Treasury eyes Sh40bn for budgetary support with two new bonds
7 days ago, 18:26
The Treasury has floated two new bonds issues for this month to raise Sh40 billion for budgetary support. The two, five-year and 20-year tenor papers are on offer until next Tuesday, for a minimum investment of Sh50,000 per person subscribing. The government, through the Central Bank of Kenya (CBK) as the agent for the fundraising, is expecting to take advantage of the current liquidity in the market. The five-year bond coupon rate will be market determined, while the 20-year offer has a coupon ...
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