<font color="#000066"><font size="2"><font face="trebuchet ms,sans-serif">Unless it's an inflation linked/inflation-indexed bond, not sure if any African governments are issuing this. </font></font></font><div><font color="#000066"><font size="2"><font face="trebuchet ms,sans-serif"><br>
If you price it to accomodate spikes in inflation, the risk is that the credit becomes too expensive for the government to afford e.g. if estimates have it that inflation will peak at 25% for a moderate gain of 4% the interest rate will be pegged at 29%. </font></font></font></div>
<div><br><div class="gmail_quote">On Tue, Nov 1, 2011 at 4:41 PM, Andrea Bohnstedt <span dir="ltr"><<a href="mailto:andrea.bohnstedt@ratio-magazine.com">andrea.bohnstedt@ratio-magazine.com</a>></span> wrote:<br><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex;">
Depends on how you price the bond. <br><br><div class="gmail_quote"><div><div></div><div class="h5">On 1 November <a href="tel:2011%2016" value="+254201116" target="_blank">2011 16</a>:37, Phares Kariuki <span dir="ltr"><<a href="mailto:pkariuki@gmail.com" target="_blank">pkariuki@gmail.com</a>></span> wrote:<br>
</div></div><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><div><div></div><div class="h5">
<font color="#000066"><font size="2"><font face="trebuchet ms,sans-serif">Actually, internal bonds (within the country) would also work if we can reign in inflation... Problem right now is that if you issue a bond at the current rate of inflation in 3 months the bond holder will be losing money... <br>
</font></font></font><br><div class="gmail_quote"><div><div></div><div>On Tue, Nov 1, 2011 at 4:52 PM, Harry Delano <span dir="ltr"><<a href="mailto:harry@comtelsys.co.ke" target="_blank">harry@comtelsys.co.ke</a>></span> wrote:<br>
</div></div><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><div><div></div><div>
<u></u>
<div>
<div dir="ltr" align="left"><span><font color="#0000ff" face="Arial" size="2">Hey Dennis,</font></span></div>
<div dir="ltr" align="left"><span><font color="#0000ff" face="Arial" size="2"></font></span> </div>
<div dir="ltr" align="left"><span><font color="#0000ff" face="Arial" size="2">Possibly a case-study/analysis would be helpful in
determining what</font></span></div>
<div dir="ltr" align="left"><span><font color="#0000ff" face="Arial" size="2">has </font></span><span><font color="#0000ff" face="Arial" size="2">worked or hasn't in this instance. Then we
can learn our lessons</font></span></div>
<div dir="ltr" align="left"><span><font color="#0000ff" face="Arial" size="2">from others and move forward.</font></span></div>
<div dir="ltr" align="left"><span><font color="#0000ff" face="Arial" size="2"></font></span> </div>
<div dir="ltr" align="left"><span><font color="#0000ff" face="Arial" size="2">Harry</font></span></div><br>
<div dir="ltr" align="left" lang="en-us">
<hr>
<font face="Tahoma" size="2"><b>From:</b>
kictanet-bounces+harry=<a href="mailto:comtelsys.co.ke@lists.kictanet.or.ke" target="_blank">comtelsys.co.ke@lists.kictanet.or.ke</a>
[mailto:<a href="mailto:kictanet-bounces%2Bharry" target="_blank">kictanet-bounces+harry</a>=<a href="mailto:comtelsys.co.ke@lists.kictanet.or.ke" target="_blank">comtelsys.co.ke@lists.kictanet.or.ke</a>] <b>On
Behalf Of </b>Dennis Kioko<br><b>Sent:</b> Tuesday, November 01, 2011 4:09
PM<div><br><b>To:</b> <a href="mailto:harry@comtelsys.co.ke" target="_blank">harry@comtelsys.co.ke</a><br><b>Cc:</b> KICTAnet ICT Policy
Discussions<br><b>Subject:</b> Re: [kictanet] Ndemo's Presidential Debate Final
Report?<br></div></font><br></div><div>
<div></div>Some country called Libya once tried investing in
other African countries ..... </div></div>
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