Treasury cuts fees 10 times to spur corporate debt deals
Securities trader at Nairobi Securities Exchange (NSE) trading floor at the Exchange Building in Nairobi. The Capital Markets Authority (CMA) recently published proposed rules that would allow more companies to list on the NSE to spur additional initial public offerings (IPOs).
Total fees payable by an investor for corporate debt in the secondary market slashed by times 10 as part of a strategy to spur activity in the segment.
A new pricing schedule by Treasury CS Ukur Yatani shows that investors now pay a total transaction fee of 0.0035 per cent for corporate debts in the secondary market, down from 0.035 per cent previously.
CMA recently also published proposed rules that would allow more companies to list on the NSE to spur additional IPOs and reverse a six-year drought in transactions.
The Treasury has slashed the total fees payable by an investor for corporate debt in the secondary market by times 10 as part of a strategy to spur activity in the segment.
A new pricing schedule by Treasury CS Ukur Yatani shows that investors now pay a total transaction fee of 0.0035 per cent for corporate debts in the secondary market, down from 0.035 per cent previously.
