Roads bonds to earn more as NSE rates rise - 3 months ago, 7 Nov 17:00
Investor interest on upcoming infrastructure bonds could earn a higher return following the recent rise in the average rate of the issues listed on the Nairobi Securities Exchange (NSE).
The rise in the rate comes as speculation heightened that a primary infrastructure bond issue of similar characteristics was likely to be offered before the end of the year.
According to an analysis by investment bank Genghis Capital, the average infrastructure bonds (IFBs) rate has risen by 20 basis points (bps), or 0.2 percentage points, in the past one month.
“Rates on the IFBs have risen an average of 20bps over the past month as market speculation builds up that the regulator will be issuing an IFB before the end of the year,” said Genghis Capital.
For last week, the analysts said the Nairobi Securities Exchange experienced an uptick of interest on IFBs activity as they contributed to more than a fifth of the total. ...
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