The infrastructure bonds (IFBs) sold by the government this year are trading at a premium in the secondary market at the Nairobi Securities Exchange (NSE) on elevated demand from retail buyers chasing the high, interest-free interest rates on the two papers.
The 17-year IFB sold in March, the 7-year one floated in June, and the 6.5-year paper sold earlier this month are the only three active bonds that traded above their par, or face value, in Friday’s session.
