State issues Sh75b bond crowding out private sector

Gerald Muriuki, Research Analyst at Genghis Investment, Churchill Ogutu, Senior Research Analyst and Patrick Mumu, Research Analyst when they released a report predicting that the Nairobi Securities Exchange will offer investment opportunities for the year 2020. [Wilberforce Okwiri, Standard]

The Government is offering an infrastructure bond of Sh75 billion next month amidst fears it is crowding out the private sector from the credit market.

In a prospectus, the Central Bank of Kenya (CBK), the fiscal agent for the State, announced it would be offering the 21-year amortised bond between August 20 and September 7.