This archive report was first published on 5 August 2020.
On 28th July 2020, the Central Bank of Kenya (CBK) launched a re-opened sale of fixed coupon Treasury Bonds, which closed on 4th August 2020.
According to the CBK, the sale received bids worth KSh 41 Billion, with a total face value of KSh 40.3 Billion.
The proceeds from this re-opened sale of the 20-year Treasury Bonds, initially issued in September 2018, will be used for budgetary support.
The CBK priced the bids at the average rate of the accepted bids for the Treasury Bond auction value dated 24/09/2018, adjusted for accrued interest.
Successful bidders will be allocated on a first-come, first-served basis, with an average yield of 12.931% and a coupon rate of 13.200% per annum.
Investors are expected to obtain details of amounts payable for successful bids from the Central Bank of Kenya on Wednesday, 5th August 2020, with a payment deadline of 10th August 2020.
