BONDS
Bills & Bonds: The New Investment Vehicles
In December last year the Central bank of Kenya (CBK) lowered the minimum investment amount of Treasury Bills from Ksh.1 million to Ksh.100,000, which became effective as from January 1, 2009. This was a much needed change since the increase of the minimum amount in 1997 from Ksh.50,000 to Ksh.1 million. with the stock exchange [...]
Mabati Rolling Mills Ltd Approved to Float a 8 Years Bond
Mabati Rolling Mills Limited hereby announces that the Capital Markets Authority (CMA) has granted an approval for the placement of medium term unsecured floating and fixed rate notes due to mature in 2016. Other details of the notes are as follows:
Value: Ksh.2,000,000,000
Tenor: Eight (8) years
Subscription: Minimum subscription KES1m
Arrangers: CfC Stanbic Bank Limited, Citibank N.A., Kenya [...]
November: The Month of Corporate Bonds
This month has seen three firms tap into the budding bonds market. This is in accordance with the government initiative to deepen the securities market and provide an avenue for investors to diversify their portfolios. Among other factors, the cost and time taken in processing corporate bonds usually discourages many companies [...]
