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We discuss the quasiparticle band structure of the antiferromagnetic phase of the planar Kondo lattice model with a half-filled conduction band, the so-called Kondo insulator. The band structure is obtained by bond fermion technique and good agreement is obtained with the single particle spectral function obtained by Dynamical Cluster Approximation. In particular, various changes of the band structure with J/t observed in the numerical spectra are reproduced qualitatively by the calculation. In the absence of Fermi surface nesting we find a semimetallic phase for sufficiently small exchange constant and possible experimental consequences are discussed

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