CMA says slow Sh1bn M-Akiba bond sale to pick up after polls

CMA chief executive Paul Muthaura. PHOTO | SALATON NJAU | NMG

The Capital Markets Authority (CMA) expects investment in the Sh1 billion mobile-based Treasury bond to pick up after Tuesday’s hotly contested presidential polls.

The sluggish sale of the three-year retail infrastructure bond was extended for 52 days on July 22 after only 14.08 per cent (Sh140 million) was snapped up within the initial sale period of between June 30 and July 21.

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