Only 5,692 investors bought the debut phone-based bond worth Sh150 million whose sale closed yesterday, having met the target ahead of time.
Data from the National Treasury showed that 102,632 people registered on the M-Akiba mobile phone bond platform, but only 5.5 per cent of them actually invested in the inaugural digital paper.
...
AllAfrica Subscription Content
You must be an allAfrica.com subscriber for full access to certain content.
You have selected an article from the AllAfrica archive, which requires a subscription. You can subscribe by visiting our subscription page. Or for more information about becoming a subscriber, you can read our subscription and contribution overview.
For information about our premium subscription services:
You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page »
Already a subscriber? Sign in for full access to article