CBK: Kenya To Sell 10-Year, 15-Year Bonds Next Week

The Central Bank of Kenya said on Thursday it would sell re-opened, 10-year and 15-year fixed-rate Treasury bonds worth a combined KES 30 billion ($291.40 million) whose proceeds will go towards budgetary support.

The central bank said in its prospectus it will received bids until Dec. 13, and auction them on 14th December.

The 10-year bond has a coupon rate of 12.966% while the 15-year’s coupon is 12.500%, the bank said.

Kenya Shilling Stable

Kenya’s shilling was little changed on Thursday and traders said they expect it to weaken due to increased general importer dollar demand.

At 1119 EAT, commercial banks quoted the shilling at 102.80/103.00 to the dollar, compared with Wednesday’s close of 102.75/95.