The Central Bank of Kenya (CBK) rejected bids worth Sh12 billion in the January Treasury bond sale after investors asked for upwards of 19 percent on the five-year tranche of the bond.
Investors put up bids worth Sh37.1 billion against the State’s target of Sh35 billion but saw the CBK take up Sh25.02 billion from the dual-tranche paper whose sale closed yesterday.
