CBK to Sell 7-Yr Infrastructure Bond in November Worth Ksh 30Bn

By David Indeje / November 14, 2017

CBK to Sell 7-Yr Infrastructure Bond in November Worth Ksh 30Bn

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.

CBK

 

 



About David Indeje

David Indeje is a writer and editor, with interests on how technology is changing journalism, government and society. He has been practicing Journalism since 2008. Environment, Agriculture Business, Health and Gender Development stories are his passion. David can be reached on: (020) 528 0222 or Email: [email protected]

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