The second tranche of the Sh80 billion May Treasury bond sale raised an above-target Sh43.52 billion, as investor appetite for longer dated securities persisted amid falling returns on new issuances.
The reopened 20-year bond, which has 7.6 years to maturity, targeted Sh30 billion but ended up raising investor bids of Sh54.39 billion, out of which the Central Bank of Kenya (CBK) took up Sh43.52 billion.
