The Central Bank of Kenya, on behalf of the government, has put on offer a new seven-year infrastructure bond (IFB), seeking to raise Ksh 30 Billion this November.
The funds raised will be allocated to Roads (Ksh 10 Billion), Energy (Ksh 15 Billion), and Water Ksh 5 Billion).
The Bank will be receiving bids from 7th February to Tuesday 27th and the auction date will be held on Wednesday 27th of the same month.
The bond has been floated at a coupon rate of 12.500 percent and will be listed Nairobi Securities Exchange. Secondary trading in multiples of KSh 50,000 will commence on November 28.