CBK seeks Sh15bn from 10-year bond tap sale

Central Bank of Kenya (CBK) Governor Kamau Thugge.  

Photo credit: File | Nation Media Group

The Central Bank of Kenya (CBK) is seeking Sh15 billion from the tap sale of a 10-year paper first issued in March as it stays on the quest of bringing down interest rates and extending the yield curve outwards.

Running to Thursday this week or upon the attainment of the targeted amount, it offers investors a return of 16.2273 percent.

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