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Treasury Bills and Bonds
Queen
#1661 Posted : Wednesday, July 12, 2023 9:17:09 PM
Rank: Member


Joined: 11/21/2018
Posts: 564
Location: Britain
MatataMingi wrote:
That is what I am doing.
I am investing in 90 day bills on a monthly basis.
therefore, some funds would be available if a juicy bond comes about.
Otherwise, I just rollover the maturing T Bill, and get a better interest.


The danger is that a juicy IFB might be floated when a sizeable amount of your cash is locked up in the 91days bills.
Queen
#1662 Posted : Thursday, July 13, 2023 1:55:06 PM
Rank: Member


Joined: 11/21/2018
Posts: 564
Location: Britain
The latest 5year bond has a coupon rate of 16.844%.
22% coupon rate, here we come!
heri
#1663 Posted : Thursday, July 13, 2023 3:22:28 PM
Rank: Member


Joined: 9/14/2011
Posts: 834
Location: nairobi
Queen wrote:
The latest 5year bond has a coupon rate of 16.844%.
22% coupon rate, here we come!


Is the servicing of the debts at those rates still sustainable
deadpoet
#1664 Posted : Thursday, July 13, 2023 8:00:41 PM
Rank: Member


Joined: 9/27/2006
Posts: 503
heri wrote:
Queen wrote:
The latest 5year bond has a coupon rate of 16.844%.
22% coupon rate, here we come!


Is the servicing of the debts at those rates still sustainable


I'd be worried too. Ghanaian bondholders got a 50% haircut on their investments.
Angelica _ann
#1665 Posted : Friday, July 14, 2023 12:33:53 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,908
deadpoet wrote:
heri wrote:
Queen wrote:
The latest 5year bond has a coupon rate of 16.844%.
22% coupon rate, here we come!


Is the servicing of the debts at those rates still sustainable


I'd be worried too. Ghanaian bondholders got a 50% haircut on their investments.


Nabii would really love such a haircut. He really hates the so called middle class who invest in such vehicles.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Queen
#1666 Posted : Friday, July 14, 2023 1:28:21 PM
Rank: Member


Joined: 11/21/2018
Posts: 564
Location: Britain
.
Queen
#1667 Posted : Friday, July 14, 2023 1:38:16 PM
Rank: Member


Joined: 11/21/2018
Posts: 564
Location: Britain
deadpoet wrote:
heri wrote:
Queen wrote:
The latest 5year bond has a coupon rate of 16.844%.
22% coupon rate, here we come!


Is the servicing of the debts at those rates still sustainable


I'd be worried too. Ghanaian bondholders got a 50% haircut on their investments.


If you re-read this thread, you will notice that there was a time the coupon rates hit a high of 22%.

But then, again, to each their own devices.

Am really waiting for the next IFB @18% coupon rate.

Wacheni tuvune jameni.
Queen
#1668 Posted : Tuesday, July 25, 2023 10:08:14 PM
Rank: Member


Joined: 11/21/2018
Posts: 564
Location: Britain
I got the following message today from CBK:-

Dear Investor, CBK is rolling out a new Central Securities Depository system (DhowCSD) which will go live on 31/07/2023. To allow for this transition, we shall not accept rollovers for Auctions value date 31/07/2023.

Those intending to do rollovers please take note.
obiero
#1669 Posted : Sunday, July 30, 2023 8:38:51 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,508
Location: nairobi
Queen wrote:
deadpoet wrote:
heri wrote:
Queen wrote:
The latest 5year bond has a coupon rate of 16.844%.
22% coupon rate, here we come!


Is the servicing of the debts at those rates still sustainable


I'd be worried too. Ghanaian bondholders got a 50% haircut on their investments.


If you re-read this thread, you will notice that there was a time the coupon rates hit a high of 22%.

But then, again, to each their own devices.

Am really waiting for the next IFB @18% coupon rate.

Wacheni tuvune jameni.
In Treasury bills I trust. I'm hiding safely inside this space for now until next year atleast, with 9% of my investment portfolio, real Estate remains at 90%, and stocks in Uganda and Kenya at 1%

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
Queen
#1670 Posted : Thursday, August 03, 2023 8:54:49 PM
Rank: Member


Joined: 11/21/2018
Posts: 564
Location: Britain
obiero wrote:
Queen wrote:
deadpoet wrote:
heri wrote:
Queen wrote:
The latest 5year bond has a coupon rate of 16.844%.
22% coupon rate, here we come!


Is the servicing of the debts at those rates still sustainable


I'd be worried too. Ghanaian bondholders got a 50% haircut on their investments.


