The Treasury has slashed the total fees payable by an investor for corporate debt in the secondary market by times 10 as part of a strategy to spur activity in the segment.
A new pricing schedule by Treasury CS Ukur Yatani shows that investors now pay a total transaction fee of 0.0035 per cent for corporate debts in the secondary market, down from 0.035 per cent previously.
Kenya’s corporate bond market has witnessed a renaissance of issuances in the recent past, with the latest instrument floated by the Kenya Mortgage Refinance Company attracting bids worth Sh8.1 billion for a targeted Sh1.4 billion capital raise.
Other corporates that have issued bonds recently include East African Breweries Ltd (EABL), Family Bank, and Centum Real Estate.
Read also; How to Invest in Government Bonds in Kenya; The Best Guide.
