The infrastructure bond auctioned in February at an interest rate of 18.4607 percent is now trading at a premium of just over one percent on the Nairobi Securities Exchange (NSE), signalling reduced demand for the paper which had previously sold at a premium of up to six percent.
NSE data shows that the bond fetched a price of 101.2618 on Monday, a sharp contrast from 106.17 on February 26.
