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30yr bond at 12%. Any takers?
Rank: Member Joined: 4/14/2011 Posts: 639
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Gaudente2 wrote:on the NSE site I see a price of 81.30 for this bond, meaning a yield to maturity of about 15% ... is that price real or is the market illiquid ? Forgive my ignorance but does it mean that if I buy the bond at 81.3 I wil get 12.5 sh. Every year?does this return rate vary?
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Rank: Member Joined: 9/29/2010 Posts: 679 Location: nairobi
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it means that the bond is trading at 81.3pct of face value...the coupon is fixed at 12.5...bey...the 2 way price on the 30yr is actually 77.671/79.203....either way its heavily discounted lol..
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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Hunderwear, it also means that if you invest in it today and assuming we get prudent GoK managers over the next 20 years, you have some 19% gain to look forward to as well as 12% every year. At least worth a punt on that basis. Sehemu ndio nyumba
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Rank: Member Joined: 1/3/2011 Posts: 264 Location: Nairobi
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cbk has failed to lure banks and fund managers to buy its paper and is now seeking the public to do so.
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Wazua
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30yr bond at 12%. Any takers?
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