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Treasury Bills and Bonds
Taurrus
#701 Posted : Monday, May 15, 2017 5:27:35 PM
Rank: Member


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


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%[/quote]

Rephrase...and note that WTH for bonds 10 years and above is 15%...
[/quote]

The result for T bill[2123] 364 days with weighted average interest of 10.929%,now assuming the coupon value is 100,000/- how much is one supposed to pay CBK inclusive WT?
Angelica _ann
#702 Posted : Monday, May 15, 2017 5:51:51 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,901
Taurrus wrote:


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%...
[/quote]

The result for T bill[2123] 364 days with weighted average interest of 10.929%,now assuming the coupon value is 100,000/- how much is one supposed to pay CBK inclusive WT?[/quote]

90,710.35 or the nearest answer smile
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Taurrus
#703 Posted : Monday, May 15, 2017 6:28:37 PM
Rank: Member


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


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%...


The result for T bill[2123] 364 days with weighted average interest of 10.929%,now assuming the coupon value is 100,000/- how much is one supposed to pay CBK inclusive WT?[/quote]

90,710.35 or the nearest answer smile
[/quote]
Thought so but
Why then 91,646.20?
Pesa Nane
#704 Posted : Monday, May 15, 2017 6:42:36 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Taurrus wrote:
Angelica _ann wrote:
Taurrus wrote:
Angelica _ann wrote:
Taurrus wrote:


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%...



The result for T bill[2123] 364 days with weighted average interest of 10.929%,now assuming the coupon value is 100,000/- how much is one supposed to pay CBK inclusive WT?


90,710.35 or the nearest answer smile



Why then 91,646.20?


Settlement Price = Clean Price (Ksh. 90.172) + Accrued Interest.

Find the accrued interest from the bill prospectus
Pesa Nane plans to be shilingi when he grows up.
maka
#705 Posted : Monday, May 15, 2017 8:28:55 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Pesa Nane wrote:
Taurrus wrote:
Angelica _ann wrote:
Taurrus wrote:
Angelica _ann wrote:
Taurrus wrote:


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%...



The result for T bill[2123] 364 days with weighted average interest of 10.929%,now assuming the coupon value is 100,000/- how much is one supposed to pay CBK inclusive WT?


90,710.35 or the nearest answer smile



Why then 91,646.20?


Settlement Price = Clean Price (Ksh. 90.172) + Accrued Interest.

Find the accrued interest from the bill prospectus


Si thats same as dirty price...Eh?
possunt quia posse videntur
Taurrus
#706 Posted : Monday, May 15, 2017 9:21:31 PM
Rank: Member


Joined: 8/25/2015
Posts: 839
Location: Kite
Pesa Nane wrote:
Taurrus wrote:
Angelica _ann wrote:
Taurrus wrote:
Angelica _ann wrote:
Taurrus wrote:


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%...



The result for T bill[2123] 364 days with weighted average interest of 10.929%,now assuming the coupon value is 100,000/- how much is one supposed to pay CBK inclusive WT?


90,710.35 or the nearest answer smile



Why then 91,646.20?


Settlement Price = Clean Price (Ksh. 90.172) + Accrued Interest.

Find the accrued interest from the bill prospectus

Ghai! nothing straight forward where money is concerned !Sad

Pesa Nane
#707 Posted : Monday, May 15, 2017 9:55:00 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Taurrus wrote:
Pesa Nane wrote:
Taurrus wrote:
Angelica _ann wrote:
Taurrus wrote:
Angelica _ann wrote:
Taurrus wrote:


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%...



The result for T bill[2123] 364 days with weighted average interest of 10.929%,now assuming the coupon value is 100,000/- how much is one supposed to pay CBK inclusive WT?


90,710.35 or the nearest answer smile



Why then 91,646.20?


Settlement Price = Clean Price (Ksh. 90.172) + Accrued Interest.

Find the accrued interest from the bill prospectus

Ghai! nothing straight forward where money is concerned !Sad


Its quite straight forward. Place the prospectus here we do the math.
Pesa Nane plans to be shilingi when he grows up.
Taurrus
#708 Posted : Tuesday, May 16, 2017 9:06:22 PM
Rank: Member


Joined: 8/25/2015
Posts: 839
Location: Kite
Pesa Nane wrote:
Taurrus wrote:
Pesa Nane wrote:
Taurrus wrote:
Angelica _ann wrote:
Taurrus wrote:
Angelica _ann wrote:
Taurrus wrote:


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%...



The result for T bill[2123] 364 days with weighted average interest of 10.929%,now assuming the coupon value is 100,000/- how much is one supposed to pay CBK inclusive WT?


90,710.35 or the nearest answer smile



Why then 91,646.20?


Settlement Price = Clean Price (Ksh. 90.172) + Accrued Interest.

Find the accrued interest from the bill prospectus

Ghai! nothing straight forward where money is concerned !Sad


Its quite straight forward. Place the prospectus here we do the math.

T Bills ziko na prospectus kweli? forgive am newbie !!
results here
https://www.centralbank....20dated%2015.05.2017.pdf
Pesa Nane
#709 Posted : Tuesday, May 16, 2017 11:20:12 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Taurrus wrote:
Pesa Nane wrote:
Taurrus wrote:
Pesa Nane wrote:
Taurrus wrote:
Angelica _ann wrote:
Taurrus wrote:
Angelica _ann wrote:
Taurrus wrote:


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%...



The result for T bill[2123] 364 days with weighted average interest of 10.929%,now assuming the coupon value is 100,000/- how much is one supposed to pay CBK inclusive WT?


