CBK extends sale of 15-year Sh10bn bond
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.