CBK collects KSh 98.6 Billion from Infrastructure bonds sale

Central Bank of Kenya(CBK) received bids worth KSh 132.3 Billion at the auction of the 19-year infrastructure bonds sale against its offer of KSh 75 Billion, an over subscription of 176.34%

Out of the amount accepted, competitive bids were worth KSh 86.1 Billion while non-competitive bids were amounting to KSh 12.5 Billion.

The coupon rate was 12.965% while the market weighted average rate was 13.036%

The state fiscal agent will KSh 2.9 Billion for redemptions while new borrowing is pegged at KSh 95.8 Billion.

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