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Monday, 09 March 2020 14:21

The Central Depository and Settlement Corporation (CDSC) as the issuing and paying agent for The National Treasury (TNT), has today paid out a total of Kshs.44,567,500.00 in interest to 13,494 M-Akiba 2 Investors. This follows the last payout in October 2019 for M-Akiba 1 and in September 2019 for M-Akiba 2 Investors totaling Kshs.7,502,500.00 and Kshs31,387,500.00 respectively.
To date, a total of Ksh.150,630,000.00 has been paid out in interest to all M-Akiba Investors and Kshs.1,045,120,100.00 raised from the five Bond Issuances since 2017.
The redemption date for the M-Akiba 1 Bond falls on the 6th of April 2020. Investors in this note will receive their principal amount invested and final interest payout on this date. Subsequently, M-Akiba 2 Bond Investors will receive their final interest payout and the principal amount invested on the 7th of September 2020.
CDSC Chief Executive Nkoregamba Mwebesa noted, “CDSC continues to fulfil its mandate by facilitating the settlement of M-Akiba transactions traded on the Nairobi Securities Exchange (NSE) and managing coupon payments and redemption of the bond at maturity”.
Nkoregamba further urged the public to register and buy the bond in the secondary market by dialing *889# to get to benefit from this lucrative and convenient way of saving with a guaranteed return of 10% tax-free per year.

Last modified on Thursday, 21 May 2020 14:18