Treasury eyes Sh40bn from well-paying new roads bond

State seeks to raise more funds for roads through infrastructure bond. FILE PHOTO | NMG

The Treasury is seeking Sh40 billion through one of the largest infrastructure bonds ever offered since the instrument was first floated by the Grand Coalition government in 2009.

The offer comes with a 12.5 per cent annual return payable every six months and without any income tax charged unlike the other bonds.

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Note: The results are not exact but very close to the actual.