Kenya to sell bond worth 30bn shillings- central bank

Kenya to sell bond worth 30bn shillings- central bank

Saturday, August 5, 2017 8:06 am


President Uhuru Kenyatta of Kenya

Kenya will sell five-year and 10-year Treasury bonds worth a total 30 billion shillings (289 million dollars) this month, the central bank said on Friday.

The bank said in a statement it would receive bids for the bonds between Aug. 7 and Aug. 22 and auction the two bonds on Aug. 23.

The five-year bond will have a market-determined coupon, while the reopened 10-year bond has a 12.966 per cent coupon, the central bank said.

(Reuters/NAN)

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