The August switch bond primarily targeted Treasury bills, which are due in a period of heavy maturities on short-term government debt after a spike in subscriptions over the last three months.
By
Charles Mwaniki
Business Reporter
Nation Media Group
Investors have agreed to transfer Sh22.5 billion from maturing government securities into a longer-dated bond that falls due in 2029, giving the National Treasury relief from pressure to make the repayments.
The 2013 bond, which is to mature in February 2028, carries an annual interest rate of 11.25 percent, while the 10-year bond pays…
The T-bill auctions have been skewed towards the 91-day paper since mid-May, as investors avoid locking in their money for long…
The CBK has been issuing discounts to investors in long-term bonds in a move that effectively raises their returns to reflect the…
The bonds market has grown in popularity among investors with a marked increase in holdings of the securities by retailers and…
Overall, the State had set a target of Sh120 billion from the September bond issuances, looking to add to the Sh406 billion in…
The CBK was looking to raise Sh60 billion from the reopened 15-year and 30-year bonds which have 7.9 and 14.4 years left to…
