CBK to Raise KSh 55 Billion from October T-Bonds Tap Sale

The Central Bank of Kenya(CBK) has issued reopened two-year and 5-year treasury bonds in the first week of October, seeking to raise KSh 55 billion for budgetary support. This happens as concerns arise about where the yield will be for the new treasury bonds.

CBK offer to investors

According to a prospectus posted on the state fiscal agent’s website, the coupon rates for the 2-year and 5-year treasury bonds are 16.97% and 16.84% respectively.

The sale began on 2^nd October 2023 and will end on 11^th October 2023 while redemption dates will be 18^th August 2025 and 10^th July 2028 for the tw0-year and 5-year treasury bonds respectively.

The auction date for the treasury bonds will be 11^th October 2023 while results will be obtained by successful bidders from the DhowCSD on Friday 13^th October 2023.

Treasury bond bids must be submitted to the monetary authority electronically via CBK DhowCSD or Treasury Mobile Direct (TMD) by 10. 00a.m on Wednesday, 11^th October 2023.

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