Economy

Kenya to sell 25-year infrastructure bond — Official

Bond Nairobi, March 1, 2019 (Reuters/NNN) Kenya will sell a 25-year amortised infrastructure bond to raise about 50 billion shillings (500.25 million dollars), the Central Bank of Kenya said on Friday. The apex bank said in Nairobi that the bond, which would be auctioned on March 20, would come with a coupon of 12.200 per […]

Published

on



Bond

Nairobi, March 1, 2019 (Reuters/NNN) Kenya will sell a 25-year amortised infrastructure bond to raise about 50 billion shillings (500.25 million dollars), the Central Bank of Kenya said on Friday.

The apex bank said in Nairobi that the bond, which would be auctioned on March 20, would come with a coupon of 12.200 per cent.

An amortised bond is one in which the principal (face value) on the debt is paid down regularly along with its interest expense over the life of the bond

The bank added that it would be tax free in line with the government’s policy of encouraging investors to bank infrastructure bonds. (Reuters/NNN)

JI/EEE

Edited by Joseph Idika/Ese E. Ekama

https://nnn.ng/kenya-to-sell-25-year-infrastructure-bond-official/

Ajibade, Azeez win Asiwajuniwa Cycling Tournament KDSG advises civil servants against strike Paris knife attack suspect says he was targeting Charlie Hebdo – Police source Congolese security forces thwart rebel attempt to seize mining hub 171 millionaires emerge in Dangote Cement Promo President Buhari greets Onabule at 81 Oba Oniru wants LASG to recognize “Isese Day” Onyeama calls for peace in Enugu APC World Tourism Day: NCF showcases Nigeria’s rich conservation park‍  I-G condemns attack on security convoy in Borno 2020/2021 Legal Year: Clergy tasks judges on justice, fight against corruption FG applauds CAN’s roles in nation building Bankers institute re-certifies NDIC academy as training provider for banking industry Post COVID-19: Expert proffers strategies for business revival Vardy’s hat-trick inspires Leicester City to 5-2 win over Manchester City Community repatriates 43 Nigerian women stranded in Lebanon Electricity: Ojota community protests ‘crazy’ bills, disconnections LASG says MSMEs key to economic recovery  Valentino picks Milan over Paris for rare live fashion show 60th Independence: Sanwo-Olu urges citizens to rededicate to nation’s unity In Paris, a fashion eco-system on edge as shows disappear French Open: Wawrinka thrashes Murray as big match falls flat 13 B/Haram terrorists, 23 family members surrender to troops in Borno -DHQ Malami donates N11m to Kebbi flood victims Jos airport renovation 95 per cent completed – Manager FG mulls policy on zero rating for educational websites Tourism Day: Nigeria to leverage on tourism to boost grassroots devt.- Minister Buhari’s policies yielding fruitful results – Gov Bagudu Ministry to create platform for lifting 100m Nigerians out of poverty Oil palm growers commend Buhari, CBN for empowering small holder farmers Nigerians renew call on Multichoice, others on pay as you go tariff NIHOTOUR will work with private sector for sustainable development of tourism -Kangiwa Men like Justice Karibi-Whyte, difficult to find anymore -NBA President Gov. Wike describes late Karibi-Whyte as a super hero, incorruptible jurist Inter hits two late goals to beat Fiorentina 4-3 Beaten Betis coach Pellegrini blames VAR in defeat to Real Madrid COVID-19: Nigeria cases now 58,198 with 49,722 discharged Ministry official advocates regular dog vaccination to end rabies by 2030 COAS inspects ongoing projects in Army Super Camp, Ngamdu School resumption: Expert advocates provision of clean water to check spread of infections Armed Forces College holds memorial service for 1992 Ejigbo plane crash victims Increased tariff: Previous administration created problem in power sector Scores of terrorists killed in massive airstrikes on hideouts in Borno – DHQ Wike promises early completion of 258-bed mother, child hospital in Port Harcourt Yobe IPAC agrees with LG elections postponement Brazil court postpones league game after several COVID-19 positive tests Don charges media on changing maternal health narratives FG hands over Ogoni remediation sites to NOSDRA for scientific analysis Chilean team discover match postponed after 1,500 km trip Buhari condemns attack on Gov. Zulum’s convoy, killings of security agents