Central Bank of Kenya on Tuesday invited bids for a nine-year armotized infrastructure bond worth up to Ksh 16 Billion shillings through a tap sale.
The bond which will have an 11% coupon and an average yield of 14.753% and the bank said it will accept bids between Dec. 15 and Dec. 31.
At its auction on Dec.9, the weighted average yield the bond stood at 14.753 percent and the bank sold 13.96 billion shillings worth of the paper out of 30 billion shillings offered.
