Time flies with great content! Renew in to keep enjoying all our premium content.
Prime
Investors reap gains of over 21pc from infrastructure bond sale
The 8.5-year IFB, issued in February 2024, carries a tax-free coupon or actual interest rate of 18.46 percent, which is currently the highest return on offer on any government security on the market.
Investors in an 8.5-year infrastructure bond (IFB) are enjoying capital gains of more than 21 percent from the sale of the papers in the secondary market of the Nairobi Securities Exchange (NSE), cashing in on demand from buyers chasing the lucrative paper amid a fall in rates from new issuances.
The 8.5-year IFB, issued in February 2024, carries a tax-free coupon or actual interest rate of 18.46 percent, which is currently the highest return on offer on any government security on the market.
