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Treasury Bills and Bonds
Taurrus
#681 Posted : Sunday, April 09, 2017 5:17:39 PM
Rank: Member


Joined: 8/25/2015
Posts: 839
Location: Kite
maka wrote:
muandiwambeu wrote:
Taurrus wrote:
maka wrote:
Chaka wrote:
How will over-subscription refunds be done,i,e when refunding,will withdrawal charges be catered for?

Taurrus wrote:
Dahatre wrote:
Taurrus wrote:

140K/day/person x 14 days

Haiiiya..are you serious? Cuz those are some serious chumz..Groceries for a couple of weeks in my household.

2M/Mobile numbersmile



Ummmh I think they will just take the whole amount whatever is subscribed I.e read somewhere they are at 16m....17000 accounts/applicants....

Hio 150M inaisha wed!smile

150m/(140k*19days) is approx. Over 50m mobile subscribers. Definitely it shall be undersuscribed.


Hopefully things will get better going forward...I dont like the bit they are allocating brokers...just opened an account and been allocated Suntra.

Which is a better broker we change?
Impunity
#682 Posted : Sunday, April 09, 2017 11:43:55 PM
Rank: Elder


Joined: 3/2/2009
Posts: 26,325
Location: Masada
Taurrus wrote:
maka wrote:
muandiwambeu wrote:
Taurrus wrote:
maka wrote:
Chaka wrote:
How will over-subscription refunds be done,i,e when refunding,will withdrawal charges be catered for?

Taurrus wrote:
Dahatre wrote:
Taurrus wrote:

140K/day/person x 14 days

Haiiiya..are you serious? Cuz those are some serious chumz..Groceries for a couple of weeks in my household.

2M/Mobile numbersmile



Ummmh I think they will just take the whole amount whatever is subscribed I.e read somewhere they are at 16m....17000 accounts/applicants....

Hio 150M inaisha wed!smile

150m/(140k*19days) is approx. Over 50m mobile subscribers. Definitely it shall be undersuscribed.


Hopefully things will get better going forward...I dont like the bit they are allocating brokers...just opened an account and been allocated Suntra.

Which is a better broker we change?


Wanjiku who bought bond on the mobile platform cannot change her broker.
Live with that fact
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.

maka
#683 Posted : Monday, April 10, 2017 11:09:43 AM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Si the government is focusing on short term papers...

3/8/10-1.4 years and 1/9/10-1.98 years...Primary auction for April.

https://www.centralbank....N%20dated%2024-04-17.pdf
possunt quia posse videntur
snipermnoma
#684 Posted : Tuesday, April 11, 2017 3:07:46 PM
Rank: Member


Joined: 1/3/2014
Posts: 257
Impunity wrote:
Taurrus wrote:
maka wrote:
muandiwambeu wrote:
Taurrus wrote:
maka wrote:
Chaka wrote:
How will over-subscription refunds be done,i,e when refunding,will withdrawal charges be catered for?

Taurrus wrote:
Dahatre wrote:
Taurrus wrote:

140K/day/person x 14 days

Haiiiya..are you serious? Cuz those are some serious chumz..Groceries for a couple of weeks in my household.

2M/Mobile numbersmile



Ummmh I think they will just take the whole amount whatever is subscribed I.e read somewhere they are at 16m....17000 accounts/applicants....

Hio 150M inaisha wed!smile

150m/(140k*19days) is approx. Over 50m mobile subscribers. Definitely it shall be undersuscribed.


Hopefully things will get better going forward...I dont like the bit they are allocating brokers...just opened an account and been allocated Suntra.

Which is a better broker we change?


Wanjiku who bought bond on the mobile platform cannot change her broker.
Live with that fact


Check via USSD to confirm. Option to change broker is there. That said, even though the option is available, better put some thought before changing brokers to make sure you have a need or reason to do so.
maka
#685 Posted : Tuesday, April 11, 2017 5:21:18 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
snipermnoma wrote:
Impunity wrote:
Taurrus wrote:
maka wrote:
muandiwambeu wrote:
Taurrus wrote:
maka wrote:
Chaka wrote:
How will over-subscription refunds be done,i,e when refunding,will withdrawal charges be catered for?

Taurrus wrote:
Dahatre wrote:
Taurrus wrote:

140K/day/person x 14 days

Haiiiya..are you serious? Cuz those are some serious chumz..Groceries for a couple of weeks in my household.

2M/Mobile numbersmile



Ummmh I think they will just take the whole amount whatever is subscribed I.e read somewhere they are at 16m....17000 accounts/applicants....

Hio 150M inaisha wed!smile

150m/(140k*19days) is approx. Over 50m mobile subscribers. Definitely it shall be undersuscribed.


