CBK raises Sh7bn from tap sale of 10 year bond, falling short of projection

CBK took Sh7 billion from the tap sale of a 10-year paper, whose auction closed last week.

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The Central Bank of Kenya (CBK) took Sh7 billion from the tap sale of a 10-year paper, whose auction closed last week, falling short of its projection of raising Sh15 billion.

Investor bids on the paper were largely muted at just Sh7.1 billion as the apex bank looked to lock in takers to a determined return of 16.2273 percent.

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