State entices investors in Sh60b offerWednesday, May 31st, 2023 03:21 | By John OtiniNSE trading. PHOTO/CourtesyThe National Treasury has floated a seven year Sh60 billion tax-free infrastructure bond with partial redemptions in a bid to attract more investors. This comes as investors appetite for longer-dated securities dis, prompting the government to devise innovative solutions to attract the much-needed capital to run the economy. The tax-free infrastructure bond aims to entice investors by offering partial redemptions, a feature designed to make the bond more attractive and flexible, easing the cost of doing business for the investors. The first redemption will be in June 2026, when investors will receive 20 per cent of the interest.

Source: Daily Nation May 31, 2023 00:53 UTC