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Capital Markets

Kenya mulls Treasury bonds sale through private placement

Treasury building in Nairobi. file PHOTO | NMG
Treasury building in Nairobi. file PHOTO | NMG 

The National Treasury is looking into ways of selling Treasury bonds through private placement, a copy of a letter it sent to fund managers showed on Wednesday.

Treasury officials did not immediately respond to a request for comment by Reuters.

Kenya has been selling government bonds through open auctions conducted by the central bank.

“The National Treasury is planning issuance of Treasury bonds through private placement,” the letter, which invited the managers to a meeting on Friday, said.

“The purpose of the meeting will be to undertake a market sounding exercise... towards the issuance and to discuss and agree on the bonds pricing methodology,” the letter added.

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