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46 Pages«<4041424344>»
Treasury Bills and Bonds
Taurrus
#821 Posted : Monday, January 08, 2018 11:36:04 AM
Rank: Member


Joined: 8/25/2015
Posts: 720
Location: Kite
obiero wrote:
Angelica _ann wrote:
If one applied for a cdsc account to be opened by CBK & it has taken over a month since lodging the documents where does one follow up? Call you are just taken round & round without concrete answers. Individual is based in the US.

Someone in Kenya can follow up at the HQ along HaileSelassie. If you don't know the place we can meet at Kaldi's for coffee then I take you sort out the issue and even to meet the Governor if you need to greet him


Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
watesh
#822 Posted : Monday, January 08, 2018 12:17:44 PM
Rank: Member


Joined: 8/10/2014
Posts: 672
Location: Kenya
obiero wrote:
Angelica _ann wrote:
If one applied for a cdsc account to be opened by CBK & it has taken over a month since lodging the documents where does one follow up? Call you are just taken round & round without concrete answers. Individual is based in the US.

Someone in Kenya can follow up at the HQ along HaileSelassie. If you don't know the place we can meet at Kaldi's for coffee then I take you sort out the issue and even to meet the Governor if you need to greet him

Seizing the opportunity Laughing out loudly Laughing out loudly Laughing out loudly
Fullykenyan
#823 Posted : Tuesday, January 09, 2018 8:55:33 PM
Rank: Member


Joined: 7/27/2014
Posts: 489
Location: Eastlando
obiero wrote:
Angelica _ann wrote:
If one applied for a cdsc account to be opened by CBK & it has taken over a month since lodging the documents where does one follow up? Call you are just taken round & round without concrete answers. Individual is based in the US.

Someone in Kenya can follow up at the HQ along HaileSelassie. If you don't know the place we can meet at Kaldi's for coffee then I take you sort out the issue and even to meet the Governor if you need to greet him


Obiero, can you also help me, ama you only help ladies? ;)
Angelica _ann
#824 Posted : Wednesday, January 10, 2018 8:48:31 AM
Rank: Elder


Joined: 12/7/2012
Posts: 8,880
Sorted out finally, got a response jana after using some of the emails that had been provided by @pesa 8 earlier in this thread. Asanteni!!!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Dahatre
#825 Posted : Wednesday, January 17, 2018 12:26:25 PM
Rank: Member


Joined: 12/21/2009
Posts: 515
Finally got my Kid bro to save up and try treasuries. He put in his bid on Monday.

One of the guys at the counter told him that he could not specify rollover on the bid form. He was told that to go one week before the maturity date and do the rollover or send and email message instructing the bank to rollover the note.

Is this true? If so, why do they have the rollover option on the bid form?
iris
#826 Posted : Wednesday, January 17, 2018 1:37:15 PM
Rank: Member


Joined: 9/11/2014
Posts: 197
Location: Nairobi
Maka, what is the competitive rate for current IFB or should I just go with non-competitive?
MugundaMan
#827 Posted : Wednesday, January 17, 2018 1:56:26 PM
Rank: Member


Joined: 1/8/2018
Posts: 209
Dahatre wrote:
Finally got my Kid bro to save up and try treasuries. He put in his bid on Monday.

One of the guys at the counter told him that he could not specify rollover on the bid form. He was told that to go one week before the maturity date and do the rollover or send and email message instructing the bank to rollover the note.

Is this true? If so, why do they have the rollover option on the bid form?


