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Rank: Elder Joined: 12/7/2012 Posts: 11,935
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maka wrote:wukan wrote:chickens coming home to roost The refinancing risk Quote:Data from the Central Bank of Kenya (CBK) shows the 30-year bond stood at a high of 10.284 percent on November 27 before easing to 10.014 percent and 9.8 percent last Thursday. The issue first traded in the open market on February 23 at a yield of 8.021 percent, meaning the high reached last week amounts to an increase of 2.263 percentage points.
The 10-year bond has seen its yield rise to 9.071 percent compared to 7.07 percent when it was launched into the market on February 23. Yields on bonds issued in 2014 have also risen. Quote:The Treasury is seeking Sh40 billion through a 10-year bond whose coupon or interest rate will be determined by the market. The Central Bank of Kenya (CBK), acting on behalf of the Treasury, said it is upon the market to determine the rate it wants to buy the bond thereby opening the way for investors to ask for higher compensation. The sale takes five working days with the closing day set as December 11. Analysts have already expressed pessimism on the subscription, citing its length and constrained market liquidity. https://www.businessdail...1156-f8t9bpz/index.html
No resting... They should just allow we quote 15% they get 40 Bn in full.... 10 years from now maybe we will be dead.... When they get that 8 year syndicated loan they are seeking to repay the maturing Eurobond, Gava will have a breather. In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Veteran Joined: 4/4/2016 Posts: 2,016 Location: Kitale
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maka wrote:[quote=wukan]chickens coming home to roost The refinancing risk Quote:Data from the Central Bank of Kenya (CBK) shows the 30-year bond stood at a high of 10.284 percent on November 27 before easing to 10.014 percent and 9.8 percent last Thursday. The issue first traded in the open market on February 23 at a yield of 8.021 percent, meaning the high reached last week amounts to an increase of 2.263 percentage points.
The 10-year bond has seen its yield rise to 9.071 percent compared to 7.07 percent when it was launched into the market on February 23. Yields on bonds issued in 2014 have also risen. Quote:The Treasury is seeking Sh40 billion through a 10-year bond whose coupon or interest rate will be determined by the market. The Central Bank of Kenya (CBK), acting on behalf of the Treasury, said it is upon the market to determine the rate it wants to buy the bond thereby opening the way for investors to ask for higher compensation. The sale takes five working days with the closing day set as December 11. Analysts have already expressed pessimism on the subscription, citing its length and constrained market liquidity. https://www.businessdail...1156-f8t9bpz/index.html
No resting... They should just allow we quote 15% they get 40 Bn in full.... 10 years from now maybe we will be dead.... [/quote .................................................................................................................................................... i have applied for this one.Hope i will succeed as my bid is non competitive.And if i die before it matures,my child will inherit it. Towards the goal of financial freedom
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Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada
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Ebenyo wrote:maka wrote:[quote=wukan]chickens coming home to roost The refinancing risk Quote:Data from the Central Bank of Kenya (CBK) shows the 30-year bond stood at a high of 10.284 percent on November 27 before easing to 10.014 percent and 9.8 percent last Thursday. The issue first traded in the open market on February 23 at a yield of 8.021 percent, meaning the high reached last week amounts to an increase of 2.263 percentage points.
The 10-year bond has seen its yield rise to 9.071 percent compared to 7.07 percent when it was launched into the market on February 23. Yields on bonds issued in 2014 have also risen. Quote:The Treasury is seeking Sh40 billion through a 10-year bond whose coupon or interest rate will be determined by the market. The Central Bank of Kenya (CBK), acting on behalf of the Treasury, said it is upon the market to determine the rate it wants to buy the bond thereby opening the way for investors to ask for higher compensation. The sale takes five working days with the closing day set as December 11. Analysts have already expressed pessimism on the subscription, citing its length and constrained market liquidity. https://www.businessdail...1156-f8t9bpz/index.html
No resting... They should just allow we quote 15% they get 40 Bn in full.... 10 years from now maybe we will be dead.... [/quote .................................................................................................................................................... i have applied for this one.Hope i will succeed as my bid is non competitive.And if i die before it matures,my child will inherit it. How much have you placed? I hope not 100K and you talk about your children inheritance! And did you quote 13% or a wierd figure like 16%? Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Ebenyo wrote:maka wrote:[quote=wukan]chickens coming home to roost The refinancing risk Quote:Data from the Central Bank of Kenya (CBK) shows the 30-year bond stood at a high of 10.284 percent on November 27 before easing to 10.014 percent and 9.8 percent last Thursday. The issue first traded in the open market on February 23 at a yield of 8.021 percent, meaning the high reached last week amounts to an increase of 2.263 percentage points.
