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 2nd October 2023 and will end on 11th October 2023 while redemption dates will be 18th August 2025 and 10th July 2028 for the tw0-year and 5-year treasury bonds respectively.
The auction date for the treasury bonds will be 11th October 2023 while results will be obtained by successful bidders from the DhowCSD on Friday 13th 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, 11th October 2023.
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