Central bank raises Sh34 billion from reopened three-year bond

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Central Bank of Kenya Governor Dr Kamau Thugge at a past event on July 17, 2023. PHOTO | LUCY WANJIRU | NMG

The Central Bank of Kenya (CBK) has accepted Sh34.2 billion from investor bids in the reopened three-year bond whose sale closed Wednesday.

The paper was oversubscribed with investor bids touching Sh43 billion against a target of Sh40 billion, representing a 107.69 percent performance rate.

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