Kenya will sell 2-year, and 5-year Treasury bonds on June 24 to raise a total of 20 billion shillings ($206 million) for budgetary support, the central bank said on Monday.
The bonds, which will be on sale from June 5 to June 23, will have their coupons determined by the market, the bank said in a statement. Both bonds will be subject to a withholding tax rate of 15 percent.
The Standard Group Plc is a multi-media organization with investments in media
platforms spanning newspaper print
operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a
leading multi-media house in Kenya with a key influence in matters of national
and international interest.