90,710.35 or the nearest answer smile



Why then 91,646.20?


Settlement Price = Clean Price (Ksh. 90.172) + Accrued Interest.

Find the accrued interest from the bill prospectus

Ghai! nothing straight forward where money is concerned !Sad


Its quite straight forward. Place the prospectus here we do the math.

T Bills ziko na prospectus kweli? forgive am newbie !!
results here
https://www.centralbank....0dated%2015.05.2017.pdf

My pardon for that. Assumed we were talking T-BONDS. For T-Bond, now you know.

Back to your T-BILL.
Settlement Price = Quote Price + Tax (15%)
TAx = 15% of discount amount (Face value less quote price)

Settlement = Ksh 90,172 + {15% of (100,000 - 90,172)}
Settlement = Ksh 90,172 + (15% of 9,828)
Settlement = Ksh 90,172 + 1,474.20
Settlement = Ksh 91,646.20

Mystery solved! smile
Pesa Nane plans to be shilingi when he grows up.
Taurrus
#710 Posted : Wednesday, May 17, 2017 10:51:16 AM
Rank: Member


Joined: 8/25/2015
Posts: 839
Location: Kite
And how did you get 90 172?
Pesa Nane
#711 Posted : Wednesday, May 17, 2017 12:58:54 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Taurrus wrote:
And how did you get 90 172?




At the quoted average yield of 10.929%, the price per Ksh. 100.00 is Ksh. 90.172.

Price per Ksh. 100 = Ksh. 90.172
Price per Ksh. 100k= Ksh. 90.172 X 1000
Price per Ksh. 100k= Ksh. 90,172.00



Pesa Nane plans to be shilingi when he grows up.
Angelica _ann
#712 Posted : Wednesday, May 17, 2017 1:15:59 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,901
Pesa Nane wrote:
Taurrus wrote:
And how did you get 90 172?




At the quoted average yield of 10.929%, the price per Ksh. 100.00 is Ksh. 90.172.

Price per Ksh. 100 = Ksh. 90.172
Price per Ksh. 100k= Ksh. 90.172 X 1000
Price per Ksh. 100k= Ksh. 90,172.00





Thanks Pesa8 for the simplified maths, though it makes me/us look baad Laughing out loudly Laughing out loudly Laughing out loudly . I like @Taurrus, he kept on asking Applause Applause Applause
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Taurrus
#713 Posted : Wednesday, May 17, 2017 2:20:40 PM
Rank: Member


Joined: 8/25/2015
Posts: 839
Location: Kite
Angelica _ann wrote:
Pesa Nane wrote:
Taurrus wrote:
And how did you get 90 172?




At the quoted average yield of 10.929%, the price per Ksh. 100.00 is Ksh. 90.172.

Price per Ksh. 100 = Ksh. 90.172
Price per Ksh. 100k= Ksh. 90.172 X 1000
Price per Ksh. 100k= Ksh. 90,172.00





Thanks Pesa8 for the simplified maths, though it makes me/us look baad Laughing out loudly Laughing out loudly Laughing out loudly . I like @Taurrus, he kept on asking Applause Applause Applause


Thanks very much, now I know!Applause
@AA l am still doubting my calculator app maybe kuna hack ndani yake! 10.929% of 100?
Shukran pesa8
maka
#714 Posted : Thursday, May 18, 2017 6:59:01 AM
Rank: Elder


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

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


possunt quia posse videntur
Taurrus
#715 Posted : Thursday, May 18, 2017 11:49:36 AM
Rank: Member


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

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



@Maka interest ya 9.3% na 12.5% taxed ni poa for such a long time ?
maka
#716 Posted : Thursday, May 18, 2017 12:01:33 PM
Rank: Elder


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

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



@Maka interest ya 9.3% na 12.5% taxed ni poa for such a long time ?


Ummmh No...
possunt quia posse videntur
Ericsson
#717 Posted : Thursday, May 18, 2017 1:15:55 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,626
Location: NAIROBI
The govt plan in the 2016/17 budget was to borrow Shs.612bn from the domestic market.
By end of Dec 16, it was increased to Shs.912bn.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Pesa Nane
#718 Posted : Thursday, May 18, 2017 2:02:38 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Ericsson wrote:
The govt plan in the 2016/17 budget was to borrow Shs.612bn from the domestic market.
By end of Dec 16, it was increased to Shs.912bn.


How much has so far been borrowed locally?
Pesa Nane plans to be shilingi when he grows up.
Pesa Nane
#719 Posted : Thursday, May 18, 2017 2:10:52 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
maka wrote:
Taurrus wrote:
maka wrote:
maka wrote:

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



@Maka interest ya 9.3% na 12.5% taxed ni poa for such a long time ?


Ummmh No...


Your yield will be much higher than the 9.3% interest since you are buying at a lower price and not at par. Simplified,..... you will only pay 92K BUT interest calculation will be 9.3% of 100K.
Pesa Nane plans to be shilingi when he grows up.
maka
#720 Posted : Thursday, May 18, 2017 2:21:55 PM
Rank: Elder


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

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



@Maka interest ya 9.3% na 12.5% taxed ni poa for such a long time ?


Ummmh No...


Your yield will be much higher than the 9.3% interest since you are buying at a lower price and not at par. Simplified,..... you will only pay 92K BUT interest calculation will be 9.3% of 100K.


9.3/92.093 * 100 = 10.09 Net 10.09*0.9 = 9.0886
possunt quia posse videntur
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