Central Bank of Kenya (CBK) accepted bids worth KSh 18.552 billion in the June 2023 Treasury Bonds tap sale. Bids received during this sale amounted to KSh 18.560 billion out of KSh 15 billion offered, representing an oversubscription of 123.7%.
CBK offer to investors
Investors were offered a coupon rate of 14.228% during the tap sale held on June 23rd 2023 for the 3-year fixed-rate Treasury bonds
During the June 14th, 2023 infrastructure bonds sale, the monetary authority collected KSh 213.4 billion out of KSh 60 billion offered and bids amounting to KSh 220.5 billion received. Bidders were offered an average return of 15.84% for the infrastructure bonds.
In July, National Treasury is seeking to raise KSh 40 billion through the sale of one new 5-year Treasury Bond as well as a re-opened 10 year Treasury Bond that was first issued 3.2 years ago with a coupon rate of 15.039%.
The coupon rate for the 5-year Treasury Bond will be market determined. The period of sale of these two bonds begun on 28th June 2023 and ends on 11th July 2023.
Secondary trading of the bonds, which will be listed at the NSE, will be in multiples of KSh 50,000 and will commence on Teusday, 18th July 2023.
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