The CBK has been issuing discounts to investors in long-term bonds in a move that effectively raises their returns to reflect the jump in interest rates compared to when the securities were first...
By
George Ngigi
Correspondent
Nation Media Group
The Central Bank of Kenya (CBK) is seeking to raise Sh80 billion from the sale of four bonds in July including a partial switch of a security maturing on November 9, 2026.
Bond prices and yields (the interest rates) have an inverse relationship where the cost of purchasing a bond edge higher when…
Reopened bonds normally come with an existing coupon or actual interest rate that was set when the bonds were floated for the…
Infrastructure bonds tend to be popular with investors due to their tax-free status, making them a useful tool for the Treasury…
CBK has targeted Sh28 billion in each of its last two weekly T-bill auctions, with a higher quantum placed on the shortest dated…
The CBK has in recent months reopened long-term bonds that carry annual interest of between 12.9 and 14.2 percent.
Some IFBs issued in 2023 and 2024 pay investors rates of between 14 and 18.5 percent annually, making them the most expensive in…
