NSE launches bond reforms to spur market growth
- Published By Jane Njeri For The Statesman Digital
- 3 weeks ago
Kenya’s Nairobi Securities Exchange (NSE) on Thursday unveiled a series of bond reforms aimed at boosting the growth of the country’s capital markets.
John Mbadi, cabinet secretary for the national treasury and economic planning, told journalists in Nairobi, the capital of Kenya, that a key reform is the introduction of a hybrid fixed-income market, which will enable the NSE to offer a secondary market combining both onscreen and over-the-counter trading of fixed-income securities.
“The development will allow a wider pool of licensed financial institutions including trading participants and commercial banks access to the NSE on behalf of their clients,” Mbadi said.
He said that the hybrid fixed-income market would enhance liquidity in the capital markets by increasing pre-trade transparency and providing multiple avenues for trade execution.
Mbadi also highlighted the launch of a real-time daily yield curve, which incorporates both the activities of the Quotations Board and executed trades, noting it will serve as a key indicator of market sentiment, guiding investment strategies.
Share on
SHARE YOUR COMMENT
MORE STORIES FOR YOU
Trending Stories
DJ Mo’s former illicit lo...
- Published By Jane
- January 15, 2024
Mapenzi! Zari and Tanasha...
- Published By Jane
- October 24, 2023
Zuchu Speaks on Diamond P...
- Published By Jane
- October 12, 2023
Hio Ni Upumbavu Wasituche...
- Published By Jane
- November 8, 2023
RECOMMENDED FOR YOU
CBK Report: What Kenyan B...
- Published By Jane
- September 12, 2024
Apple launches iPhone 16...
- Published By Jane
- September 12, 2024
I love teasing my boyfrie...
- Published By Jane
- September 12, 2024
The nailing wonder truth
- Published By Jane
- September 12, 2024
Latest Stories
Dama wa Spares celebrate...
- Published By Jedida
- October 15, 2024
Director Trevor advises T...
- Published By Jedida
- October 15, 2024
"They try top hard to.pro...
- Published By Jedida
- October 15, 2024
Ministry of Health confir...
- Published By Jedida
- October 15, 2024