Investors face a race to lock in higher interest returns in the October Treasury bond sale which closes today, with rates expected to come down in subsequent offers after the Central Bank of Kenya (CBK) further cut its indicative lending rate by 75 basis points to 12 percent on Tuesday.
The bond offer—comprising two reopened 10-year papers first sold in 2016 and 2022— is seeking Sh30 billion and has been on sale since September 25.
