This archive report was first published on 15 May 2020.
On 21 May 2020, the Central Bank of Kenya (CBK) will hold its next T-bill auction, aiming to raise Ksh24 billion.
According to the CBK, the recent 91, 182, and 364-day T-Bill auction, which took place this week, achieved a 100 percent performance rate, raising Ksh23.97 billion against the advertised Ksh24 billion.
Earlier this week, the CBK sought Ksh30 billion for budgetary support in a 5-year bond, which was a separate auction.
The CBK has also announced plans to issue a 6-year amortized bond on 28 May, seeking Ksh25.6 billion. The bond will have a fixed coupon rate of 10.20% and will be used to finance infrastructure projects in the FY2019/20 budget estimates.
The June Bond will be tax-free, as is the case for infrastructure Bonds under the Income Tax Act.
