The government has raised Sh19.59 billion from the reopened sale of two April bonds — the three and the 15-year papers — after the securities underperformed in the first auction.
The Central Bank of Kenya was in the market to raise Sh25 billion from the resale of the securities but fell short by Sh5.4 billion. The tap sale attracted bids worth Sh19.6 billion but the CBK accepted bids worth Sh19.59, rejecting Sh10 million.
