Bondholders realised a profit of Sh4.6 billion from selling the 6.5 and 8.5-year infrastructure bonds in the secondary market in March, taking advantage of a rush to acquire the high-return securities ahead of an expected decline in rates in the market.
New disclosures by the Capital Markets Authority show that the 8.5-year infrastructure bond issued in February recorded 1,900 trades in March, realising Sh73.16 billion for the sellers. The face or par value of these bonds stood at Sh68.53 billion, giving the sellers a realised profit of Sh3.51 billion for their paper.
