Auction: Kenya to sell 10-year, 15-year Treasury bonds in December

Photo of the central bank of Kenya. (Beverlyne Musili| Standard)

Central Bank of Kenya said on Thursday November 7, it would sell re-opened, 10-year and 15-year fixed-rate Treasury bonds worth a combined Sh30 billion.

The proceeds will go towards budgetary support. CBK said in its prospectus it will receive bids until December 13, and auction them on December 14.

The 10-year bond has a coupon rate of 12.966 per cent while the 15-year’s coupon is 12.500 per cent, the bank said.