CBK raises extra Sh10.6bn from three-year bond sale

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The Central Bank of Kenya (CBK) has mopped a further Sh27.2 billion from the third auction of May’s three-year bond.
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The Central Bank of Kenya (CBK) has raised Sh10.602 billion from the tap sale of the three-year bond, marginally exceeding its target of Sh10 billion.

Subscribers to the second sale of the short-term paper have booked a return of 14.228 percent, which equals the coupon rate that was set in the primary auction.

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Note: The results are not exact but very close to the actual.