National Treasury is seeking to raise KSh 50 Billion during the March 2022 Treasury Bonds sale.
The Exchequer will the cash for budgetary support with the Central Bank of Kenya (CBK) opening sales to three re-opened bonds on Thursday 3rd March 2022.
The triple-bonds with tenures of 4.7, 12.9 and 24.2 years will be open for auction by investors until March 8 2022.
The Exchequer will be looking to follow success from its infrastructure bond issues earlier this month which fetched Ksh.98.6 billion in proceeds.
The CBK will be seeking to keep yields on bids around the three re-opened bonds at 11.227 per cent, 12.576 per cent and 13.924 per cent respectively.
The bonds will be listed on the Nairobi Securities Exchange.
The bonds are benchmark Bonds and only investors with active CDS Accounts with the Central Bank of Kenya are eligible.
The Bonds may be re-opened at a future date. Secondary trading of the bonds in multiples of KSh 50,000.00 will commence on Tuesday, 15th March 2022.
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