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Kenya Airways...why ignore..
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obiero
#8111 Posted : Wednesday, July 26, 2017 10:00:43 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,211
Location: nairobi
actuarywahisa wrote:
@Obiero... Paka inaendelea kuanguka! Sub 4 by around elections.

Temporary insanity

KQ ABP 4.26
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obiero
#8112 Posted : Wednesday, July 26, 2017 10:48:42 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,211
Location: nairobi
At least some good news http://www.businessdaily...033592-hosag6/index.html

KQ ABP 4.26
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VituVingiSana
#8113 Posted : Thursday, July 27, 2017 12:40:51 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,344
Location: Nairobi
obiero wrote:
VituVingiSana wrote:
Sigh, I see all my (investee) banks are on here!
Equity, NIC, DTB and I&M ... At least I am not in KQ.
Even though it hurts, I am sure they can survive the blow of 100% NPLs coz of KQ. Some may havealready NPL'd part of the loans given to KQ.

Your banks are also very weird.. not supporting the good plans by KQ


Well, if KQ can service the loans first per the Loan Agreements, then I am sure my banks would look at lending to KQ.

Those who approved the loans made to KQ should be fired and sued for professional negligence. I am glad Equity has taken a stand. It's a pity that NIC, I&M and DTB are acting like sheep.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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obiero
#8114 Posted : Thursday, July 27, 2017 7:00:03 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,211
Location: nairobi
VituVingiSana wrote:
obiero wrote:
VituVingiSana wrote:
Sigh, I see all my (investee) banks are on here!
Equity, NIC, DTB and I&M ... At least I am not in KQ.
Even though it hurts, I am sure they can survive the blow of 100% NPLs coz of KQ. Some may havealready NPL'd part of the loans given to KQ.

Your banks are also very weird.. not supporting the good plans by KQ


Well, if KQ can service the loans first per the Loan Agreements, then I am sure my banks would look at lending to KQ.

Those who approved the loans made to KQ should be fired and sued for professional negligence. I am glad Equity has taken a stand. It's a pity that NIC, I&M and DTB are acting like sheep.

@vvs for top tier banks to lend such significant sums shows that there's something about KQ that you don't know. Meanwhile Equity will be bundled into the transaction by votes. Unless they want to reposses a GoK 787.. What options do they really have in auctioning GoK

KQ ABP 4.26
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winston
#8115 Posted : Thursday, July 27, 2017 8:16:03 AM
Rank: Member

Joined: 4/14/2010
Posts: 806
Location: Nairobi
heri wrote:
Ericsson wrote:
List of Lenders and the amounts owed by KQ
Equity Bank sh.5.15bn Maturing 26 Oct 2016
National Bank sh.3.502bn Maturing 29 Jan 2023
Co-op Bank sh.3.296bn Maturing 4 Oct 2022
CBA sh.3.09bn Maturing 26 Feb 2017
NIC Bank sh.2.06bn Maturing 31 Dec 2022
KCB sh.2.06bn Maturing 31 May 2016
DTB sh.2.06bn Maturing 31 Jan 2023
I&M Bank sh.824mn Maturing 31 Dec 2022
Ecobank sh.824mn Maturing 31 Dec 2022
Chase Bank sh.721mn Maturing 21 Jan 2021
Jamii Bora sh.412mn Maturing 30 Mar 2020



Woi, my DTB . will it stomach such a huge NPL


Wont the NPL's be reversed upon conversion of debt to equity?
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obiero
#8116 Posted : Thursday, July 27, 2017 8:38:52 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,211
Location: nairobi
winston wrote:
heri wrote:
Ericsson wrote:
List of Lenders and the amounts owed by KQ
Equity Bank sh.5.15bn Maturing 26 Oct 2016
National Bank sh.3.502bn Maturing 29 Jan 2023
Co-op Bank sh.3.296bn Maturing 4 Oct 2022
CBA sh.3.09bn Maturing 26 Feb 2017
NIC Bank sh.2.06bn Maturing 31 Dec 2022
KCB sh.2.06bn Maturing 31 May 2016
DTB sh.2.06bn Maturing 31 Jan 2023
I&M Bank sh.824mn Maturing 31 Dec 2022
Ecobank sh.824mn Maturing 31 Dec 2022
Chase Bank sh.721mn Maturing 21 Jan 2021
Jamii Bora sh.412mn Maturing 30 Mar 2020



Woi, my DTB . will it stomach such a huge NPL


Wont the NPL's be reversed upon conversion of debt to equity?

I don't think that will be the case. CBK prudential guidelines do not cover for the same. The debt would need to be settled from the sale of the converted equity

KQ ABP 4.26
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actuarywahisa
#8117 Posted : Thursday, July 27, 2017 9:58:33 AM
Rank: Member

Joined: 5/21/2014
Posts: 184
Impunity wrote:
heri wrote:
littledove wrote:
http://www.businessdailyafrica.com/corporate/companies/KQ-seeks-court-backing-in-debt-swap-war-with-banks/4003102-4032514-10kxs5c/index.html
If KQ gets a court approval, three banks opposed to the debt-to-equity proposals will be forced to follow their consenting peers and the Treasury down the rabbit hole as they will be deemed to have opted for the shares plus bond option “by default”.
People familiar with the transaction say Equity, Jamii Bora and Ecobank are holding out against the debt conversion plan, arguing that they “were not consulted.”
The three are collectively owed Sh6.4 billion (or just 13 per cent of the outstanding debt).


Banks in trouble. If it is not KQ it is Nakummatt all piling up on NPLs


I would like to know how much Jamii Bora is owed.And why a big firm like KQ went to borrow money from Jamii Bora.


Why Jamii Bora? Either
1) KQ was desperate at the time or
2) Jamii Bora was desperate and made the assumption that KQ must be fine
There are too many opportunities all around. Open your eyes and maybe you'll spot one
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Ericsson
#8118 Posted : Thursday, July 27, 2017 10:00:06 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Commercial banks that agree to swap their multi-billion shilling debt for a stake in Kenya Airways will be required to lend the airline an extra Sh18.1 billion at an interest rate of about 6.65 per cent, principally to refurbish aircraft engines.

http://www.businessdaily...033642-md5wrz/index.html
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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lochaz-index
#8119 Posted : Thursday, July 27, 2017 10:28:11 AM
Rank: Veteran

Joined: 9/18/2014
Posts: 1,127
Ericsson wrote:
Commercial banks that agree to swap their multi-billion shilling debt for a stake in Kenya Airways will be required to lend the airline an extra Sh18.1 billion at an interest rate of about 6.65 per cent, principally to refurbish aircraft engines.

http://www.businessdaily...33642-md5wrz/index.html

GoK strong arms the banks into yet another rabbit hole.
The main purpose of the stock market is to make fools of as many people as possible.
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obiero
#8120 Posted : Thursday, July 27, 2017 10:45:23 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,211
Location: nairobi
lochaz-index wrote:
Ericsson wrote:
Commercial banks that agree to swap their multi-billion shilling debt for a stake in Kenya Airways will be required to lend the airline an extra Sh18.1 billion at an interest rate of about 6.65 per cent, principally to refurbish aircraft engines.

http://www.businessdaily...33642-md5wrz/index.html

GoK strong arms the banks into yet another rabbit hole.

This clarification was on the initial circular. Kama watu hawakusoma shauri yao

KQ ABP 4.26
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