{UAH} Kenya to sell shilling bond worth $50 mln via mobile phones -bourse | Reuters

Kenya will sell a five-year infrastructure bond worth 5 billion shillings ($47.53 million) in October exclusively on mobile phones for the first time, the Nairobi Securities Exchange (NSE) said on Monday, as it tries to reach more retail investors.

The M-Akiba bond goes on sale on Oct. 16 when investors can buy a minimum 3,000 shillings' worth, less than the 50,000 shillings minimum typical for Treasury bonds, the NSE said.

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