Central bank to auction 5-year, 20-year bonds in July

Kenya's central bank will auction 5-year and 20-year fixed-coupon bonds on July 20 worth a total of 30 billion Kenyan shillings ($296.88 million), it said on Wednesday.

The five-year bond will be a new issue, while the 20-year paper will be a reopened bond, the central bank said in a statement. The bank will receive bids between July 6 and July 19.