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Imperial Bank Bond- 15 %
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Boris Boyka
#1 Posted : Tuesday, August 25, 2015 7:58:38 AM
Rank: Veteran

Joined: 11/15/2013
Posts: 1,977
Location: Here
Amount : 2 Birrion
Period : 5.25 Years
Interest rate : 15% p.a
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Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Sevian
#2 Posted : Tuesday, August 25, 2015 8:17:51 AM
Rank: New-farer

Joined: 4/8/2015
Posts: 42
How much with holding tax rate applied?
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maka
#3 Posted : Tuesday, August 25, 2015 8:28:38 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Sevian wrote:
How much with holding tax rate applied?


I believe 12.75%...not bad at all.
possunt quia posse videntur
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dunkang
#4 Posted : Tuesday, August 25, 2015 8:35:51 AM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
maka wrote:
Sevian wrote:
How much with holding tax rate applied?


I believe 12.75%...not bad at all.

15% annual interest, 12.75% withholding tax on interest.
So, for KES1,000,000.00, thats 131,250.00 annually, or, 10,937.50 monthly for 5 years.

It's better than a second hand Toyota.
Receive with simplicity everything that happens to you.” ― Rashi

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streetwise
#5 Posted : Tuesday, August 25, 2015 8:55:40 AM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
Am getting very interetsed.

with bonds when does one earn the interest , is it after maturity , does compounding work here ?
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xtina
#6 Posted : Tuesday, August 25, 2015 9:02:16 AM
Rank: Member

Joined: 6/26/2008
Posts: 401
streetwise wrote:
Am getting very interetsed.

with bonds when does one earn the interest , is it after maturity , does compounding work here ?
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dunkang
#7 Posted : Tuesday, August 25, 2015 9:22:16 AM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
xtina wrote:
streetwise wrote:
Am getting very interested.

with bonds when does one earn the interest , is it after maturity , does compounding work here ?


My 2 cents.
It should be specified in the Information Memorandum or whatever it is called in the bonds section.

There are those that pay quarterly and those that pay annually.

At the end of the period, in the case of Imperial Bank its 5.25 years, you get your full money back plus the interest accrued between the last payment and the "end" date.

And on compounding, i am yet to see such an arrangement.
Receive with simplicity everything that happens to you.” ― Rashi

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instinct
#8 Posted : Tuesday, August 25, 2015 9:31:27 AM
Rank: Member

Joined: 8/17/2007
Posts: 294
better rates are coming...
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Speculz
#9 Posted : Tuesday, August 25, 2015 9:32:48 AM
Rank: Member

Joined: 5/6/2011
Posts: 391
Location: Nairobi
dunkang wrote:
xtina wrote:
streetwise wrote:
Am getting very interested.

with bonds when does one earn the interest , is it after maturity , does compounding work here ?


My 2 cents.
It should be specified in the Information Memorandum or whatever it is called in the bonds section.

There are those that pay quarterly and those that pay annually.

At the end of the period, in the case of Imperial Bank its 5.25 years, you get your full money back plus the interest accrued between the last payment and the "end" date.

And on compounding, i am yet to see such an arrangement.

If a bank pulled a Dubai bank after issuing a bond , what would happen?
"You can't have everything. Where would you put it?" - Stephen Wright
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maka
#10 Posted : Tuesday, August 25, 2015 9:44:45 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
instinct wrote:
better rates are coming...



Most definitely...the cutoff for the 2 year was 15.90% ...96.91 for every 100...a return of 11.07% after tax.
possunt quia posse videntur
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