Treasury to sell mobile bond in March

Treasury secretary Henry Rotich. FILE PHOTO | NMG

The Treasury will make another sale of the mobile-based infrastructure bond M-Akiba in March, testing the market once again with the offer that failed to raise the targeted amount in 2017.

Nairobi Securities Exchange (NSE) head of enterprise innovation David Waggema on Wednesday said the three-year bond will be reopened, meaning that investors will get 10 percent in interest, tax free, with a target amount for the bond pegged at Sh250 million.

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