSana wrote:
winmak wrote:
heri wrote:
winmak wrote:
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 me the future is very uncertain and very worrying. I am only putting in something small knowing that I could lose a big part of it


How so? Default manenoz? What is the likelihood of this happening?

NEVER SAY NEVER! Look at Ghana.

That said... it is highly unlikely, but not impossible, for a country to default on its debt in its currency.

Remember Greece.. That country was almost closed down

Wait. I thought Greece was using the Euro which is a shared currency. This is factually different from kenya which uses KES alone.

Kenya uses USD on most of its debt. Local debt is lower than external in total scale. Greece defaulted on a debt of €1.6 billion to the IMF in 2015. The basics are the same. Once you borrow in excess of repayment ability, default happens

COOP 140,000 ABP 15.75; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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