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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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poundfoolish wrote:Repercussions? The Sh8b question as banks bail out Government to help it repay loan Link: http://goo.gl/J9JX9M
Dicey affair,I am positive that the eurobond uptake will be good,short of that we,l be in for a bumpy ride... possunt quia posse videntur
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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What price will it go for? 9%? Business opportunities are like buses,there's always another one coming
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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KulaRaha wrote:What price will it go for? 9%? I,l still stick to my 7.25% to 7.75% that i quoted in the dummy book running thread... possunt quia posse videntur
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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maka wrote:KulaRaha wrote:What price will it go for? 9%? I,l still stick to my 7.25% to 7.75% that i quoted in the dummy book running thread... 7.5% should be max. Above that it doesn't make sense for KE to float the bond.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: User Joined: 1/20/2014 Posts: 3,528
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hisah wrote:maka wrote:KulaRaha wrote:What price will it go for? 9%? I,l still stick to my 7.25% to 7.75% that i quoted in the dummy book running thread... 7.5% should be max. Above that it doesn't make sense for KE to float the bond. How did it move from about 4.5% to 7.5% Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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Rank: Member Joined: 9/29/2010 Posts: 679 Location: nairobi
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Othelo wrote:hisah wrote:maka wrote:KulaRaha wrote:What price will it go for? 9%? I,l still stick to my 7.25% to 7.75% that i quoted in the dummy book running thread... 7.5% should be max. Above that it doesn't make sense for KE to float the bond. How did it move from about 4.5% to 7.5% this is a very good question given that the syndicated loan is @ 4.5
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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kizee1 wrote:Othelo wrote:hisah wrote:maka wrote:KulaRaha wrote:What price will it go for? 9%? I,l still stick to my 7.25% to 7.75% that i quoted in the dummy book running thread... 7.5% should be max. Above that it doesn't make sense for KE to float the bond. How did it move from about 4.5% to 7.5% this is a very good question given that the syndicated loan is @ 4.5 A lot has changed. Fed tapering, KE negative terror scene publicity, rolling over the May pay for the syndicate loan etc. Hard for KE to get a rate below 6% if you compare it with the latest issues from Ghana and Nigeria or Gabon. Bond sharks will want higher yields to price in the current status, which KE can't call the shots from its current position.
**4.5% will be a miracle**
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 3/10/2008 Posts: 301 Location: Abu Dhabi
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If the syndication banks had priced in a spread of 475bps, and current 10Y swaps are at 2.60%, 7% on the 10Y note would be the ballpark (bearing in mind the syndicate banks "agree" jointly on how wide the spread can be).
Zambia (similar credit rating as KE), last month issued $1b @ 8.625% (vs demand of $ 4.25B)
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Rank: Member Joined: 9/29/2010 Posts: 679 Location: nairobi
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hisah wrote:kizee1 wrote:Othelo wrote:hisah wrote:maka wrote:KulaRaha wrote:What price will it go for? 9%? I,l still stick to my 7.25% to 7.75% that i quoted in the dummy book running thread... 7.5% should be max. Above that it doesn't make sense for KE to float the bond. How did it move from about 4.5% to 7.5% this is a very good question given that the syndicated loan is @ 4.5 A lot has changed. Fed tapering, KE negative terror scene publicity, rolling over the May pay for the syndicate loan etc. Hard for KE to get a rate below 6% if you compare it with the latest issues from Ghana and Nigeria or Gabon. Bond sharks will want higher yields to price in the current status, which KE can't call the shots from its current position.
**4.5% will be a miracle**
some parties were willing to roll this over @ 4.5,even at the time of this borrowing likes of ghana were borrowing at 7/8 percent, what is tenor of this eurobond anyway
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Rank: Veteran Joined: 2/10/2010 Posts: 1,001 Location: River Road
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The Eurobond didn't help Ghana and Zambia Quote:African economies are securing new funds through resource finds or dollar bonds but many governments face questions over how they use the money and risk being punished by international capital markets.
Read the original article on Theafricareport.com : Ghana, Zambia spending spree faces punishment by markets | West Africa
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