• About Hisa Technologies
  • Advertise
  • Careers
  • Contact Us
  • Estate Cloud
Friday, May 20, 2022
  • Login
  • Register
No Result
View All Result
NEWSLETTER
Kenyan Wallstreet
  • Home
  • News
    • Kenyan News
    • African News
    • Global News
  • Business
    • Agriculture
    • Banking
    • Aviation
    • Energy
    • Manufacturing
    • Markets
    • Personal Finance
    • Technology
    • Startups
  • Lifestyle
  • Podcast
  • Videos
  • Events
  • Blockchain & Digital Currencies
  • Calendar
  • Home
  • News
    • Kenyan News
    • African News
    • Global News
  • Business
    • Agriculture
    • Banking
    • Aviation
    • Energy
    • Manufacturing
    • Markets
    • Personal Finance
    • Technology
    • Startups
  • Lifestyle
  • Podcast
  • Videos
  • Events
  • Blockchain & Digital Currencies
  • Calendar
No Result
View All Result
Kenyan Wallstreet
No Result
View All Result

CBK eyes KSh 40 Billion in December T-Bond Sale

Jackson OkothbyJackson Okoth
November 23, 2021
in Banking, Kenyan News
Reading Time: 2 mins read

Central Bank of Kenya (CBK), the state’s fiscal agent, has invited bids for the sale of re-opened 10 year and 20-year Fixed-Coupon Treasury Bonds, that were first sold in 2019 and 2018 respectively.

CBK seeks to raise KSh 40 Billion in the December 2021 T-Bonds Sale, with the proceeds to be used for the Government’s Budgetary Support.

According to the CBK prospectus, the coupon rate for the 10-year Treasury Bond is 12.280% per annum while that for the 20-year Treasury Bond is 13.200% per annum.

ADVERTISEMENT

The period of tap sale, which began this Monday 22nd November 2021 ends on 7th December 2021 with a value date of 13th December 2021. The discount/ interest paid for these two T-Bonds is subject to withholding tax at a rate of 10%.

Bids closure is 7th December 2021 with an Auction date on 8th December 2021 with results to be announced on December 9th. The CBK will rediscount the bonds as a last resort at 3% above the prevailing market yield or coupon rate, whichever is higher, upon written confirmation from the Nairobi Securities Exchange(NSE).

The Bonds will be listed at the NSE with secondary trading in multiples of KSh 50,000 to commence on December 15th 2021.

Last week, the secondary bond market had the value of bonds traded decreased by 39.55% to KSh 11.13 Billion from KSh 18.65 Bn recorded the week prior. Analysts attributed the reduction in secondary activity to investors’ anticipation of an attractive primary bond issue in December.

Expectations are that activity in the secondary bond market will pick up now that the December primary issue has been done. Investors will be hunting for higher yields and attractive entry points on specific government papers.

Continued borrowing by the government is likely to exert upward pressure on the yield curve.

ALSO READ: CBK accepts KSh 65.9 Billion at November T-Bonds sale


Hisa App Hisa App Hisa App
Previous Post

SASRA signs MOU with Sleuths, putting Rogue SACCO Officials on Notice

Next Post

Jumia Taps Ex-Britam Commercial Director Betty Mwangi as CEO

Related Posts

Postal Corporation of Kenya Signs Deal with Somaliland

May 20, 2022

Safaricom Investment Cooperative Issues 150 titles in Nanyuki Project

May 20, 2022

Ascent Capital Acquires Majority Stake in Valley Hospital

May 20, 2022

Stanbic Holdings Announces Retirement of Ruth Ngobi as Director

May 20, 2022

Bamba Secures $3.2M to Upscale its App

May 20, 2022

CBK Accepts KSh 22.9B at Weekly T-Bills Auction

May 20, 2022

Mastercard Inks Deal with Opay to Grow Digital Payments

May 20, 2022

Madison Announces Plans to Quit the Annuity Business

May 20, 2022
Load More
Next Post

Jumia Taps Ex-Britam Commercial Director Betty Mwangi as CEO

ADVERTISEMENT

Follow Us

  • 136.4k Followers
  • 2.4k Subscribers
  • 1.1k Followers

WhatsApp

Subscribe

Telegram  

Subscribe

Podcasts

Upcoming Events

May
20
Fri
all-day Equity Group Book Closure
Equity Group Book Closure
May 20 all-day
 
all-day Stanbic Holdings Book Closure
Stanbic Holdings Book Closure
May 20 all-day
 
May
24
Tue
all-day BAT Kenya Payment of Final Dividend
BAT Kenya Payment of Final Dividend
May 24 all-day
payment of final dividend of kes 50.00
May
25
Wed
6:09 am Standard Chartered Dividend Payment
Standard Chartered Dividend Payment
May 25 @ 6:09 am – 8:30 pm
payment of final dividend of kes 14
May
26
Thu
all-day ABSA Bank Kenya Dividend Payment
ABSA Bank Kenya Dividend Payment
May 26 all-day
 
all-day I&M Group Final Dividend Payment
I&M Group Final Dividend Payment
May 26 all-day
 
View Calendar
Add
  • Add to Timely Calendar
  • Add to Google
  • Add to Outlook
  • Add to Apple Calendar
  • Add to other calendar
  • Export to XML

Featured

No Content Available

About Us

We are a leading integrated digital content platform providing in-depth business and financial news across Sub-Saharan Africa & the globe. Kenyanwallstreet.com is a property of Hisa Technologies Ltd, a financial media & software company.

Contact Us

Kenyan Wall Street
Email: [email protected]
Website: www.kenyanwallstreet.com

Disclaimer

The information contained in this website is for general information purposes only.
Read more..

  • About Hisa Technologies
  • Advertise
  • Careers
  • Contact Us
  • Estate Cloud

Copyright 2021. Hisa Technologies. All Rights Reserved.

No Result
View All Result
  • Home
  • News
    • Kenyan News
    • African News
    • Global News
  • Business
    • Agriculture
    • Aviation
    • Banking
    • Energy
    • Infrastructure
    • Insurance
    • Investment
    • Manufacturing
    • Markets
    • Public Policy
    • Real Estate
    • Startups
    • Technology
  • Podcast
  • Videos
  • Events

Copyright 2021. Hisa Technologies. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In