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wukan		#8101 Posted : Wednesday, July 26, 2017 12:34:48 PM
Rank: Veteran Joined: 11/13/2015 Posts: 1,570		heri wrote: littledove wrote: http://www.businessdailyafrica.com/corporate/companies/KQ-seeks-court-backing-in-debt-swap-war-with-banks/4003102-4032514-10kxs5c/index.html If KQ gets a court approval, three banks opposed to the debt-to-equity proposals will be forced to follow their consenting peers and the Treasury down the rabbit hole as they will be deemed to have opted for the shares plus bond option “by default”. People familiar with the transaction say Equity, Jamii Bora and Ecobank are holding out against the debt conversion plan, arguing that they “were not consulted.” The three are collectively owed Sh6.4 billion (or just 13 per cent of the outstanding debt). Banks in trouble. If it is not KQ it is Nakummatt all piling up on NPLs This is a really a bankruptcy proceedings so this stock should be de-listed asap until it comes out of the bankruptcy. This is what Nakumatt should have done instead of waiting to be wound up by court.
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Ericsson		#8102 Posted : Wednesday, July 26, 2017 1:35:21 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,641 Location: NAIROBI		List of Lenders and the amounts owed by KQ Equity Bank sh.5.15bn Maturing 26 Oct 2016 National Bank sh.3.502bn Maturing 29 Jan 2023 Co-op Bank sh.3.296bn Maturing 4 Oct 2022 CBA sh.3.09bn Maturing 26 Feb 2017 NIC Bank sh.2.06bn Maturing 31 Dec 2022 KCB sh.2.06bn Maturing 31 May 2016 DTB sh.2.06bn Maturing 31 Jan 2023 I&M Bank sh.824mn Maturing 31 Dec 2022 Ecobank sh.824mn Maturing 31 Dec 2022 Chase Bank sh.721mn Maturing 21 Jan 2021 Jamii Bora sh.412mn Maturing 30 Mar 2020 Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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obiero		#8103 Posted : Wednesday, July 26, 2017 1:46:40 PM
Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi		wukan wrote: heri wrote: littledove wrote: http://www.businessdailyafrica.com/corporate/companies/KQ-seeks-court-backing-in-debt-swap-war-with-banks/4003102-4032514-10kxs5c/index.html If KQ gets a court approval, three banks opposed to the debt-to-equity proposals will be forced to follow their consenting peers and the Treasury down the rabbit hole as they will be deemed to have opted for the shares plus bond option “by default”. People familiar with the transaction say Equity, Jamii Bora and Ecobank are holding out against the debt conversion plan, arguing that they “were not consulted.” The three are collectively owed Sh6.4 billion (or just 13 per cent of the outstanding debt). Banks in trouble. If it is not KQ it is Nakummatt all piling up on NPLs This is a really a bankruptcy proceedings so this stock should be de-listed asap until it comes out of the bankruptcy. This is what Nakumatt should have done instead of waiting to be wound up by court. Shindwe HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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heri		#8104 Posted : Wednesday, July 26, 2017 2:35:49 PM
Rank: Member Joined: 9/14/2011 Posts: 834 Location: nairobi		Ericsson wrote: List of Lenders and the amounts owed by KQ Equity Bank sh.5.15bn Maturing 26 Oct 2016 National Bank sh.3.502bn Maturing 29 Jan 2023 Co-op Bank sh.3.296bn Maturing 4 Oct 2022 CBA sh.3.09bn Maturing 26 Feb 2017 NIC Bank sh.2.06bn Maturing 31 Dec 2022 KCB sh.2.06bn Maturing 31 May 2016 DTB sh.2.06bn Maturing 31 Jan 2023 I&M Bank sh.824mn Maturing 31 Dec 2022 Ecobank sh.824mn Maturing 31 Dec 2022 Chase Bank sh.721mn Maturing 21 Jan 2021 Jamii Bora sh.412mn Maturing 30 Mar 2020 Woi, my DTB . will it stomach such a huge NPL
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actuarywahisa		#8105 Posted : Wednesday, July 26, 2017 2:43:55 PM
