CBK eyes Sh65 billion from reopened bonds

The Central Bank of Kenya in Nairobi.

The Central Bank of Kenya in Nairobi. PHOTO | FILE | NMG

Photo credit: File | Nation Media Group

The Central Bank of Kenya (CBK) is seeking to raise a total of Sh65 billion from a reopened two-year bond and the tap sale of five-year and 10-year bonds, with the sale of latter two securities to be conducted on a first-come-first-served basis.

The two-year paper, expected to raise Sh40 billion, will be on sale until April 17. The paper was first sold last year when it settled at an interest rate of 16.97 percent.

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