another high capital intensive business.will be long before you can get any reasonable returns.the bonds are a good investment because of the return but are also have a high risk of default.i would be contrarian and invest in companies that will benefit from increased uninterrupted power supply like KPLC (read more profits because they deliver directly to consumer),manufucters like EABL and cement companies if Comesa doesnt zero rate import duty on the commodity.

@TruthOpiner; You make very serious accusations without giving any facts to back them.

'The only winners from this bond will be the brokers who have already collected their fee's and transcentury,which will eat most of the public's money.'

I can see how brokers will make money from commissions,but hows does Transcentury enter into the equation? And how will it 'eat most of the public's money'?

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On the plus side; there is a shortage of elec in Kenya and KenGen has raised more than enough to meet that shortage in the next two years...this will mean more income for the company.

On the minus side; this bond is quite expensive for Kengen. But it has two advantages: (1) It is shilling denominated thus shielded from FX swings; (2) It has an option for early redemption....a good plan,just in case interest rates go down in future...



Behind the gardens...Behind the wall...Under the tree (Including: Red...Dark Blue...Yellow)

BTW,Kengen financial year ends June. Where are the reports?

Pretax profit up 48%

Profit jumps to 48pc

The thicker the thigh the sweeter the pie.

GDC will inject 100MW annually to the national grid

The thicker the thigh the sweeter the pie.