This archive report was first published on 13 September 2019.
On August 19, 2019, the third tranche of the M-Akiba 2 Re-open 3 went on offer, closing on September 6, 2019.
Although the National Treasury had set a target of Sh500 million, the M-Akiba Retail Infrastructure Bond issue 'Re-Open 3 of August 2019' raised a total of Sh263 million.
Notably, the bond attracted 51,461 new accounts, bringing the total M-Akiba accounts to 565,725. The total amount raised to date surpassed the KSh1 billion mark, standing at KSh1.045 billion.
Interest payments were also made, with the treasury reporting that it paid out KSh31 million to 11,239 investors, bringing the total amounts paid out in interest to KSh98.56 million since the first issuance.
Investors of this particular issuance will receive an interest payout on 9 March 2020 and then receive their principal and final interest payment alongside all other M-Akiba 2 investors.
