National Treasury extends Ksh1 billion M-Akiba bond to September 11

Kenya’s National Treasury has extended its 1 billion shillings M-Akiba bond to September 11 after it failed to attain its target.

On Friday, it had only raised KSh 128 million by midday before its close.

According to the Treasury, the bond received 35,672 total registrations with Ksh 140, 797, 083 being raised.

Read: CBK receives bids for its 10-year Treasury bond worth Ksh 30 billion 

The first phase of the bond was closed after selling Kshs 150.0 mn, having met its target on 5th April, 5-days ahead of the intended closure date on 10th April. 102,632 potential investors registered on the platform of which 5,692 investors subscribed for the issue, with an average investment of Kshs 26,359 per investor.