This month, the Central Bank of Kenya(CBK) received bids worth KSh 181.8 Billion for the re-opened 5, 10 and 15-year Treasury Bonds, a subscription rate of 302.95%.
CBK offered KSh 60 Billion worth of treasury bonds and accepted bids worth KSh 80.9 Billion. Out of these, Ksh 65 Billion were competitive bids and KSh 15.8 Billion made up of non-competitive bids.
The Central Bank of Kenya(CBK) had gone into the domestic money market to raise the cash needed for budgetary support.
The Bank is expected to release specific features for the August 2020 Treasury Bond Issue that will be provided in a prospectus before the Government instruments are offered for sale.
In the month of June, 2020, the CBK offered for sale, 5 and 10 year T-Bonds worth KSh 40 Billion. The Bank received bids worth KSh 101.5 Billion, an oversubscription of 262.84 %.
The bonds will now be listed on the NSE with secondary trading in multiples of KSh 50,000.00 to commence on Tuesday, 28th July, 2020.
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