The 10-year bond has seen its yield rise to 9.071 percent compared to 7.07 percent when it was launched into the market on February 23. Yields on bonds issued in 2014 have also risen. Quote:The Treasury is seeking Sh40 billion through a 10-year bond whose coupon or interest rate will be determined by the market. The Central Bank of Kenya (CBK), acting on behalf of the Treasury, said it is upon the market to determine the rate it wants to buy the bond thereby opening the way for investors to ask for higher compensation. The sale takes five working days with the closing day set as December 11. Analysts have already expressed pessimism on the subscription, citing its length and constrained market liquidity. https://www.businessdail...1156-f8t9bpz/index.html
The days of missing a non competitive bids are over... You will def get... No resting... They should just allow we quote 15% they get 40 Bn in full.... 10 years from now maybe we will be dead.... [/quote .................................................................................................................................................... i have applied for this one.Hope i will succeed as my bid is non competitive.And if i die before it matures,my child will inherit it. possunt quia posse videntur
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Rank: Veteran Joined: 4/4/2016 Posts: 2,016 Location: Kitale
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Impunity wrote:Ebenyo wrote:[quote=maka][quote=wukan]chickens coming home to roost The refinancing risk Quote:Data from the Central Bank of Kenya (CBK) shows the 30-year bond stood at a high of 10.284 percent on November 27 before easing to 10.014 percent and 9.8 percent last Thursday. The issue first traded in the open market on February 23 at a yield of 8.021 percent, meaning the high reached last week amounts to an increase of 2.263 percentage points.
The 10-year bond has seen its yield rise to 9.071 percent compared to 7.07 percent when it was launched into the market on February 23. Yields on bonds issued in 2014 have also risen. Quote:The Treasury is seeking Sh40 billion through a 10-year bond whose coupon or interest rate will be determined by the market. The Central Bank of Kenya (CBK), acting on behalf of the Treasury, said it is upon the market to determine the rate it wants to buy the bond thereby opening the way for investors to ask for higher compensation. The sale takes five working days with the closing day set as December 11. Analysts have already expressed pessimism on the subscription, citing its length and constrained market liquidity. https://www.businessdail...1156-f8t9bpz/index.html
No resting... They should just allow we quote 15% they get 40 Bn in full.... 10 years from now maybe we will be dead.... [/quote .................................................................................................................................................... i have applied for this one.Hope i will succeed as my bid is non competitive.And if i die before it matures,my child will inherit it. How much have you placed? I hope not 100K and you talk about your children inheritance! ....................................................................................................................................................  Let me wait the auction results first! Towards the goal of financial freedom
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Rank: Elder Joined: 12/7/2012 Posts: 11,935
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@maka please guide on the pricing tafasali  In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 6/23/2009 Posts: 14,213 Location: nairobi
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Angelica _ann wrote:@maka please guide on the pricing tafasali Kwani umeblockiwa CBK website? Ama wewe ni wale hawajui hata kubadilisha bulb.. 😜
KQ ABP 4.26
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Rank: Elder Joined: 12/7/2012 Posts: 11,935
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obiero wrote:Angelica _ann wrote:@maka please guide on the pricing tafasali Kwani umeblockiwa CBK website? Ama wewe ni wale hawajui hata kubadilisha bulb.. 😜 Am asking about bidding on tranche not smokies. In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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Angelica _ann wrote:obiero wrote:Angelica _ann wrote:@maka please guide on the pricing tafasali Kwani umeblockiwa CBK website? Ama wewe ni wale hawajui hata kubadilisha bulb.. 😜 Am asking about bidding on tranche not smokies. Hwaking Smokies in a 787 If Obiero did it, Who Am I?
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Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada
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Angelica _ann wrote:obiero wrote:Angelica _ann wrote:@maka please guide on the pricing tafasali Kwani umeblockiwa CBK website? Ama wewe ni wale hawajui hata kubadilisha bulb.. 😜 Am asking about bidding on tranche not smokies. Kwani mpole lea oby Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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