Rank: Member Joined: 5/21/2014 Posts: 184		@Obiero... Paka inaendelea kuanguka! Sub 4 by around elections. There are too many opportunities all around. Open your eyes and maybe you'll spot one
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muandiwambeu		#8106 Posted : Wednesday, July 26, 2017 3:11:14 PM
Rank: Veteran Joined: 8/28/2015 Posts: 1,247		wukan wrote: heri wrote: littledove wrote: http://www.businessdailyafrica.com/corporate/companies/KQ-seeks-court-backing-in-debt-swap-war-with-banks/4003102-4032514-10kxs5c/index.html If KQ gets a court approval, three banks opposed to the debt-to-equity proposals will be forced to follow their consenting peers and the Treasury down the rabbit hole as they will be deemed to have opted for the shares plus bond option “by default”. People familiar with the transaction say Equity, Jamii Bora and Ecobank are holding out against the debt conversion plan, arguing that they “were not consulted.” The three are collectively owed Sh6.4 billion (or just 13 per cent of the outstanding debt). Banks in trouble. If it is not KQ it is Nakummatt all piling up on NPLs This is a really a bankruptcy proceedings so this stock should be de-listed asap until it comes out of the bankruptcy. This is what Nakumatt should have done instead of waiting to be wound up by court. Me too I support. This animal tunaona mafupa na mbavu tu, nyama hakuna! Hatunawakati wakufuga iweke mnofu na inoneshe, wacha niendelee kuchinja nono zilizopo kichinjio. Bila shaka yeyote, stress nazo nijitakie kwa nini? Punda pekee ndiye ujiringa kwa kazi ngumu aliyoifanya kwa matumizi kindogo. ,Behold, a sower went forth to sow;....
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VituVingiSana		#8107 Posted : Wednesday, July 26, 2017 3:49:23 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,060 Location: Nairobi		Sigh, I see all my (investee) banks are on here! Equity, NIC, DTB and I&M ... At least I am not in KQ. Even though it hurts, I am sure they can survive the blow of 100% NPLs coz of KQ. Some may havealready NPL'd part of the loans given to KQ. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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obiero		#8108 Posted : Wednesday, July 26, 2017 6:05:20 PM
Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi		VituVingiSana wrote: Sigh, I see all my (investee) banks are on here! Equity, NIC, DTB and I&M ... At least I am not in KQ. Even though it hurts, I am sure they can survive the blow of 100% NPLs coz of KQ. Some may havealready NPL'd part of the loans given to KQ. Your banks are also very weird.. not supporting the good plans by KQ HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Impunity		#8109 Posted : Wednesday, July 26, 2017 6:06:12 PM
Rank: Elder Joined: 3/2/2009 Posts: 26,325 Location: Masada		heri wrote: littledove wrote: http://www.businessdailyafrica.com/corporate/companies/KQ-seeks-court-backing-in-debt-swap-war-with-banks/4003102-4032514-10kxs5c/index.html If KQ gets a court approval, three banks opposed to the debt-to-equity proposals will be forced to follow their consenting peers and the Treasury down the rabbit hole as they will be deemed to have opted for the shares plus bond option “by default”. People familiar with the transaction say Equity, Jamii Bora and Ecobank are holding out against the debt conversion plan, arguing that they “were not consulted.” The three are collectively owed Sh6.4 billion (or just 13 per cent of the outstanding debt). Banks in trouble. If it is not KQ it is Nakummatt all piling up on NPLs I would like to know how much Jamii Bora is owed.And why a big firm like KQ went to borrow money from Jamii Bora. Portfolio: Sold You know you've made it when you get a parking space for your yatcht.
