Business News
KenGen bond begins trading
Prime Minister Raila Odinga and Finance minister Uhuru Kenyatta (left) during the listing of the KenGen public infrastructure bond at the Nairobi Stock Exchange on November 9, 2009. Photo/FREDRICK ONYANGO
Posted Monday, November 9 2009 at 17:46
“The system is hanging; it’s not able to recognise some of the pricing features. We hope it can be sorted out soon,” a broker told the Nation on condition of anonymity.
However, a statement from the NSE refuted the claims insisting that all was well.
“The ATS system for bonds is up and running without any issues. Indeed, there is a lot of interest in trading of the KenGen bond,” read a statement from the bourse.
It said that the discrepancy arose from an original schedule, that caused confusion as it included Saturday which is not a trading day.
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