CBK seeks Sh50 billion from re-opened bonds

The Central Bank of Kenya in Nairobi.

Photo credit: File | Nation Media Group

The Central Bank of Kenya (CBK) is seeking Sh50 billion from two re-opened bonds as the government seeks to round off domestic borrowing for the financial year running to June 30.

The first of the re-opened bonds is a fifteen-year paper first sold in 2020, and which has 9.7 years left to maturity. The paper carries a coupon/fixed interest rate of 12.756 percent and matures in February 2035.

PAYE Tax Calculator

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