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Treasury Bills and Bonds
ngapat
#1721 Posted : Thursday, July 25, 2024 7:02:32 PM
Rank: Member


Joined: 12/11/2006
Posts: 884
samdoe wrote:
What could be the issue with the coupon of IFB1/2023/6.5 with a coupon rate 17.9327 %, someone has gotten an alert of coupon payment of 80,024.7 for an investment of 1,050,000 whereas it should be 94,146.675.

Is this an oversight, IFB are tax free and it shouldn't be hard to calculate the interest rate here.

Is there anything we're missing?

What's the interest rate for the reopened bond?
“Invest in yourself. Your career is the engine of your wealth.”
Kenyan Oracle
#1722 Posted : Monday, August 05, 2024 4:21:23 PM
Rank: Member


Joined: 5/31/2011
Posts: 250
ngapat wrote:
samdoe wrote:
What could be the issue with the coupon of IFB1/2023/6.5 with a coupon rate 17.9327 %, someone has gotten an alert of coupon payment of 80,024.7 for an investment of 1,050,000 whereas it should be 94,146.675.

Is this an oversight, IFB are tax free and it shouldn't be hard to calculate the interest rate here.

Is there anything we're missing?

What's the interest rate for the reopened bond?



IFB1/2023/6.5 -17.9327%
IFB1/2023/17 - 14.3990%
You lose money chasing women, but you never lose women chasing money - NAS
Monk
#1723 Posted : Tuesday, August 06, 2024 9:40:05 AM
Rank: Member


Joined: 7/1/2009
Posts: 256
"...the risk of government defaulting on local loans is becoming a reality every passing day..." - Senior Bank Managers.

https://www.the-star.co....papers-to-a-2-year-low/


winmak
#1724 Posted : Monday, August 19, 2024 5:14:14 PM
Rank: Member


Joined: 12/1/2007
Posts: 539
Location: Nakuru
Monk wrote:
"...the risk of government defaulting on local loans is becoming a reality every passing day..." - Senior Bank Managers.

https://www.the-star.co....papers-to-a-2-year-low/




wamelipa leo IFB1/2023/6.5... RTG ndani kabisaApplause Applause
For investors as a whole, returns decrease as motion increases ~ WB
ngapat
#1725 Posted : Tuesday, August 20, 2024 12:26:16 PM
Rank: Member


Joined: 12/11/2006
Posts: 884
winmak wrote:
Monk wrote:
"...the risk of government defaulting on local loans is becoming a reality every passing day..." - Senior Bank Managers.

https://www.the-star.co....papers-to-a-2-year-low/




wamelipa leo IFB1/2023/6.5... RTG ndani kabisaApplause Applause

I paid yesterday 19th Aug for this reopened bond. Will I be paid too?
“Invest in yourself. Your career is the engine of your wealth.”
jawgey
#1726 Posted : Wednesday, August 21, 2024 9:17:59 AM
Rank: Member


Joined: 1/13/2014
Posts: 386
Location: Denmark
ngapat wrote:
winmak wrote:
Monk wrote:
"...the risk of government defaulting on local loans is becoming a reality every passing day..." - Senior Bank Managers.

https://www.the-star.co....papers-to-a-2-year-low/




wamelipa leo IFB1/2023/6.5... RTG ndani kabisaApplause Applause

I paid yesterday 19th Aug for this reopened bond. Will I be paid too?

Yes, in your dreams :)
Seeing is believing
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