Hopefully things will get better going forward...I dont like the bit they are allocating brokers...just opened an account and been allocated Suntra.

Which is a better broker we change?


Wanjiku who bought bond on the mobile platform cannot change her broker.
Live with that fact


Check via USSD to confirm. Option to change broker is there. That said, even though the option is available, better put some thought before changing brokers to make sure you have a need or reason to do so.


Failed to change broker please try again later.
possunt quia posse videntur
Impunity
#686 Posted : Wednesday, April 12, 2017 12:24:40 AM
Rank: Elder


Joined: 3/2/2009
Posts: 26,325
Location: Masada
maka wrote:
snipermnoma wrote:
Impunity wrote:
Taurrus wrote:
maka wrote:
muandiwambeu wrote:
Taurrus wrote:
maka wrote:
Chaka wrote:
How will over-subscription refunds be done,i,e when refunding,will withdrawal charges be catered for?

Taurrus wrote:
Dahatre wrote:
Taurrus wrote:

140K/day/person x 14 days

Haiiiya..are you serious? Cuz those are some serious chumz..Groceries for a couple of weeks in my household.

2M/Mobile numbersmile



Ummmh I think they will just take the whole amount whatever is subscribed I.e read somewhere they are at 16m....17000 accounts/applicants....

Hio 150M inaisha wed!smile

150m/(140k*19days) is approx. Over 50m mobile subscribers. Definitely it shall be undersuscribed.


Hopefully things will get better going forward...I dont like the bit they are allocating brokers...just opened an account and been allocated Suntra.

Which is a better broker we change?


Wanjiku who bought bond on the mobile platform cannot change her broker.
Live with that fact


Check via USSD to confirm. Option to change broker is there. That said, even though the option is available, better put some thought before changing brokers to make sure you have a need or reason to do so.


Failed to change broker please try again later.


Wanjiko cannot change the broker she was allocated.
SHE CANNOT.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.

Gatheuzi
#687 Posted : Tuesday, May 02, 2017 7:07:01 AM
Rank: Veteran


Joined: 8/16/2009
Posts: 994
Run to safety continues.....

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.
Taurrus
#688 Posted : Sunday, May 07, 2017 8:36:41 AM
Rank: Member


Joined: 8/25/2015
Posts: 839
Location: Kite
[quote=maka]Si the government is focusing on short term papers...

3/8/10-1.4 years and 1/9/10-1.98 years...Primary auction for April.

https://www.centralbank....%20dated%2024-04-17.pdf[/quote]



@Maka which number do one call CBK to get the results of T bills and Bonds and the amount to pay if outside the country and can one pay twice due to bank limits? Thanks
maka
#689 Posted : Sunday, May 07, 2017 9:43:37 AM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Taurrus wrote:
[quote=maka]Si the government is focusing on short term papers...

3/8/10-1.4 years and 1/9/10-1.98 years...Primary auction for April.

https://www.centralbank....%20dated%2024-04-17.pdf[/quote]

@Maka which number do one call CBK to get the results of T bills and Bonds and the amount to pay if outside the country and can one pay twice due to bank limits? Thanks


254202861000, +254202863000, Use any ask them it's info about an auction...I believe you can pay twice as long as the figures add up...since they will be mapped to one account
possunt quia posse videntur
Taurrus
#690 Posted : Sunday, May 07, 2017 12:15:07 PM
Rank: Member


Joined: 8/25/2015
Posts: 839
Location: Kite
maka wrote:
Taurrus wrote:
[quote=maka]Si the government is focusing on short term papers...

3/8/10-1.4 years and 1/9/10-1.98 years...Primary auction for April.

https://www.centralbank....%20dated%2024-04-17.pdf[/quote]

@Maka which number do one call CBK to get the results of T bills and Bonds and the amount to pay if outside the country and can one pay twice due to bank limits? Thanks


254202861000, +254202863000, Use any ask them it's info about an auction...I believe you can pay twice as long as the figures add up...since they will be mapped to one account



Shukran!
maka
#691 Posted : Tuesday, May 09, 2017 7:05:54 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi

FXD 2/2010/10 and FXD1/2009/15
possunt quia posse videntur
Taurrus
#692 Posted : Tuesday, May 09, 2017 8:49:45 PM
Rank: Member


Joined: 8/25/2015
Posts: 839
Location: Kite
maka wrote:

FXD 2/2010/10 and FXD1/2009/15

Long ago you started !
Impunity
#693 Posted : Tuesday, May 09, 2017 9:34:22 PM
Rank: Elder


Joined: 3/2/2009
Posts: 26,325
Location: Masada
maka wrote:

FXD 2/2010/10 and FXD1/2009/15


What is the coupon?

