Nairobi, Sept. 3 -- The Treasury has opened the sale of a three-tenor Treasury bond issue for September seeking Sh50 billion for budgetary support.
The Central Bank of Kenya (CBK) said that the government is reopening a 15-year paper first sold in 2010, a 20-year paper first sold in 2011 and a 15-year bond whose initial sale was in February this year.
The offer opened on August 31 and will run until September 15.
"CBK, acting in its capacity as fiscal agent for the Republic of Kenya, invites bids for the above bonds.of amount Sh50 billion, and purpose (being) budgetary support," said CBK in the prospectus for the bond issue.
This is the second three-tenor bond issue to be laid out by the government in the current fiscal year, following ...