Infrastructure bond holders are enjoying a tax break of Sh25.8 billion per year, courtesy of being shielded from withholding tax on interest earned from similar securities at a rate of between 10 percent and 15 percent depending on duration.
Latest data from the Nairobi Securities Exchange (NSE) shows that there are 24 infrastructure bonds (IFBs) currently trading in the market, with tenors of between six and 25 years and a combined value of Sh1.803 trillion.
