Investors rallied for the 11-year infrastructure bond whose sale concluded this week, bidding Sh101.5 billion against the target of Sh70 billion to give the Treasury a big boost in achieving its domestic borrowing target for the current fiscal year.
The Central Bank of Kenya (CBK), the government’s fiscal agent, took up Sh78.64 billion from the bids offered by investors, at an average rate of 11.302 percent.
