CBK has re-opened the 5-year budgetary support bond floated last week, this time seeking Ksh30 billion from investors after raising Ksh20 billion. The bond has a fixed coupon rate of 11.667 per cent and set to mature in May 2025.
In a circular, CBK says that the discount/interest is subject to a 15 per cent withholding tax. Investors should send their application or apply online via treasury mobile direct by 2.00 pm on Tuesday 19th May 2020.
Last week’s treasury bills auction received bids totalling KSh 15 billion against an advertised amount of KSh 24 Billion representing a performance rate of 62.6% with CBK accepting ksh14 billion. On the other hand, the 5-year bond offered at the auction of May 6th, 2020 received bids totalling Ksh34.53B against an advertised amount of KSh 50 billion and accepting Ksh20 billion.