Because CBK is CBK Drool
Remember these are the chaps who take 30-60 days to "verify" your bank account, give zero online access to your portfolio and sometimes mail you hard copies of statements etc as much as 6 months to a year or more late.
"The LORD God took the man and put him in the Garden of Eden to work it and take care of it."
~ Genesis 2:15



Pesa Nane
#828 Posted : Wednesday, January 17, 2018 3:15:51 PM
Rank: Elder


Joined: 5/25/2012
Posts: 3,797
Location: 08c
Pesa Nane plans to be shilingi when he grows up.
Angelica _ann
#829 Posted : Wednesday, January 17, 2018 5:05:38 PM
Rank: Elder


Joined: 12/7/2012
Posts: 8,880
Pesa Nane wrote:



12.5% pa for 15 years, this Njoroge is not serious 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
Ericsson
#830 Posted : Wednesday, January 17, 2018 5:28:46 PM
Rank: Elder


Joined: 12/4/2009
Posts: 5,078
Location: NAIROBI
Angelica _ann wrote:
Pesa Nane wrote:



12.5% pa for 15 years, this Njoroge is not serious smile


The money is going to be used to repay debt and support government operations
Kenya to use 45% of tax collections or ksh.658bn to repay debt.
Infrastructure word is used to sweet talk potential investors
MugundaMan
#831 Posted : Thursday, January 18, 2018 6:58:46 AM
Rank: Member


Joined: 1/8/2018
Posts: 209
Angelica _ann wrote:
Pesa Nane wrote:



12.5% pa for 15 years, this Njoroge is not serious smile


Angelica_Ann,
Why do you say so? Seems like a pretty decent deal for bond investors to me.
"The LORD God took the man and put him in the Garden of Eden to work it and take care of it."
~ Genesis 2:15



AndyC
#832 Posted : Thursday, January 25, 2018 8:42:07 AM
Rank: New-farer


Joined: 4/21/2015
Posts: 55
Broke or not the government is clearly not interested in expensive money. They offer 40B receive bids of 55.7B and cherry pick 5B . The institutions must have demanded a higher interest rate. Maybe loaning to Shiku at 14% ain't so bad!
Dahatre
#833 Posted : Thursday, January 25, 2018 10:01:34 AM
Rank: Member


Joined: 12/21/2009
Posts: 515
MugundaMan wrote:
Dahatre wrote:
Finally got my Kid bro to save up and try treasuries. He put in his bid on Monday.

One of the guys at the counter told him that he could not specify rollover on the bid form. He was told that to go one week before the maturity date and do the rollover or send and email message instructing the bank to rollover the note.

Is this true? If so, why do they have the rollover option on the bid form?


Because CBK is CBK Drool
Remember these are the chaps who take 30-60 days to "verify" your bank account, give zero online access to your portfolio and sometimes mail you hard copies of statements etc as much as 6 months to a year or more late.


What would you do Mugundaman? go physically, email them or not bother?
Ericsson
#834 Posted : Thursday, January 25, 2018 10:07:48 AM
Rank: Elder


Joined: 12/4/2009
Posts: 5,078
Location: NAIROBI
GOK has set a deficit of sh.639bn in FY2018/2019 compared to the sh.900bn in 2017/2018
lochaz-index
#835 Posted : Thursday, January 25, 2018 10:17:46 AM
Rank: Member


Joined: 9/18/2014
Posts: 824
AndyC wrote:
Broke or not the government is clearly not interested in expensive money. They offer 40B receive bids of 55.7B and cherry pick 5B . The institutions must have demanded a higher interest rate. Maybe loaning to Shiku at 14% ain't so bad!

GoK and CBK have rode their luck on this one. Don't think there is a lot of ammo left on their part. The market can sense a turning point in yields(it has for a while now) but the governor has been a stickler to the yield curve. The problem with this strategy is that it kneecaps the long end note yields and forces pressure on the short end leading to an inversion. The market always wins.

Globally, yields bottomed out in mid 2016, then a mild uptick has followed, next up is the wild ride. External borrowing is becoming pricier - my guess is that eurobond 2.0 will be a cropper - and KE is only attracting funds at distress prices as exemplified by the latest loan to offset the syndicated debt. To make matters worse, treasury is lagging behind on its local borrowing targets, ergo, borrowing has to speed up at some point especially if maturities bunch up and roll-over offers fall through. This is the show I am waiting for.

