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M-Akiba treasury bonds via mobile
muganda
#1 Posted : Monday, September 28, 2015 11:41:43 AM
Rank: Elder


Joined: 9/15/2006
Posts: 3,835
Hot on the heels of news that you can now buy TBills via mobile phone, the cash-starved government now offers the first-of-a-kind tax-free Treasury Bond on mobile.

From 21 Oct
Payable semi-annually
Only ID details needed
dial *889#

What is the Interest rate?


maka
#2 Posted : Monday, September 28, 2015 11:46:37 AM
Rank: Elder


Joined: 4/22/2010
Posts: 10,731
Location: Nairobi
We are currently experiencing errors...
possunt quia posse videntur
alutacontinua
#3 Posted : Monday, September 28, 2015 11:50:01 AM
Rank: Member


Joined: 3/23/2011
Posts: 304
The Treasury in partnership with Safaricom, NSE & CDSC today launch M-Akiba. Minimum amount is Ksh. 3000 and the interest is to be paid semi-annually.

GoK now focussed on domestic borrowing as it has become too expensive to borrow offshore.
You dont have to be great to START but you have to start to be GREAT!!!!!!!!
muganda
#4 Posted : Monday, September 28, 2015 11:54:02 AM
Rank: Elder


Joined: 9/15/2006
Posts: 3,835
maka wrote:
We are currently experiencing errors...

Clearly, as per @masukuma's post, you are the classic early adopter. You might have to wait a month smile


Aguytrying
#5 Posted : Monday, September 28, 2015 12:12:29 PM
Rank: Elder


Joined: 7/11/2010
Posts: 5,015
This is an awesome product, truly bringing the services closer to the people.
The investor's chief problem - and even his worst enemy - is likely to be himself
Othelo
#6 Posted : Monday, September 28, 2015 12:20:22 PM
Rank: User


Joined: 1/20/2014
Posts: 3,528
muganda wrote:
maka wrote:
We are currently experiencing errors...

Clearly, as per @masukuma's post, you are the classic early adopter. You might have to wait a month smile



You have killed me. Mimi ni team 16% after people have already eaten and confirmed ukweli yake!!! Laughing out loudly
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
Impunity
#7 Posted : Monday, September 28, 2015 1:24:46 PM
Rank: Elder


Joined: 3/2/2009
Posts: 25,735
Location: Masada
alutacontinua wrote:
The Treasury in partnership with Safaricom, NSE & CDSC today launch M-Akiba. Minimum amount is Ksh. 3000 and the interest is to be paid semi-annually.

GoK now focussed on domestic borrowing as it has become too expensive to borrow offshore.


Where is that rink on how to but T-Bills via Mobile?
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.

Cornelius Vanderbilt
#8 Posted : Monday, September 28, 2015 1:44:06 PM
Rank: Member


Joined: 8/15/2015
Posts: 817
maka wrote:
We are currently experiencing errors...



itsnot a kenyan product until....
Cornelius Vanderbilt
#9 Posted : Monday, September 28, 2015 1:46:13 PM
Rank: Member


Joined: 8/15/2015
Posts: 817
alutacontinua wrote:
The Treasury in partnership with Safaricom, NSE & CDSC today launch M-Akiba. Minimum amount is Ksh. 3000 and the interest is to be paid semi-annually.

GoK now focussed on domestic borrowing as it has become too expensive to borrow offshore.


i thought they were already borrowing allot domestically!
mlennyma
#10 Posted : Monday, September 28, 2015 1:53:10 PM
Rank: Elder


Joined: 7/21/2010
Posts: 5,864
Location: nairobi
Should we expect people to flock in like kengen ipo times?the interest rate is the key
"Don't let the fear of losing be greater than the excitement of winning."
muganda
#11 Posted : Monday, September 28, 2015 2:31:27 PM
Rank: Elder


Joined: 9/15/2006
Posts: 3,835
mlennyma wrote:
Should we expect people to flock in like kengen ipo times?the interest rate is the key

