Sukuk Bond: What It Is, How It Works, and Why It’s Important for Kenya’s Housing Sector
|

Sukuk Bond: What It Is, How It Works, and Why It’s Important for Kenya’s Housing Sector

The Capital Markets Authority (CMA) has approved the issuance of the country’s first-ever Sukuk Bond by Linzi Finco Trust. The Sukuk targets raising KSh 3 Bn and proceeds from the bond will be used to develop over 3,000 institutional housing units. The Sukuk will offer an internal return of 11.13%.

Understand the Infrastructure Bond IFB1/2022/18
| |

Understand the Infrastructure Bond IFB1/2022/18

Infrastructure Bonds are bonds/loans issued by the Government for the financing of a public infrastructure facility e.g road, hospital, or energy project. This bond will be used to fund the infrastructure projects in the 2021/2022 budget. Duration of the new bond: 18 Years The coupon is the return you get from investing in a bond. It’s…