CBK seen capping premium on reopened 5-year bond

Investors are likely to get only a limited premium on the initial coupon on the re-opened five-year bond currently on sale, with the Central Bank tipped to continue its stance of rejecting expensive bids, analysts have said.

Analysts at NCBA and investment bank AIB Capital have tipped investors to demand between 11.70 and 11.85 per cent for the Sh30 billion offer.

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