CMA Supports the Return of Investments in Mobile Bonds.

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The M-Akiba bond, on the other hand, which was tested in April 2017, only required a minimum investment of Sh3,000, and the simplicity of mobile phone purchases further increased its accessibility to regular investors. Five M-Akiba problems from 2017 that drew a total of 582,572 registrations brought in Sh1. 04 billion for the government.

The retail bond had a coupon rate of 10% and offered tax-free status to investors, much as other infrastructure bonds.

Currently, this group of investors owns Sh274. 4 billion, or 6.26 percent, of the government’s total domestic debt.

However, some of the redemption issues that the Treasury and the Central Depository and Settlement Corporation, who handled the bond, ran into will need to be addressed in a new issue of the M-Akiba bond.


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