Sharp Daily
No Result
View All Result
Thursday, October 9, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home Investments

Central Bank of Kenya offers 6.5-year amortized bond

Editor SharpDaily by Editor SharpDaily
November 3, 2023
in Investments
Reading Time: 2 mins read
A general view shows the Central Bank of Kenya headquarters building along Haile Selassie Avenue in Nairobi, Kenya November 28, 2018. REUTERS/Njeri Mwangi

A general view shows the Central Bank of Kenya headquarters building along Haile Selassie Avenue in Nairobi, Kenya November 28, 2018. REUTERS/Njeri Mwangi

The Central Bank of Kenya (CBK) is currently offering a 6.5-year Amortized Bond, designated as Issue No. IFB1/2023/6.5. The bond offer will close on Wednesday, November 8, 2023. The CBK is actively engaged in a sensitization campaign to encourage investor participation in the bond, urging Kenyans to invest in their nation’s growth.

This marks another instance of the Central Bank’s infrastructure bond issuance. A review of past infrastructure bonds demonstrates the enthusiastic reception they have received from investors.

The CBK’s last nine infrastructure bonds achieved an average oversubscription rate of 122.4%. The only exception among these nine was Issue No. IFB1/2022/006, which had a subscription rate of only 50.0%.

In an effort to attract more investors, the CBK has introduced several incentives. First and foremost, the returns from the bond investment will be tax-free. Additionally, the minimum investment amount for the bond has been reduced to KES 50,000, with a competitive bid threshold set at KES 2 million. The government’s target is to raise 50 million from the bond sale.

RELATEDPOSTS

CBK lifts 10-year moratorium on new bank licenses

April 17, 2025

Kenya’s first domestic bond buyback hits target: implications for the economy

February 20, 2025

One key factor contributing to the popularity of infrastructure bonds in Kenya is the stable and attractive returns they offer. These bonds often feature competitive fixed interest rates compared to other fixed-income investments, which is particularly appealing to risk-averse investors and those seeking a steady income stream.

Furthermore, these infrastructure bonds offer Kenyan investors an opportunity to diversify their investment portfolios. Investors are increasingly recognizing the importance of spreading risk across various asset classes, and this bond provides an additional avenue for diversification within the fixed-income asset class.

Given the incentives associated with this specific bond issuance, it is expected that the enthusiasm for infrastructure bonds will continue to grow. The CBK has taken steps to include retail investors in these bond issuances, making it more accessible for individuals from all walks of life to participate.

Additionally, this bond enables Kenyans to play an active role in financing critical national development projects, fostering a sense of civic pride.

Previous Post

Homeowners to benefit from 3% interest rates under affordable housing program

Next Post

Kenya to use NGAOs to advance the Bottom Up Transformation model

Editor SharpDaily

Editor SharpDaily

The latest in business, real estate, education, investments, tech and entrepreneurship, brought to you daily. Reach us through thesharpdaily@gmail.com

Related Posts

Investments

Equities, Bonds, or Fixed Deposits?

October 7, 2025
Investments

Kenya’s Inflation is creeping up, What it means for investors

October 7, 2025
Analysis

Kenya Pipeline Company IPO

October 3, 2025
Investments

Post-September review: What CMMF did and what’s next

September 26, 2025
Investments

CMMF at a glance: Competitive returns & easy access for every investor

September 19, 2025
Analysis

Alternative investments: Opportunities and risks

September 12, 2025

LATEST STORIES

The economic and environmental gains of Kenya’s LPG shift

October 8, 2025

Equities, Bonds, or Fixed Deposits?

October 7, 2025

Kenya’s Inflation is creeping up, What it means for investors

October 7, 2025

The Role of Micro-Pensions Plans in Kenya

October 3, 2025

Understanding the link between international aid and cooperative finance stability in Sub-Saharan Africa

October 3, 2025

Kenya Pipeline Company IPO

October 3, 2025

Kenya Q2’ 2025 GDP growth accelerates to 5.0%

October 3, 2025

Kenya’s Regulated SACCOs Cross Trillion Shilling Mark

October 2, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024