Round 1 will be 5bn http://t.co/trcXWdv5Jz

Treasury is going to disrupt banking. Currently banks lend 57% of all local Treasury debt. This effort could see that reduce below half-mark in coming months. Interbank is at 25%.
mlennyma
#12 Posted : Monday, September 28, 2015 2:40:58 PM
Rank: Elder


Joined: 7/21/2010
Posts: 5,864
Location: nairobi
muganda wrote:
mlennyma wrote:
Should we expect people to flock in like kengen ipo times?the interest rate is the key

Round 1 will be 5bn http://t.co/trcXWdv5Jz

Treasury is going to disrupt banking. Currently banks lend 57% of all local Treasury debt. This effort could see that reduce below half-mark in coming months. Interbank is at 25%.

its time for banks to suffer massive withdrawals if they can't pay good interest
"Don't let the fear of losing be greater than the excitement of winning."
mlennyma
#13 Posted : Monday, September 28, 2015 2:52:01 PM
Rank: Elder


Joined: 7/21/2010
Posts: 5,864
Location: nairobi
Does it mean the interest will be known after the subscription?
"Don't let the fear of losing be greater than the excitement of winning."
Othelo
#14 Posted : Monday, September 28, 2015 2:56:34 PM
Rank: User


Joined: 1/20/2014
Posts: 3,528
I would rather this was for Tbills which i unnderstand @10k minimum!!!
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
Impunity
#15 Posted : Monday, September 28, 2015 3:05:34 PM
Rank: Elder


Joined: 3/2/2009
Posts: 25,735
Location: Masada
Othelo wrote:
I would rather this was for Tbills which i unnderstand @10k minimum!!!


T-bill gani is 10K?
Stay on your lanes mate.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.

Othelo
#16 Posted : Monday, September 28, 2015 3:15:45 PM
Rank: User


Joined: 1/20/2014
Posts: 3,528
Impunity wrote:
Othelo wrote:
I would rather this was for Tbills which i unnderstand @10k minimum!!!


T-bill gani is 10K?
Stay on your lanes mate.

Debt free man Laughing out loudly Laughing out loudly Laughing out loudly
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
Impunity
#17 Posted : Monday, September 28, 2015 3:29:59 PM
Rank: Elder


Joined: 3/2/2009
Posts: 25,735
Location: Masada
Othelo wrote:
Impunity wrote:
Othelo wrote:
I would rather this was for Tbills which i unnderstand @10k minimum!!!


T-bill gani is 10K?
Stay on your lanes mate.

Debt free man Laughing out loudly Laughing out loudly Laughing out loudly


You better buy a bag of njugu and karanga them by the roadside...T-Bills sio za Wanjikus!
Shame on you Shame on you Shame on you Shame on you
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.

alutacontinua
#18 Posted : Monday, September 28, 2015 3:32:26 PM
Rank: Member


Joined: 3/23/2011
Posts: 304
CBK this month offered a 1 year treasury bond for Ksh. 30B with the average redemption yield of 19.062%. Uptake of this bond was 88.35% (Ksh. 26.505B)

https://www.centralbank....2028.09.2015updated.pdf

Thinking they will offer a slightly higher yield to attract flows.

Its interesting to note that the next bond auction at CBK will be on 26th October days after the M-Akiba launch.
You dont have to be great to START but you have to start to be GREAT!!!!!!!!
sarjent
#19 Posted : Monday, September 28, 2015 4:39:26 PM
Rank: Hello


Joined: 2/12/2015
Posts: 4
Location: Nairobi, Kenya


You can also Register & Invest in M Akiba Government Bond via Airtel Money

hisah
#20 Posted : Tuesday, September 29, 2015 6:40:28 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Tbond IPO... How many wanjikus are informed on tbonds/tbills? This is what will determine if this 'tbond IPO' is a success. This will be an interesting case study.

How much is mpesa bank going to earn apart from mpesa fees? Any transaction fees like banks when they place bond bids on your behalf? When this market gets popular those fees will be a serious cash cow!! At some point mpesa bank will be split from the telco part to aid in better supervision.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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