And by the way that EABL paper at 14.17% looks so so yummy...anyone?
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.

Taurrus
#694 Posted : Saturday, May 13, 2017 11:13:17 AM
Rank: Member


Joined: 8/25/2015
Posts: 839
Location: Kite
Taurrus wrote:
maka wrote:

FXD 2/2010/10 and FXD1/2009/15

Long ago you started !


Are there other hidden charges apart from WT?
Maths don't add up , lets work with 100K and 10.929% weighted average, 364 day, how much do one submit to CBK?
maka
#695 Posted : Monday, May 15, 2017 4:07:13 AM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Taurrus wrote:
Taurrus wrote:
maka wrote:

FXD 2/2010/10 and FXD1/2009/15

Long ago you started !


Are there other hidden charges apart from WT?
Maths don't add up , lets work with 100K and 10.929% weighted average, 364 day, how much do one submit to CBK?


0 hidden charges...thats for which paper?Check the prospectus here...

https://www.centralbank....17%20-%20Prospectus.pdf

lets work with 2/10/10 which is effectively a 3 year paper...

Year YIELDS FOR THE WEEK ENDING
91 day 8.7260
182 day 10.4070
1 10.9290
2 11.9093
3 12.3584
4 12.4816

From the NSE yield curve a 3 year paper should be trading at 12.3584...If you bid and get the paper at roughly 12.5% you will pay 91.305 for every 100...you will remit 91,350 to CBK...




possunt quia posse videntur
maka
#696 Posted : Monday, May 15, 2017 11:23:46 AM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Impunity wrote:
maka wrote:

FXD 2/2010/10 and FXD1/2009/15


What is the coupon?

And by the way that EABL paper at 14.17% looks so so yummy...anyone?


12.0445% net...
possunt quia posse videntur
Taurrus
#697 Posted : Monday, May 15, 2017 1:02:34 PM
Rank: Member


Joined: 8/25/2015
Posts: 839
Location: Kite
maka wrote:
Taurrus wrote:
Taurrus wrote:
maka wrote:

FXD 2/2010/10 and FXD1/2009/15

Long ago you started !


Are there other hidden charges apart from WT?
Maths don't add up , lets work with 100K and 10.929% weighted average, 364 day, how much do one submit to CBK?


0 hidden charges...thats for which paper?Check the prospectus here...

https://www.centralbank....17%20-%20Prospectus.pdf

lets work with 2/10/10 which is effectively a 3 year paper...

Year YIELDS FOR THE WEEK ENDING
91 day 8.7260
182 day 10.4070
1 10.9290
2 11.9093
3 12.3584
4 12.4816

From the NSE yield curve a 3 year paper should be trading at 12.3584...If you bid and get the paper at roughly 12.5% you will pay 91.305 for every 100...you will remit 91,350 to CBK...







Sorry, this is for T bill 2123

https://www.centralbank....0dated%2015.05.2017.pdf

My maths with above % and what CBK is asking is different . why l seem not to get.WT @15%
maka
#698 Posted : Monday, May 15, 2017 1:12:38 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Taurrus wrote:
maka wrote:
Taurrus wrote:
Taurrus wrote:
maka wrote:

FXD 2/2010/10 and FXD1/2009/15

Long ago you started !


Are there other hidden charges apart from WT?
Maths don't add up , lets work with 100K and 10.929% weighted average, 364 day, how much do one submit to CBK?


0 hidden charges...thats for which paper?Check the prospectus here...

https://www.centralbank....17%20-%20Prospectus.pdf

lets work with 2/10/10 which is effectively a 3 year paper...

Year YIELDS FOR THE WEEK ENDING
91 day 8.7260
182 day 10.4070
1 10.9290
2 11.9093
3 12.3584
4 12.4816

From the NSE yield curve a 3 year paper should be trading at 12.3584...If you bid and get the paper at roughly 12.5% you will pay 91.305 for every 100...you will remit 91,350 to CBK...







Sorry, this is for T bill 2123

https://www.centralbank....0dated%2015.05.2017.pdf

My maths with above % and what CBK is asking is different . why l seem not to get.WT @15%


Rephrase...and note that WTH for bonds 10 years and above is 15%...
possunt quia posse videntur
MatataMingi
#699 Posted : Monday, May 15, 2017 3:22:45 PM
Rank: Member


Joined: 11/17/2009
Posts: 395
Location: Where everyone knows you
@Maka,

Tax on 10 year and above is 10%.
Below 10 years is 15 %
maka
#700 Posted : Monday, May 15, 2017 3:30:14 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
MatataMingi wrote:
@Maka,

Tax on 10 year and above is 10%.
Below 10 years is 15 %


Yes thats correct...mixed them up...
possunt quia posse videntur
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