• Treasury Rejects Expensive Bids to Raise KSh27.9 billion in February’s Dual Bond Auction • Khusoko

Treasury Rejects Expensive Bids to Raise KSh27.9 billion in February’s Dual Bond Auction

The Central Bank of Kenya (CBK) which represents the exchequer’s primary debt auctioneer has listed two bonds- a re-opened 15 year issue and a new 25 year bond.

The National Treasury accepted KSh27.9 billion in the February dual-tranche Treasury bond sale below KSh50 billion that had been targeted. It rejected expensive bids from the investors. Treasury was seeking the KSh50 billion in two tranches of 15 and 25-year papers, the latter a reopening of a bond first issued in June 2018 for budgetary … Continue reading Treasury Rejects Expensive Bids to Raise KSh27.9 billion in February’s Dual Bond Auction