This archive report was first published on 18 June 2020.
On June 18, 2020, the Central Bank of Kenya (CBK) reopened bids for a 5-year and a 10-year Treasury Bond worth KSh 40 Billion, which received a massive response from investors.
The five-year bond, FXD3/2019/5, received bids amounting to KSh60.89 billion, representing a 152 percent performance rate. However, CBK accepted only KSh16.527 billion of the bids.
The ten-year treasury bond received bids amounting to KSh44.25 billion, representing a 110 percent performance rate. CBK accepted KSh 32.80 billion.
Overall, CBK received bids amounting to KSh 105.14 billion against an advertised amount of KSh40 billion, representing a 262.84 percent subscription.
The 5-year bond has a coupon rate of 11.492% while the 10-year bond has a coupon rate of 12.280%, with a tenor of 4.48 years and 9.42 years respectively.
