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…
Short-term government securities yields continued to rise as investors sought compensation for higher inflation.
The attractiveness of the corporate bonds has been aided by lower interest rates on bank deposits and treasury bills besides a…
Government bonds are generating yields of between 8.9 percent and 14.7 percent in the secondary market at the Nairobi bourse.
In the June sale, the higher yield demands were matched by price discounts of Sh2.86 and Sh5.28 per unit of Sh100 on the 15 and…
