Moreover, competition also stemmed from insurance company that also offer hybrids of insurance and investment services, known as unit links. The highly active bonds market in the recent period is expected to escalate in the periods ahead. This in part is attributable to eminent issuance of new bonds by both the government as well as the private sectors in order to finance physical development.
The volume of transaction in the bond market is expected to be relatively high would of course influence the decision of the public to place their funds in this instruments. The increasing trend of types of financial instruments offered to public is expected to continue the period ahead.