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12-Year Infrastructure Bond

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KulaRaha		#11 Posted : Thursday, September 08, 2011 9:54:17 AM
Rank: Elder Joined: 7/26/2007 Posts: 6,514		This bond will flop. Its too soon after all the recent upheavals, and perhaps the banks will show CBK the displeasure of how they have been handled recently. Business opportunities are like buses,there's always another one coming
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Mainat		#12 Posted : Thursday, September 08, 2011 10:10:30 AM
Rank: Veteran Joined: 11/21/2006 Posts: 1,590		I'd like to see some invention from CBK especially on these important Infrastructure bonds. Why not offer stepped interest rates depending on bid amount? Sehemu ndio nyumba
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maka		#13 Posted : Thursday, September 08, 2011 10:58:36 AM
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi		KulaRaha wrote: This bond will flop. Its too soon after all the recent upheavals, and perhaps the banks will show CBK the displeasure of how they have been handled recently. It won't flop with UK declaring the government is broke they really need this money,most definitely guys will go in at high rates but there will be some level of caution since there is some liquidity in the market from matured papers... possunt quia posse videntur
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kizee1		#14 Posted : Thursday, September 08, 2011 11:35:38 AM
Rank: Member Joined: 9/29/2010 Posts: 679 Location: nairobi		maka wrote: KulaRaha wrote: This bond will flop. Its too soon after all the recent upheavals, and perhaps the banks will show CBK the displeasure of how they have been handled recently. It won't flop with UK declaring the government is broke they really need this money,most definitely guys will go in at high rates but there will be some level of caution since there is some liquidity in the market from matured papers... matured papers yes, no one will trust CBK on rates anytime soon, guess funds and such will be keen, i dont see too many banks interested
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amolo		#15 Posted : Thursday, September 08, 2011 12:19:42 PM
Rank: Member Joined: 1/29/2007 Posts: 70		It is Non Competetive bids which are limited to a maximum of 20m. I have bought bonds several times in the past, my bids are never (and will never} reach 20m. My bids are always competetive and in most cases I've got at above weighted average rate, which is used for all non competetive bids.
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Ali Baba		#16 Posted : Thursday, September 08, 2011 1:05:25 PM
Rank: Member Joined: 8/29/2008 Posts: 573		AMOLO:Stop lying(this is not Hague),Non-Competitive bids maximum ceiling is Ksh 10 million and not shs20 million like you allege. Check the CBK website for confirmation.
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mukiha		#17 Posted : Thursday, September 08, 2011 1:39:02 PM
Rank: Elder Joined: 6/27/2008 Posts: 4,114		Ali Baba wrote: AMOLO:Stop lying(this is not Hague),Non-Competitive bids maximum ceiling is Ksh 10 million and not shs20 million like you allege. Check the CBK website for confirmation. I think @Amolo was only trying to clarify that there is no lower limit for competitive bids as long as they are above 50k. @Maka had suggested that one needs at least 20m to make a competitive bid. The truth is that while there is an upper limit for non-competitive bids, there isn't a lower one for competitive bids. Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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Ali Baba		#18 Posted : Thursday, September 08, 2011 2:00:50 PM
Rank: Member Joined: 8/29/2008 Posts: 573		MUKIHA: If that's the case,now I do get both of you.I agree.
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For Sport		#19 Posted : Thursday, September 08, 2011 5:30:42 PM
Rank: Veteran Joined: 12/23/2010 Posts: 1,229		mukiha wrote: 20b worth to finance energy roads and water. Coupon rate 12%, paid half-yearly Openning for sale on 16th Sept Value date 3rd Oct 2012 Redemption in three phases: 2015, 2019 and 2023 Period of sale: August 16th, 2011 - September 27,2011
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amolo		#20 Posted : Friday, September 09, 2011 11:37:50 AM
Rank: Member Joined: 1/29/2007 Posts: 70		This is the CBK link AlliBaba. The limit for non competetive bids is 20m. This is information in the public domain, what is there to disagree on! http://www.centralbank.g...st/91%20-%20Day/1915.jpg
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