The premium prices on tax-free infrastructure bonds at the secondary market have begun dropping despite expectations of softening interest rates on new bond auctions going forward.
An analysis of bond prices data from the Nairobi Securities Exchange (NSE) shows the traded price per Sh100 of the recently issued February infrastructure bond had fallen to as low as Sh106.4012 as of Thursday from a high of Sh109.4719 at the end of the prior week.
