Some IFBs issued in 2023 and 2024 pay investors rates of between 14 and 18.5 percent annually, making them the most expensive in the government’s basket of domestic bonds.
By
Charles Mwaniki
Business Reporter
Nation Media Group
Investors splashed a record Sh460.4 billion for the purchase of three infrastructure bond (IFB) bonds, underlining the abundance of cash in an economy that is seeking passive investments over setting up businesses.
Some IFBs issued in 2023 and 2024 pay investors rates of between 14 and 18.5 percent annually, making them the most expensive in…
The CBK has in recent months reopened long-term bonds that carry annual interest of between 12.9 and 14.2 percent.
Infrastructure bonds tend to be popular with investors due to their tax-free status, making them a useful tool for the Treasury…
The CBK has been issuing discounts to investors in long-term bonds in a move that effectively raises their returns to reflect the…
Bond prices and yields (the interest rates) have an inverse relationship where the cost of purchasing a bond edge higher when…
In the June sale, the higher yield demands were matched by price discounts of Sh2.86 and Sh5.28 per unit of Sh100 on the 15 and…
