CBK ex­tends sale of 15-year Sh10bn bond

The Star (Kenya) - - News Business -

The Cen­tral Bank yes­ter­day in­vited bids for a 15-year amor­tised in­fra­struc­ture bond worth Sh10 bil­lion in a tap sale. The bond will have a 12 per cent coupon and an aver­age yield of 13.177 per cent. The bank said it will ac­cept bids be­tween Oc­to­ber 25 and Novem­ber 3. At its auc­tion on Oc­to­ber 19, the weighted aver­age yield of the bond was 13.177 per cent, and the bank sold Sh30.57 bil­lion worth of the pa­per out of Sh30 bil­lion of­fered.

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