The Government of Kenya is seeking KES 30 Billion in the bond market through issuing a 5 Year Treasury Bond. The proceeds of the sales are meant to be used for budgetary support.
The period of sale of the bond is between October 6 and October 17, 2017. The auction date will be a day after on October 18, 2017.
The coupon on the bond will be market determined. The bond will be listed on the Nairobi Securities Exchange and secondary trading will commence on Tuesday, October 24, 2017.