The Central Bank on behalf of the Government has invited bids for a 15-year Treasury bond worth Sh40 billion at a coupon rate of 12.750%.
CBK said it would receive bids for the bond from 07/10/2018 to 16/10/2018 while the auction date will be on 17/10/2018.
The funds raised from the issue will go towards Budgetary Support.
“The Central Bank will rediscount the bonds as a last resort at 3% above the prevailing market yield or coupon rate whichever is higher, upon written confirmation to do so from the Nairobi Securities Exchange.” read a prospectus from CBK.
