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CBK eyes Sh80bn from bond sale to fund big May payment
The cut in the CBK’s base rate in the April monetary policy committee meeting is expected to lower bond yields further in the near term, with investors keen on locking in the present rates.
The Central Bank of Kenya (CBK) is eyeing a fresh Sh80 billion from Treasury bond buyers in its May 2024 issuance to finance a large maturity of Sh83.6 billion falling due next month.
CBK opened the sale of the three-tranche bond on Wednesday, targeting Sh50 billion from a pair of reopened 15 and 25-year papers first issued in April and October 2022, respectively, and another Sh30 billion from a reopened 20-year bond first issued in November 2012.
