October’s infrastructure bond whose sale concluded this week is now paying the highest interest among outstanding government securities issuances at nearly 14 percent after the Central Bank of Kenya softened its hard stance against accepting high priced bids in the monthly auction.
The results of the sale that were published yesterday by the CBK show that the 14-year bond, which had targeted Sh60 billion, realised investor bids worth Sh91.8 billion, out of which the government took up Sh75.6 billion.
