Huge investor appetite for the reopened treasury bond has seen Central Bank collect KSh49 billion from the domestic debt market. CBK’s re-opened bids for a 5-year and a 10-year Treasury Bond worth KSh 40 Billion, proceeds that will be used for budgetary support.
The five-year bond FXD3/2019/5 received bids amounting to KSh60.89 billion representing a 152 percent performance rate. CBK accepted only KSh16.527 billion of the bids.
On the other hand, the ten-year treasury bond received bids amounting to KSh44.25 representing a 110 percent performance rate. CBK accepted KSh 32.80 billion.
In total, CBK received bids amounting to KSh 105.14 billion against an advertised amount of KSh40 billion representing a 262.84 percent subscription.
The 5-year bond has a coupon rate of 11.492% while the 10-year bond has a coupon rate of KSh 12.280%, with a tenor of 4.48 years and 9.42 years respectively.
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