The Central bank of Kenya (CBK) raised Ksh 21.679B from the Ksh 24 billion Tap Sale on the twelve-year amortized infrastructure bond.
The sale period commenced on 28th February 2017 and was to closed on 2nd March 2017 where the bank accepted Ksh 8.050 billion at face value and Ksh 7.630 billion at cost resulting into Ksh 15.681 billion. The funds are to be used for infrastructure projects in the roads, energy and water sectors.
The sale was going at the average accepted yield rate of 13.555 percent.
Read: CBK Sold KSH 5B Infrastructure Bond Against a Target of KSH 30 B