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Financing large-scale infrastructure projects
- Infrastructure bonds, defined as long-term debt securities, serve the purpose of financing large-scale infrastructure projects. Their significance in the Kenyan financial landscape lies in mobilizing funds for critical developments, such as roads and energy facilities, fostering economic growth and enhancing public services.
financialnewskenya.co.ke › understanding-infrastructure-bonds-in-kenya-is-it-time-to-buyUnderstanding Infrastructure Bonds in Kenya: Is it time to Buy
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Jan 17, 2024 · What are the current infrastructure bonds on offer by the Central Bank of Kenya? As of January 2024, the Central Bank of Kenya is offering several infrastructure bonds, including the June 2023 Infrastructure Bond Offer, the November 2023 Infrastructure Bond Offer, and the September 2021 Infrastructure Bond Offer.
Infrastructure bonds are used by the government for specified infrastructure projects. These bonds typically see a lot of market interest because returns from them are tax exempt. Zero coupon bonds are similar to Treasury bills, in that they are sold at a discount and do not have interest payments.
the Central Bank of Kenya. Re-opening : The Bond may be re-opened at a future date. Secondary Trading: Secondary trading in multiples of KShs 50,000.00 to commence on Tuesday, 20th June, 2023. Right to accept applications : The Central Bank reserves the right to accept bids in full or part thereof or reject
FXD1-2023-005 & RE-OPENED FXD1-2023-005 DATED 15/01/2024. TAP SALE RESULTS TREASURY BOND ISSUE NO. IFB1/2023/6.5 DATED 11/12/2023. Please note that calculators are provided to serve as guides for investors, but all final pricing is determined by the Central Bank.
Issue DateIssue NoIsin NumberTenor13/05/2024FXD1/2024/10KE80000065471006/05/2023FXD1/2024/10KE80000065471008/04/2024FXD1/2023/005KE8000005986508/04/2024FXD1/2024/010KE800000654710Purpose: For funding of Infrastructure projects in the FY 2023/2024 budget estimates Tenor : Six and a half Year
Bank Financial Institutions as stipulated in the Banking Act CAP 488 of the Laws of Kenya. Listing : The bond will be listed on the Nairobi Securities Exchange. Classification : The bond is a non-benchmark Bond. Eligibility : Only investors with active CDS Accounts with the Central Bank of Kenya.
Nov 24, 2023 · Nov 24, 2023. Infrastructure bonds, defined as long-term debt securities, serve the purpose of financing large-scale infrastructure projects. Their significance in the Kenyan financial landscape lies in mobilizing funds for critical developments, such as roads and energy facilities, fostering economic growth and enhancing public services.