Infrastructure Bond Offer – February 2024
The Central Bank of Kenya has announced a Treasury Bond offer - Ref IFB1/2024/8.5. This is an infrastructure bond. The details of the bond are as follows;
- Government is looking to raise Ksh 70 Billion.
- The tenor of the Bond is 8.5 years and will be redeemed on 9th February 2032
- Interest on Bond is tax free
- Minimum investment is Ksh 100,000
- Interest will be paid semi-annually
- Expected interest (coupon) is around 20%
- Bids must be placed on DhowCDS
- Eligible bids will need to be placed by 10am on Wednesday 14th February 2024
- Those who will have successfully bid will receive confirmation of success on Friday 16th February 2024
- Successful bidders will make payment for Bond by latest 19th February 2024 by 2pm
- Payment for bid can be made via bank RTGS of deposit bankers check to CBK office
You can get full details of the Infrastructure bond from CBK website here