×
App Icon
The Standard e-Paper
Read Offline Anywhere
★★★★ - on Play Store
Download Now

Kenya ups local borrowing with sale of 10-year bond

Treasury Cabinet Secretary Henry Rotich addresses the Press during the launch of the Eurobond at State House. With him are Central Bank Governor Njuguna Ndung’u (right) and Solicitor General Njee Muturi. [Photo: FILE]

Nairobi; Kenya: After its debut Eurobond in June, the Government is boosting domestic borrowing this month by reopening sale of 10-year bonds eight months after the debt was first issued.

The Central Bank of Kenya is offering Sh15 billion ($169 million) in notes, including a green-shoe option, which may see an extra Sh5 billion sold, it said in a e-mailed statement yesterday.

Get Full Access for Ksh299/Week
Uncover the stories others won’t tell. Subscribe now for exclusive access
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in