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muandiwambeu		#8110 Posted : Wednesday, July 26, 2017 9:00:44 PM
Rank: Veteran Joined: 8/28/2015 Posts: 1,247		Impunity wrote: heri wrote: littledove wrote: http://www.businessdailyafrica.com/corporate/companies/KQ-seeks-court-backing-in-debt-swap-war-with-banks/4003102-4032514-10kxs5c/index.html If KQ gets a court approval, three banks opposed to the debt-to-equity proposals will be forced to follow their consenting peers and the Treasury down the rabbit hole as they will be deemed to have opted for the shares plus bond option “by default”. People familiar with the transaction say Equity, Jamii Bora and Ecobank are holding out against the debt conversion plan, arguing that they “were not consulted.” The three are collectively owed Sh6.4 billion (or just 13 per cent of the outstanding debt). Banks in trouble. If it is not KQ it is Nakummatt all piling up on NPLs I would like to know how much Jamii Bora is owed.And why a big firm like KQ went to borrow money from Jamii Bora. desperate times calls for desperate measures. What was the interest rate after all¿ ,Behold, a sower went forth to sow;....
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obiero		#8111 Posted : Wednesday, July 26, 2017 10:00:43 PM
Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi		actuarywahisa wrote: @Obiero... Paka inaendelea kuanguka! Sub 4 by around elections. Temporary insanity HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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obiero		#8112 Posted : Wednesday, July 26, 2017 10:48:42 PM
Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi		At least some good news http://www.businessdaily...033592-hosag6/index.html HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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VituVingiSana		#8113 Posted : Thursday, July 27, 2017 12:40:51 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,060 Location: Nairobi		obiero wrote: VituVingiSana wrote: Sigh, I see all my (investee) banks are on here! Equity, NIC, DTB and I&M ... At least I am not in KQ. Even though it hurts, I am sure they can survive the blow of 100% NPLs coz of KQ. Some may havealready NPL'd part of the loans given to KQ. Your banks are also very weird.. not supporting the good plans by KQ Well, if KQ can service the loans first per the Loan Agreements, then I am sure my banks would look at lending to KQ. Those who approved the loans made to KQ should be fired and sued for professional negligence. I am glad Equity has taken a stand. It's a pity that NIC, I&M and DTB are acting like sheep. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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obiero		#8114 Posted : Thursday, July 27, 2017 7:00:03 AM
Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi		VituVingiSana wrote: obiero wrote: VituVingiSana wrote: Sigh, I see all my (investee) banks are on here! Equity, NIC, DTB and I&M ... At least I am not in KQ. Even though it hurts, I am sure they can survive the blow of 100% NPLs coz of KQ. Some may havealready NPL'd part of the loans given to KQ. Your banks are also very weird.. not supporting the good plans by KQ Well, if KQ can service the loans first per the Loan Agreements, then I am sure my banks would look at lending to KQ. Those who approved the loans made to KQ should be fired and sued for professional negligence. I am glad Equity has taken a stand. It's a pity that NIC, I&M and DTB are acting like sheep. @vvs for top tier banks to lend such significant sums shows that there's something about KQ that you don't know. Meanwhile Equity will be bundled into the transaction by votes. Unless they want to reposses a GoK 787.. What options do they really have in auctioning GoK HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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winston		#8115 Posted : Thursday, July 27, 2017 8:16:03 AM
Rank: Member Joined: 4/14/2010 Posts: 806 Location: Nairobi		heri wrote: Ericsson wrote: List of Lenders and the amounts owed by KQ Equity Bank sh.5.15bn Maturing 26 Oct 2016 National Bank sh.3.502bn Maturing 29 Jan 2023 Co-op Bank sh.3.296bn Maturing 4 Oct 2022 CBA sh.3.09bn Maturing 26 Feb 2017 NIC Bank sh.2.06bn Maturing 31 Dec 2022 KCB sh.2.06bn Maturing 31 May 2016 DTB sh.2.06bn Maturing 31 Jan 2023 I&M Bank sh.824mn Maturing 31 Dec 2022 Ecobank sh.824mn Maturing 31 Dec 2022 Chase Bank sh.721mn Maturing 21 Jan 2021 Jamii Bora sh.412mn Maturing 30 Mar 2020 Woi, my DTB . will it stomach such a huge NPL Wont the NPL's be reversed upon conversion of debt to equity?
