Investors in the mobile-traded government bond, M-Akiba, on Monday received KSh44.6 million interest payments for the M-Akiba 2.
In a statement, the Central Depository and Settlement Corporation (CDSC) said the 13,494 investors will receive their final interest payout and the principal amount invested on September 7.
Similarly, M-Akiba, that raised KSh150 million in March 2017 will receive their principal amounts with the final interest on April 6.
”The payment follows the last payout in October last year for M-Akiba 1 and in September 2019 for M-Akiba 2 Investors totaling KSh7.5 million and KSh31.38 million respectively,” CDSC said.
Since its launch, a total of KSh150.6 million has been paid out in interest to all M-Akiba Investors and KSh1,045 billion raised from the five Bond Issuances since 2017.
Central Depository and Settlement Corporation (CDSC) Chief Executive Nkoregamba Mwebesa said “CDSC continues to fulfill 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.”
The M-Akiba retail bond seeks to deepen and enhance financial inclusion through leveraging on increased mobile phone penetration to democratize access to formal financial systems for savings and investments.
