The Central Bank of Kenya. The country will auction 20-year Treasury bond worth up to Sh10 billion in May. FILE
Kenya will auction a reopened 20-year Treasury bond worth up to Sh10 billion ($119.55 million) in May, the Central Bank of Kenya said on Friday.
The 20-year bond will carry a coupon rate of 12 per cent and will be auctioned on May 22, the bank said.
Kenya's last sale of a 20-year bond in January fetched a weighted average yield of 13.694 per cent.
