As infrastructure bonds under Kenyan law, interest income for all three issues is exempt from withholding tax. Pricing termsEach bond structure includes a 50% principal amortization prior to final maturity:IFB1/2019/016: 50% amortization on October 14, 2030. IFB1/2021/018: 50% amortization on April 1, 2030. IFB1/2021/021: 50% amortization on September 1, 2031. Accrued Interest (AI) RulesBecause these are re-opened paper issues, purchases attract accrued interest per KES 100:IFB1/2019/016: Ksh.