The Standard Group Plc is a multi-media organization with investments in media platforms spanning newspaper print operations, television, radio broadcasting, digital and online services. The Standard Group is recognized as a leading multi-media house in Kenya with a key influence in matters of national and international interest.

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P.O Box 30080-00100,Nairobi, Kenya.
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Digital News

2nd Infrastructure Bond Results

By Standard Digital | Dec. 4, 2009

The governments second infrastructure bond was oversubscribed by 238.4 percent, exceeding both market and analysts expectations. Investors applied for bonds worth 44.1 billion shillings, while the government was only seeking to raise 18.5 billion to fund infrastructure projects in water, roads and energy sectors. This is significantly higher that the first bond, which was oversubscribed by 145 percent. The offer has a coupon rate of 12 percent, making it an attractive proposition for risk hungry traders when it hits the secondary market, given the enormous double - digit spread available.

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