Interest on November bond rises to record 17.9pc as bids hit Sh89 billion

The Central Bank of Kenya, Nairobi. FILE PHOTO | DENNIS ONSONGO | NMG

The Treasury has raised Sh67 billion from the concluded sale of November’s infrastructure bond which came with the highest interest rate of 17.93 percent amid oversubscription of the offer.

This is as investors put in bids of Sh88.8 billion against the target of Sh50 billion in the auction which closed on Wednesday.

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