Overall, the State had set a target of Sh120 billion from the September bond issuances, looking to add to the Sh406 billion in net domestic borrowing it achieved in July and August.
By
Charles Mwaniki
Business Reporter
Nation Media Group
The Central Bank of Kenya (CBK) is back in the market with a Sh60 billion Treasury bond sale as the government keeps up its rapid rate of domestic borrowing early in the fiscal year.
The CBK has been issuing discounts to investors in long-term bonds in a move that effectively raises their returns to reflect the…
Bond prices and yields (the interest rates) have an inverse relationship where the cost of purchasing a bond edge higher when…
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…
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…
Reopened bonds normally come with an existing coupon or actual interest rate that was set when the bonds were floated for the…
