The Central Bank of Kenya has floated treasury bonds worth Ksh21.65 billion at 12.280 per cent per annum in a tap sale.
The bonds will be on offer from Tuesday, 26 November to Thursday, 28 November or upon attainment of quantum.
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Furthermore, CBK reports that the bids shall be priced at the Average rate of the accepted bids and adjusted for accrued interest.
Allotment is on a first-come-first-served basis as the bidding closes at 2 pm on Thursday.
Investors will obtain details of amounts payable for successful bids on Friday, 29th November 2019 and they are to make payment by 2 December 2019 by 2 pm.
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