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obiero		#8116 Posted : Thursday, July 27, 2017 8:38:52 AM
Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi		winston wrote: heri wrote: Ericsson wrote: List of Lenders and the amounts owed by KQ Equity Bank sh.5.15bn Maturing 26 Oct 2016 National Bank sh.3.502bn Maturing 29 Jan 2023 Co-op Bank sh.3.296bn Maturing 4 Oct 2022 CBA sh.3.09bn Maturing 26 Feb 2017 NIC Bank sh.2.06bn Maturing 31 Dec 2022 KCB sh.2.06bn Maturing 31 May 2016 DTB sh.2.06bn Maturing 31 Jan 2023 I&M Bank sh.824mn Maturing 31 Dec 2022 Ecobank sh.824mn Maturing 31 Dec 2022 Chase Bank sh.721mn Maturing 21 Jan 2021 Jamii Bora sh.412mn Maturing 30 Mar 2020 Woi, my DTB . will it stomach such a huge NPL Wont the NPL's be reversed upon conversion of debt to equity? I don't think that will be the case. CBK prudential guidelines do not cover for the same. The debt would need to be settled from the sale of the converted equity HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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actuarywahisa		#8117 Posted : Thursday, July 27, 2017 9:58:33 AM
Rank: Member Joined: 5/21/2014 Posts: 184		Impunity wrote: heri wrote: littledove wrote: http://www.businessdailyafrica.com/corporate/companies/KQ-seeks-court-backing-in-debt-swap-war-with-banks/4003102-4032514-10kxs5c/index.html If KQ gets a court approval, three banks opposed to the debt-to-equity proposals will be forced to follow their consenting peers and the Treasury down the rabbit hole as they will be deemed to have opted for the shares plus bond option “by default”. People familiar with the transaction say Equity, Jamii Bora and Ecobank are holding out against the debt conversion plan, arguing that they “were not consulted.” The three are collectively owed Sh6.4 billion (or just 13 per cent of the outstanding debt). Banks in trouble. If it is not KQ it is Nakummatt all piling up on NPLs I would like to know how much Jamii Bora is owed.And why a big firm like KQ went to borrow money from Jamii Bora. Why Jamii Bora? Either 1) KQ was desperate at the time or 2) Jamii Bora was desperate and made the assumption that KQ must be fine There are too many opportunities all around. Open your eyes and maybe you'll spot one
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Ericsson		#8118 Posted : Thursday, July 27, 2017 10:00:06 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,641 Location: NAIROBI		Commercial banks that agree to swap their multi-billion shilling debt for a stake in Kenya Airways will be required to lend the airline an extra Sh18.1 billion at an interest rate of about 6.65 per cent, principally to refurbish aircraft engines. http://www.businessdaily...033642-md5wrz/index.html Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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lochaz-index		#8119 Posted : Thursday, July 27, 2017 10:28:11 AM
Rank: Veteran Joined: 9/18/2014 Posts: 1,127		Ericsson wrote: Commercial banks that agree to swap their multi-billion shilling debt for a stake in Kenya Airways will be required to lend the airline an extra Sh18.1 billion at an interest rate of about 6.65 per cent, principally to refurbish aircraft engines. http://www.businessdaily...33642-md5wrz/index.html GoK strong arms the banks into yet another rabbit hole. The main purpose of the stock market is to make fools of as many people as possible.
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obiero		#8120 Posted : Thursday, July 27, 2017 10:45:23 AM
Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi		lochaz-index wrote: Ericsson wrote: Commercial banks that agree to swap their multi-billion shilling debt for a stake in Kenya Airways will be required to lend the airline an extra Sh18.1 billion at an interest rate of about 6.65 per cent, principally to refurbish aircraft engines. http://www.businessdaily...33642-md5wrz/index.html GoK strong arms the banks into yet another rabbit hole. This clarification was on the initial circular. Kama watu hawakusoma shauri yao HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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