CBK Invites Bids for 2-Year and 10-Year Ksh40Bn Treasury Bond

The Central Bank of Kenya has invited bids for a 2-year and a 10-year Fixed Coupon Treasury Bonds worth Ksh40 billion at coupon rates to be determined by the market.

CBK said it would receive bids for the bond from 02/01/2019 to 22/01/2019 while the auction date and value date will be on23/01/2019 and 28/01/2019 respectively.

The funds raised from the issue will go towards Budgetary Support.

“Possible as a last resort, the bond will be rediscounted at 3% above the higher of prevailing market yield or coupon rate,” read the prospectus from CBK.