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MugundaMan		#841 Posted : Saturday, January 27, 2018 8:33:36 AM
Rank: Elder Joined: 1/8/2018 Posts: 2,212 Location: DC (Dustbowl County)		AndyC wrote: If he is a first time investor then there is nothing to roll over as he is bidding. The rollover, i guess, is for investments that are maturing and the investors would like to apply for a current bid with the maturing funds instead of being paid. If an investor wants to roll over funds that will be maturing 3/6/12 months at the time of bidding it makes sense to say come a week to that time. Stuff happens . Plus CBK demands value date to match the next bill in order for the rollover to work, which is outright crazy. Bottom line CBK is still 1960's analog in our digital age. Can't even get a basic statement online or by SMS (smh). I predict bids would double overnight if such simple basic access was made available.
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maka		#842 Posted : Saturday, January 27, 2018 9:29:52 AM
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi		MugundaMan wrote: AndyC wrote: If he is a first time investor then there is nothing to roll over as he is bidding. The rollover, i guess, is for investments that are maturing and the investors would like to apply for a current bid with the maturing funds instead of being paid. If an investor wants to roll over funds that will be maturing 3/6/12 months at the time of bidding it makes sense to say come a week to that time. Stuff happens . Plus CBK demands value date to match the next bill in order for the rollover to work, which is outright crazy. Bottom line CBK is still 1960's analog in our digital age. Can't even get a basic statement online or by SMS (smh). I predict bids would double overnight if such simple basic access was made available. They never listen...smh. Vichwa ngumu sana... possunt quia posse videntur
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maka		#843 Posted : Saturday, January 27, 2018 9:32:56 AM
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi		AndyC wrote: Broke or not the government is clearly not interested in expensive money. They offer 40B receive bids of 55.7B and cherry pick 5B . The institutions must have demanded a higher interest rate. Maybe loaning to Shiku at 14% ain't so bad! It will be interesting esp with the eurobond the govt is planning... Banks might be squuezed out of the bond market... Wonder what they will do with the stockpile of cash... possunt quia posse videntur
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obiero		#844 Posted : Saturday, January 27, 2018 9:52:00 AM
Rank: Elder Joined: 6/23/2009 Posts: 14,213 Location: nairobi		maka wrote: AndyC wrote: Broke or not the government is clearly not interested in expensive money. They offer 40B receive bids of 55.7B and cherry pick 5B . The institutions must have demanded a higher interest rate. Maybe loaning to Shiku at 14% ain't so bad! It will be interesting esp with the eurobond the govt is planning... Banks might be squuezed out of the bond market... Wonder what they will do with the stockpile of cash... Kenya isn't the only option.. I know of tier 1 local banks that invest in North America via correspondent banks KQ ABP 4.26
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Impunity		#845 Posted : Wednesday, January 31, 2018 12:10:42 AM
Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada		What happened to talk of Yen bond? At one time the jubilee ngais were so keen to float a yen bond. Portfolio: Sold You know you've made it when you get a parking space for your yatcht.
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Angelica _ann		#846 Posted : Wednesday, January 31, 2018 1:46:02 AM
Rank: Elder Joined: 12/7/2012 Posts: 11,935		obiero wrote: maka wrote: AndyC wrote: Broke or not the government is clearly not interested in expensive money. They offer 40B receive bids of 55.7B and cherry pick 5B . The institutions must have demanded a higher interest rate. Maybe loaning to Shiku at 14% ain't so bad! It will be interesting esp with the eurobond the govt is planning... Banks might be squuezed out of the bond market... Wonder what they will do with the stockpile of cash... Kenya isn't the only option.. I know of tier 1 local banks that invest in North America via correspondent banks Meanwhile devolution is suffering, National Government refusal/delayed transfer of funds!!! 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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maka		#847 Posted : Wednesday, January 31, 2018 10:33:14 AM
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi		gatoho wrote: Liv wrote: AndyC wrote: Broke or not the government is clearly not interested in expensive money. They offer 40B receive bids of 55.7B and cherry pick 5B . The institutions must have demanded a higher interest rate. Maybe loaning to Shiku at 14% ain't so bad! Tap sale pap I thought tap happens when undersubscribed https://www.centralbank....20dated%2005-02-2018.pdf possunt quia posse videntur
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jawgey		#848 Posted : Wednesday, January 31, 2018 12:08:11 PM
Rank: Member Joined: 1/13/2014 Posts: 398 Location: Denmark		maka wrote: gatoho wrote: Liv wrote: [quote=AndyC]Broke or not the government is clearly not interested in expensive money. They offer 40B receive bids of 55.7B and cherry pick 5B . The institutions must have demanded a higher interest rate. Maybe loaning to Shiku at 14% ain't so bad! Tap sale pap I thought tap happens when undersubscribed https://www.centralbank....0dated%2005-02-2018.pdf[/quote] How do you tell the bond's tenure? Seeing is believing
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Angelica _ann		#849 Posted : Wednesday, January 31, 2018 12:24:30 PM
Rank: Elder Joined: 12/7/2012 Posts: 11,935		jawgey wrote: maka wrote: gatoho wrote: Liv wrote: [quote=AndyC]Broke or not the government is clearly not interested in expensive money. They offer 40B receive bids of 55.7B and cherry pick 5B . The institutions must have demanded a higher interest rate. Maybe loaning to Shiku at 14% ain't so bad! Tap sale pap I thought tap happens when undersubscribed https://www.centralbank....0dated%2005-02-2018.pdf[/quote] How do you tell the bond's tenure? This one is 15 years post #828 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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jawgey		#850 Posted : Wednesday, January 31, 2018 4:41:45 PM
Rank: Member Joined: 1/13/2014 Posts: 398 Location: Denmark		Angelica _ann wrote: jawgey wrote: maka wrote: gatoho wrote: Liv wrote: [quote=AndyC]Broke or not the government is clearly not interested in expensive money. They offer 40B receive bids of 55.7B and cherry pick 5B . The institutions must have demanded a higher interest rate. Maybe loaning to Shiku at 14% ain't so bad! Tap sale pap I thought tap happens when undersubscribed https://www.centralbank....0dated%2005-02-2018.pdf[/quote] How do you tell the bond's tenure? This one is 15 years post #828 Thanks Ann Seeing is believing
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