The government has opted for long-term bonds in the October sale, looking to take advantage of investor clamour for higher yields.
The Central Bank of Kenya (CBK), in its role as the government's fiscal agent, said in the October bond prospectus that it is reopening 20-year and 25-year bonds first sold in 2011 and 2018 respectively, which have got 10.6 and 22.7 years to maturity.
