Is time ripe for companies to tap into bond market? Odhiambo Ocholla
Series: The Standard | The Financial JournalPublication details: Nairobi : Kenya The Standard Group Tuesday, March 3, 2009Description: pp. 12Subject(s): Summary: The government issued the 'Infrastructure bond' with the objective of raising 18.5 billion to finance specific projects in roads, energy and water sectors, but ended receiving a whooping 26.8 billion from the market, representing an over subscription of 45% The issuance of twelve years 'Infrastructure bond' was a bold step and an important landmark in our capital market and this development should give more confidence to the private sector to start rolling out long-term bonds for funding infrastructure projects.
The government issued the 'Infrastructure bond' with the objective of raising 18.5 billion to finance specific projects in roads, energy and water sectors, but ended receiving a whooping 26.8 billion from the market, representing an over subscription of 45%
The issuance of twelve years 'Infrastructure bond' was a bold step and an important landmark in our capital market and this development should give more confidence to the private sector to start rolling out long-term bonds for funding infrastructure projects.
There are no comments on this title.