Home SK - Stocks, Property, Investment Chamas - Investment Groups BIZ - Small Business Soko - Market Wazua Life About Wazua
SIGN IN REGISTER
Thursday, Nov 14, 2019
Investor
We’re investing funds for profit. Join us and wazua!
LATEST DISCUSSIONS
Kenya Airways...why ignore.. [14022]
Scangroup [5]
CIC Insurance 2019 [36]
KCB 2018 and Beyond [475]
Law Capping interest rates [2981]
Coop Bank 2019 [48]
Elliott Wave Analysis Of The NSE 20 [3201]
Kenya Power HY 2019 [118]
Exchange Bar: Results forecast [2068]
KenGen HY 2019 [274]
EABL FY19 [39]
Bitcoin: Does it have a future ? [1137]
Madness at the NSE [1933]
Centum 2019/2020 [52]
Treasury Bills and Bonds [1282]
 
Forum Jump








Welcome Guest Search | Active Topics | Log In

2 Pages<12
Consolidated Bank 5yr 4b bond
Ericsson
#21 Posted : Tuesday, September 10, 2019 9:19:28 AM
Rank: Elder


Joined: 12/4/2009
Posts: 7,618
Location: NAIROBI
Consolidated Bank borrowed Sh1.12 billion from Central Bank of Kenya (CBK) to address liquidity shortage by the close of last year, showing the extent of cash crunch in the State-owned lender that is now seeking a bailout to pay its bond creditors.

The money was borrowed in three tranches in form of repurchase agreements, commonly called repos.

This was borrowed at nine percent, with the bank paying interest of Sh105.86 million to the CBK for the repos during the 2018 financial year.
Between December 13, last year and January 10, 2019 the bank borrowed Sh560 million
Another repo of Sh320 million was taken between December 14 last year and January 11 this year.
Another one of Sh240 million had been taken earlier.
The repos were secured against Consolidated Bank’s Treasury bonds worth Sh1.4 billion, which represented 64 percent of the lender’s total stock of Treasury bonds and bills worth Sh2.19 billion.

https://www.businessdail...266578-lw0xbf/index.html
Ericsson
#22 Posted : Wednesday, October 16, 2019 2:44:45 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,618
Location: NAIROBI
VituVingiSana
#23 Posted : Thursday, October 17, 2019 7:30:06 PM
Rank: Chief


Joined: 1/3/2007
Posts: 16,509
Location: Nairobi
Ericsson wrote:
https://pbs.twimg.com/media/EG6MB_vWwAApYig?format=jpg&name=medium
Good to see people are going to get their money back.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Users browsing this topic
Guest
2 Pages<12
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Home | . .. Investor | .. . Groups | .. . SME | . . . Market | .. . Club SK | . ..... About Wazua | . .. Search | . ..Sitemap | . ..Support | . ..Disclaimer | . ..Privacy Policy | . ..Terms of Use | . .. Contact Us
Copyright © 2019 Wazua.co.ke. All Rights Reserved.