M-Akiba bond hits target with 5000 buyers

A screenshot of a user accessing the M-Akiba mobile traded bond. PHOTO | SALATON NJAU | NMG

Only 5,692 investors bought the debut phone-based bond worth Sh150 million whose sale closed yesterday, having met the target ahead of time.

Data from the National Treasury showed that 102,632 people registered on the M-Akiba mobile phone bond platform, but only 5.5 per cent of them actually invested in the inaugural digital paper.

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