The Kenyan Government through the Central Bank has re-opened two five Year Fixed Coupon Treasury Bonds worth Ksh 30 Billion for the purposes of budgetary support.
The Bank said the offer will be opened from 12th March to 21st March 2017 priced at a discount with coupon rates of 11.934 per cent P.A for the FXD2/2014/5 (2.23 Years) while the FXD3/2013/5 will be at a rate of 11.952 per cent P.A.
“Possible as a last resort, the bond will be rediscounted at 3% above the higher of prevailing market yield or coupon rate…Discount/Interest amount is subject to withholding tax at the rate of 15% of the two bonds.” CBK said in a statement.
See attached Notice Below…
