CBK Issues Tap Sale of Ksh22.41B Treasury Bond

The Central Bank on behalf of the Government has invited bids for a tap sale of a Treasury bond worth Ksh22.41 billion at a coupon rate of11.950 per cent.

CBK said it would receive bids for the bond from 21/11/2018 to 27/11/2018, or upon the attainment of quantum, while the auction date results will be on 29/11/2018.

The bond will have an average yield of 12.156 per cent per annum and an adjusted average price (per Ksh100) of 99.127 per cent. Bids will be allocated on first-come-first-served basis.

The value date for the bond will be on 03/12/2018.