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Rank: Member Joined: 1/13/2014 Posts: 398 Location: Denmark
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ngapat wrote:winmak wrote:wamelipa leo IFB1/2023/6.5... RTG ndani kabisa  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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Rank: Elder Joined: 6/23/2009 Posts: 14,211 Location: nairobi
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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
KQ ABP 4.26
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Wazua
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