The weighted average yield on accepted bids for Kenya’s 9-year infrastructure bond came in at 14.753 percent on Wednesday, the central bank said.
The bank said it received bids worth 16.57 billion Kenyan shillings ($162.77 million) for the 30 billion shillings it had offered for the bond. It accepted offers worth 13.9 billion.
Bids received worth KES 16.57B for the KES 30B 9yr IF-Bond. CBK accepted offers worth 13.9B. Undersubscription.
T-Bills Rise at Auction
The yield on Kenya’s 182-day Treasury bill rose to 11.099 percent at auction on Wednesday from 10.558 percent at the previous sale, the central bank said.
The yield on the 364-day Treasury bill increased to 12.561 percent at the same auction from 10.558 percent last week.
The central bank offered bills worth 12 billion shillings ($118 million) and received bids worth 8.473 billion shillings, accepting almost all of them.
The central bank will offer 91-day, 182-day and 364-day bills next week worth a total 16 billion shillings
Source; CBK
