The Central Bank of Kenya(CBK) received bids worth KSh 41 Billion in a tap sale of fixed coupon Treasury Bonds.
Total bids received have face value of KSh 40.3 Billion against the advertised amount.
Proceeds from the re-opened sale of the 20-year Treasury Bonds initially issued in September 2018, are for budgetary support.
The sale began on 28th July 2020 and closed on 4th August 2020.
CBK priced the bids at the average rate of the accepted bids for the Treasury Bond auction value dated 24/09/2018 and adjusted for accrued interest.
Bids will be allocated on a first come first served basis with an average yield of 12.931% and a coupon rate of 13.200 % per annum.
Investors are to obtain details of amounts payable for successful bids from Central Bank of Kenya on Wednesday, 5th August 2020. The payment deadline is 10th August 2020.