The mark to watch out for is when the 10yr note yield vaults past the 14% capping level.
The main purpose of the stock market is to make fools of as many people as possible.
MugundaMan
#836 Posted : Thursday, January 25, 2018 10:23:07 AM
Rank: Member


Joined: 1/8/2018
Posts: 209
Dahatre wrote:
MugundaMan wrote:
Dahatre wrote:
Finally got my Kid bro to save up and try treasuries. He put in his bid on Monday.

One of the guys at the counter told him that he could not specify rollover on the bid form. He was told that to go one week before the maturity date and do the rollover or send and email message instructing the bank to rollover the note.

Is this true? If so, why do they have the rollover option on the bid form?


Because CBK is CBK Drool
Remember these are the chaps who take 30-60 days to "verify" your bank account, give zero online access to your portfolio and sometimes mail you hard copies of statements etc as much as 6 months to a year or more late.


What would you do Mugundaman? go physically, email them or not bother?


Going physically is the best option. Emailing their primary issues dept (primaryissues@centralbank.go.ke) is the next best option. Not bothering is a terrible option IMHO. Good luck and happy investing!
"The LORD God took the man and put him in the Garden of Eden to work it and take care of it."
~ Genesis 2:15



wukan
#837 Posted : Thursday, January 25, 2018 11:13:20 AM
Rank: Member


Joined: 11/13/2015
Posts: 738
AndyC wrote:
Broke or not the government is clearly not interested in expensive money. They offer 40B receive bids of 55.7B and cherry pick 5B . The institutions must have demanded a higher interest rate. Maybe loaning to Shiku at 14% ain't so bad!


But Shiku snubbed the govt on the MAkiba bond. Shiku also prefers the instant but expensive mobile phone loans. 89% of the investors see the same thing with Shiku that govt is slay queen jeuri-maringo mingi tu!
AndyC
#838 Posted : Thursday, January 25, 2018 11:30:23 AM
Rank: New-farer


Joined: 4/21/2015
Posts: 55
MugundaMan wrote:
Dahatre wrote:
MugundaMan wrote:
Dahatre wrote:
Finally got my Kid bro to save up and try treasuries. He put in his bid on Monday.

One of the guys at the counter told him that he could not specify rollover on the bid form. He was told that to go one week before the maturity date and do the rollover or send and email message instructing the bank to rollover the note.

Is this true? If so, why do they have the rollover option on the bid form?


Because CBK is CBK Drool
Remember these are the chaps who take 30-60 days to "verify" your bank account, give zero online access to your portfolio and sometimes mail you hard copies of statements etc as much as 6 months to a year or more late.


What would you do Mugundaman? go physically, email them or not bother?


Going physically is the best option. Emailing their primary issues dept (primaryissues@centralbank.go.ke) is the next best option. Not bothering is a terrible option IMHO. Good luck and happy investing!

If he is a first time investor then there is nothing to roll over as he is bidding. The rollover, i guess, is for investments that are maturing and the investors would like to apply for a current bid with the maturing funds instead of being paid. If an investor wants to roll over funds that will be maturing 3/6/12 months at the time of bidding it makes sense to say come a week to that time. Stuff happensSad .
Liv
#839 Posted : Friday, January 26, 2018 10:35:07 PM
Rank: Veteran


Joined: 11/14/2006
Posts: 1,254
AndyC wrote:
Broke or not the government is clearly not interested in expensive money. They offer 40B receive bids of 55.7B and cherry pick 5B . The institutions must have demanded a higher interest rate. Maybe loaning to Shiku at 14% ain't so bad!



Tap sale pap
gatoho
#840 Posted : Saturday, January 27, 2018 2:48:24 AM
Rank: Member


Joined: 1/1/2010
Posts: 492
Location: kandara, Murang'a
Liv wrote:
AndyC wrote:
Broke or not the government is clearly not interested in expensive money. They offer 40B receive bids of 55.7B and cherry pick 5B . The institutions must have demanded a higher interest rate. Maybe loaning to Shiku at 14% ain't so bad!



Tap sale pap

I thought tap happens when undersubscribed
Foresight..
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