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Tag Archives: bonds

World Bank fund for poorest countries issues $1.5 bn bond

Washington, United States | AFP | The World Bank fund dedicated to helping the world’s poorest countries on Tuesday announced it has raised $1.5 billion in its first-ever global bond issue, which enjoyed huge demand from investors. The International Development Association (IDA) issued a five-year AAA-rated bond which had nearly …

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Saudi raises $9 bn in first global Islamic bond issue

Riyadh, Saudi Arabia | AFP |  Saudi Arabia raised $9 billion in its first global Islamic bond issue, the government announced on Thursday, a move analysts say could ease pressure on foreign reserves. The sale of Islamic bonds, known as sukuks, comes after the kingdom in October turned to the …

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Kenya sells first ever mobile government bonds

Nairobi, Kenya | AFP |  Kenya, a pioneer in mobile money, on Thursday began selling the first ever government bonds via mobile phone, allowing anyone from teachers to shop owners to invest and fund infrastructure projects. The bond is named M-Akiba, which means “mobile savings” in Swahili, and was launched …

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More bonds on the USE bourse?

By Patrick Kagenda After the launch of the Stanbic Bank Uganda Shs 30 billion bond on the Uganda Securities Exchange, the fixed income market is awash with speculation about three other listings that have been on the cards for some time. The Shs 40 billion Eastern and Southern African Trade …

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