The Central Bank, acting on behalf of the Government, has invited bids for a tap sale of a Treasury bond valued at Ksh22.41 billion.
The bond carries a coupon rate of 11.950 per cent. CBK said bids would be accepted from 21/11/2018 to 27/11/2018, or until the quantum is reached.
Results of the auction were scheduled for 29/11/2018. The bond was set to have an average yield of 12.156 per cent per annum and an adjusted average price of 99.127 per cent for every Ksh100.
CBK said allocations would be made on a first-come-first-served basis. The value date for the bond was 03/12/2018.
