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Centum HY17
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Ericsson
#31 Posted : Wednesday, April 05, 2017 12:34:24 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
And as usual sold to South Africans which DJ CK is famous for
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#32 Posted : Wednesday, April 12, 2017 1:34:20 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Two Rivers seeks Sh2bn to fund real estate plans


Two Rivers Development Limited (TRDL), a company partly owned by investment firm Centum is seeking to raise Sh2 billion through short-term debt to fund its real estate projects.


TRDL, whose other shareholders are Aviation Industry Corp of China (Avic), and the Industrial and Commercial Development Corporation, is issuing a one-year note with an interest rate offer of 14.5 per cent.
Centum Investments, which owns 58 per cent of TRDL, will guarantee the note

Madeni will finish Centum

http://www.businessdaily...6510-hj9andz/index.html
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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snipermnoma
#33 Posted : Wednesday, April 12, 2017 4:01:59 PM
Rank: Member

Joined: 1/3/2014
Posts: 257
Ericsson wrote:
Two Rivers seeks Sh2bn to fund real estate plans


Two Rivers Development Limited (TRDL), a company partly owned by investment firm Centum is seeking to raise Sh2 billion through short-term debt to fund its real estate projects.


TRDL, whose other shareholders are Aviation Industry Corp of China (Avic), and the Industrial and Commercial Development Corporation, is issuing a one-year note with an interest rate offer of 14.5 per cent.
Centum Investments, which owns 58 per cent of TRDL, will guarantee the note

Madeni will finish Centum

http://www.businessdaily...6510-hj9andz/index.html


If it is a 1 year note why not just get it from a bank e.g. Sidian at the max rate of 14%?
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Ericsson
#34 Posted : Wednesday, April 12, 2017 4:25:53 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
snipermnoma wrote:
Ericsson wrote:
Two Rivers seeks Sh2bn to fund real estate plans


Two Rivers Development Limited (TRDL), a company partly owned by investment firm Centum is seeking to raise Sh2 billion through short-term debt to fund its real estate projects.


TRDL, whose other shareholders are Aviation Industry Corp of China (Avic), and the Industrial and Commercial Development Corporation, is issuing a one-year note with an interest rate offer of 14.5 per cent.
Centum Investments, which owns 58 per cent of TRDL, will guarantee the note

Madeni will finish Centum

http://www.businessdaily...6510-hj9andz/index.html


If it is a 1 year note why not just get it from a bank e.g. Sidian at the max rate of 14%?


Core capital of Sidian Bank can't allow loan of sh.2bn to one customer
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Gatheuzi
#35 Posted : Thursday, April 13, 2017 6:56:28 AM
Rank: Veteran

Joined: 8/16/2009
Posts: 994
Business Daily wrote:
“The totality of TRDL was valued at Sh41 billion as at March 2016, representing an uplift of 41 times over the price paid for the land in 2011,” TRDL’s prospectus states.
Can we give an applaude to Centum Employees! Sorry, I mean can we give another Billion in Cash. NAV has hit the roof folks. We can afford it from cash proceeds raised from sale of KWAL to South Aricans.
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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  | | Edit by user: Thursday, April 13, 2017 6:58 AM | Reason: Not specified
snipermnoma
#36 Posted : Thursday, April 13, 2017 9:20:17 AM
Rank: Member

Joined: 1/3/2014
Posts: 257
Ericsson wrote:
snipermnoma wrote:
Ericsson wrote:
Two Rivers seeks Sh2bn to fund real estate plans


Two Rivers Development Limited (TRDL), a company partly owned by investment firm Centum is seeking to raise Sh2 billion through short-term debt to fund its real estate projects.


TRDL, whose other shareholders are Aviation Industry Corp of China (Avic), and the Industrial and Commercial Development Corporation, is issuing a one-year note with an interest rate offer of 14.5 per cent.
Centum Investments, which owns 58 per cent of TRDL, will guarantee the note

Madeni will finish Centum

http://www.businessdaily...6510-hj9andz/index.html


If it is a 1 year note why not just get it from a bank e.g. Sidian at the max rate of 14%?


Core capital of Sidian Bank can't allow loan of sh.2bn to one customer


Ok so Sidian was a stretch...I only threw their name since they are owned by Centum. The main point of my question is why a bond and not a bank? A loan would attract less interest and would also avoid the extra administrative costs of floating a bond.
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Ericsson
#37 Posted : Thursday, April 13, 2017 10:16:39 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Things are thick at Centum aka Two Rivers
Even the sale of KWAL stake didn't help much

Two Rivers selling land for Sh5.6bn to pay debt
Two Rivers Development Limited (TRDL), a company partly owned by investment firm Centum, plans to sell several pieces of land for Sh5.6 billion to repay a short-term debt it is seeking to fund its real estate projects.


http://www.businessdaily...888140-ke06ly/index.html
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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dsktop
#38 Posted : Thursday, April 13, 2017 2:12:28 PM
Rank: Member

Joined: 12/17/2007
Posts: 53
Centum is a very nice house, palace even, Taj Mahal-esque....but built on sand!
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Angelica _ann
#39 Posted : Thursday, April 13, 2017 2:22:59 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
These plots sales are expected to finance the retirement of the one-year note as well as contribute to the over Sh1 billion projected profit after tax,” TRDL says in the private offer’s prospectus.

smile
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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kawi254
#40 Posted : Thursday, April 13, 2017 5:14:29 PM
Rank: Member

Joined: 2/20/2015
Posts: 468
Location: Nairobi
na bado Centum haven't taken new loans to fund Amu Power.
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