If you re-read this thread, you will notice that there was a time the coupon rates hit a high of 22%.

But then, again, to each their own devices.

Am really waiting for the next IFB @18% coupon rate.

Wacheni tuvune jameni.
In Treasury bills I trust. I'm hiding safely inside this space for now until next year atleast, with 9% of my investment portfolio, real Estate remains at 90%, and stocks in Uganda and Kenya at 1%


An anomaly has occurred in this week's TBills auction. The 91 days' bills are now attracting a higher coupon rate than the 182 days' bills. Quite unprecedented.
Queen
#1671 Posted : Monday, August 07, 2023 11:45:51 AM
Rank: Member


Joined: 11/21/2018
Posts: 564
Location: Britain
MatataMingi wrote:
Queen wrote:
MatataMingi wrote:
The recent 3 year bond had a coupon rate of 14.228%.
Therefore, I think the coupon will be a bit higher, even though it is tax free.


The prospectus for this bond was done in a hurry. For instance, reading through the article on the amortization, it is not clear how long it will take to redeem in full amounts upto to Kshs 1M.



I have sought clarification from CBK.
According to them, any amount upto KES 1M, will be redeemed in full during the first redemption on 15/06/2026.


@MatataMingi,
I have gone through my statement (Corporate Action) in the newly launched DhowCSD Portal and it is apparent that the CBK guys were clueless ON THE REDEMPTION PART. It is now obvious that all redemptions shall be done in three tranches as contained in the Prospectus.

Kindly go through the new portal and you will notice the same.
obiero
#1672 Posted : Monday, September 11, 2023 9:36:43 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,508
Location: nairobi
Tbill approaching 15% per annum.. The good times are here again

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
Ericsson
#1673 Posted : Monday, September 11, 2023 12:46:08 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
obiero wrote:
Tbill approaching 15% per annum.. The good times are here again



Kenya shilling losing value very fast
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
obiero
#1674 Posted : Monday, September 11, 2023 2:40:47 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,508
Location: nairobi
Ericsson wrote:
obiero wrote:
Tbill approaching 15% per annum.. The good times are here again



Kenya shilling losing value very fast

Yes. Cash remains king

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
Ericsson
#1675 Posted : Monday, September 11, 2023 3:26:05 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
obiero wrote:
Ericsson wrote:
obiero wrote:
Tbill approaching 15% per annum.. The good times are here again



Kenya shilling losing value very fast

Yes. Cash remains king


Dollars remains king
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Queen
#1676 Posted : Monday, September 11, 2023 3:37:27 PM
Rank: Member


Joined: 11/21/2018
Posts: 564
Location: Britain
Ericsson wrote:
obiero wrote:
Ericsson wrote:
obiero wrote:
Tbill approaching 15% per annum.. The good times are here again



Kenya shilling losing value very fast

Yes. Cash remains king


Dollars remains king


91-Day TBills remains king.
obiero
#1677 Posted : Monday, September 11, 2023 6:09:19 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,508
Location: nairobi
Queen wrote:
Ericsson wrote:
obiero wrote:
Ericsson wrote:
obiero wrote:
Tbill approaching 15% per annum.. The good times are here again



Kenya shilling losing value very fast

Yes. Cash remains king


Dollars remains king


91-Day TBills remains king.

Exactly. Inflation is what it is. Getting 14.7% in the current state of things, is a blessing

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
MatataMingi
#1678 Posted : Thursday, September 21, 2023 9:55:33 AM
Rank: Member


Joined: 11/17/2009
Posts: 398
Location: Where everyone knows you
Yes, I was also eventually able to pay for my bid through Standard Chartered.
They provided a detailed step by step guide on the process.
Was very impressed by SCB.
Still a lot of mess with the new CBK Dhow system.
For every bid, payment etc. it sends you numerous, mostly meaningless, SMSs and emails.
The old TMD system was a lot better, and user friendly.
MatataMingi
#1679 Posted : Wednesday, October 11, 2023 3:26:53 PM
Rank: Member


Joined: 11/17/2009
Posts: 398
Location: Where everyone knows you
Has anyone experienced a problem with recent coupon payment due on this Monday, 9th. October?
I had a coupon due for a 3 year Bond. I t wasn't paid till 8pm at night.
My wife had a coupon due also, which wasn't paid till the next morning.
Normally, coupons are paid before lunch on Mondays.
holycow
#1680 Posted : Thursday, October 19, 2023 10:04:28 PM
Rank: Veteran


Joined: 11/11/2006
Posts: 971
Location: Home
The November 2023 IFB minimum value has been set at 50k. This is a departure from the usual 100k. Looks like GoK trying to attract small fish.
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