3 Infrastructure bond plans, side by side
A government bond that funds roads, power and water. It works like any other Treasury bond except the interest is not taxed.
How this is ordered
Ordered by what you actually keep after tax, not by the coupon printed on the bond. On these the tax is the comparison: an exempt bond beats a taxed one paying the same rate by about a fifth of the interest.
The example: KES 5,000 a month for 5 years.
| Plan | Coupon | Tax takes | You keep, a year | Won't say |
|---|---|---|---|---|
| Infrastructure Bond IFB1/2021/021Central Bank of Kenya | 12.737% a year | Nothing | KES 6,369 | nothingA |
| Infrastructure Bond IFB1/2021/018Central Bank of Kenya | 12.667% a year | Nothing | KES 6,334 | nothingA |
| Infrastructure Bond IFB1/2019/016Central Bank of Kenya | 11.75% a year | Nothing | KES 5,875 | nothingA |
- · Infrastructure Bond IFB1/2019/016: before charges. the coupon the government pays each year on the amount you lend, split into two payments
- · Infrastructure Bond IFB1/2021/018: before charges. the coupon the government pays each year on the amount you lend, split into two payments
- · Infrastructure Bond IFB1/2021/021: before charges. the coupon the government pays each year on the amount you lend, split into two payments
Grades measure how openly a company explains its charges, not whether a plan is good. How we work them out.