The Central Bank of Kenya (CBK) is seeking to raise Sh30 billion from two re-opened bonds –a 10 and 20-year paper— whose sale started Wednesday until September 18.
The 10-year paper has a coupon –interest rate set in the first auction— of 16 percent but investors will be free to quote higher rates in the current sale. The bond was first sold in March this year and has 9.5 years left to maturity.
