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Rank: New-farer Joined: 6/5/2019 Posts: 19
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Esstiko wrote:5 and 10 year floated.  Maybe we wait for that 150Bn roads bond they want to issue possunt quia posse videntur
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Rank: New-farer Joined: 6/5/2019 Posts: 19
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maka wrote:Esstiko wrote:5 and 10 year floated. Maybe we wait for that 150Bn roads bond they want to issue Any idea when?
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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Esstiko wrote:maka wrote:Esstiko wrote:5 and 10 year floated. Maybe we wait for that 150Bn roads bond they want to issue Any idea when? Don't imagine Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada
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Ericsson wrote:Esstiko wrote:maka wrote:Esstiko wrote:5 and 10 year floated. Maybe we wait for that 150Bn roads bond they want to issue Any idea when? Don't imagine That will be IFB...  Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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maka wrote:Esstiko wrote:5 and 10 year floated. Maybe we wait for that 150Bn roads bond they want to issue The Kenya Roads Board (KRB) has received bids from a consortium of Citi bank, Absa, Renaissance Capital, Equity Group holdings and Rand Merchant Bank seeking to arrange a Ksh 150 Billion financing plan to fund roads development, maintenance, and rehabilitation. Further, Dyer and Blair and Africa Finance Corporation submitted a joint bid. According to Bloomberg, another group led by NCBA group, Standard Chartered, Co-operative bank, and KCB Group also submitted their bids. Standard Group’s Kenyan Unit and Lion’s head also belong to this last group. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Ericsson wrote:maka wrote:Esstiko wrote:5 and 10 year floated. Maybe we wait for that 150Bn roads bond they want to issue The Kenya Roads Board (KRB) has received bids from a consortium of Citi bank, Absa, Renaissance Capital, Equity Group holdings and Rand Merchant Bank seeking to arrange a Ksh 150 Billion financing plan to fund roads development, maintenance, and rehabilitation. Further, Dyer and Blair and Africa Finance Corporation submitted a joint bid. According to Bloomberg, another group led by NCBA group, Standard Chartered, Co-operative bank, and KCB Group also submitted their bids. Standard Group’s Kenyan Unit and Lion’s head also belong to this last group. Everyone thought it was a local IFB....  Chasing lower/cheaper rates.... possunt quia posse videntur
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Rank: Elder Joined: 12/7/2012 Posts: 11,935
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maka wrote:Ericsson wrote:maka wrote:Esstiko wrote:5 and 10 year floated. Maybe we wait for that 150Bn roads bond they want to issue The Kenya Roads Board (KRB) has received bids from a consortium of Citi bank, Absa, Renaissance Capital, Equity Group holdings and Rand Merchant Bank seeking to arrange a Ksh 150 Billion financing plan to fund roads development, maintenance, and rehabilitation. Further, Dyer and Blair and Africa Finance Corporation submitted a joint bid. According to Bloomberg, another group led by NCBA group, Standard Chartered, Co-operative bank, and KCB Group also submitted their bids. Standard Group’s Kenyan Unit and Lion’s head also belong to this last group. Everyone thought it was a local IFB.... Chasing lower/cheaper rates.... Local market cannot swallow the 150B at ago with a longer tenure the way it is likely to be designed. Of course the 'arrangers' are also vultures in the making and plus back office deals. 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: New-farer Joined: 6/5/2019 Posts: 19
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Angelica _ann wrote:maka wrote:Ericsson wrote:maka wrote:Esstiko wrote:5 and 10 year floated. Maybe we wait for that 150Bn roads bond they want to issue The Kenya Roads Board (KRB) has received bids from a consortium of Citi bank, Absa, Renaissance Capital, Equity Group holdings and Rand Merchant Bank seeking to arrange a Ksh 150 Billion financing plan to fund roads development, maintenance, and rehabilitation. Further, Dyer and Blair and Africa Finance Corporation submitted a joint bid. According to Bloomberg, another group led by NCBA group, Standard Chartered, Co-operative bank, and KCB Group also submitted their bids. Standard Group’s Kenyan Unit and Lion’s head also belong to this last group. Everyone thought it was a local IFB.... Chasing lower/cheaper rates.... Local market cannot swallow the 150B at ago with a longer tenure the way it is likely to be designed. Of course the 'arrangers' are also vultures in the making and plus back office deals. Does this imply that no IFBs will be issued this year?
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Rank: New-farer Joined: 6/5/2019 Posts: 19
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Ericsson wrote:maka wrote:Esstiko wrote:5 and 10 year floated. Maybe we wait for that 150Bn roads bond they want to issue The Kenya Roads Board (KRB) has received bids from a consortium of Citi bank, Absa, Renaissance Capital, Equity Group holdings and Rand Merchant Bank seeking to arrange a Ksh 150 Billion financing plan to fund roads development, maintenance, and rehabilitation. Further, Dyer and Blair and Africa Finance Corporation submitted a joint bid. According to Bloomberg, another group led by NCBA group, Standard Chartered, Co-operative bank, and KCB Group also submitted their bids. Standard Group’s Kenyan Unit and Lion’s head also belong to this last group. My understanding of this is that the banks will act as transaction advisors. What will be the role of CBK in this because KRB has been given the mandate to borrow funds for infrastructure development?
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