This archive report was first published on 5 June 2020.
On June 4th, 2020, the Central Bank of Kenya re-opened bids for a five-year and a 10-year Treasury Bond worth KSh 40 Billion, proceeds that will be used for budgetary support.
The bond sale will take place between June 4th and June 16th, 2020, with investors required to invest a minimum of KSh 50,000.
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.
Placing agents in this multi-price bid auction include commercial banks, non-banking financial institutions, licensed stockbrokers, and licensed investment advisors.
Non-competitive bids are limited to a maximum of KSh 20 Million per CDS account per tenor, excluding state corporations, public universities, and semi-autonomous Government agencies.
Only investors with CDS accounts at the Central Bank are eligible to participate in the auction.
The bidding process will close on June 16th, 2020, with the auction date set for the next day.
